5 Steps to Ensure Your Money Lasts Through Retirement
Here s how to turn your retirement assets into income that lasts a lifetime.
This story originally appeared on NewRetirement.
If you’re reading this, you’re likely someone who: saves money, has built up some assets, and is starting to think about how to create a retirement drawdown strategy – a plan for how to turn your assets into income that will last for life.
Having a sound retirement drawdown strategy and keeping to it is crucial if you want to be able to live comfortably in retirement and not spend time worrying about outliving your savings. Most of the financial services industry has been focused on helping people accumulate or save and invest (and their business models are built on this).
Treasury market’s bets on 2021 reflation face January reckoning
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Last Updated: Jan 03, 2021, 09:55 AM IST
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Synopsis
Bond traders have boosted expectations for inflation to near the highest in two years as they await an election next week.
Bloomberg
By Elizabeth Stanton and Edward Bolingbroke
January is shaping up to be a pivotal month in determining whether the nascent US reflation trade can really gather steam in 2021.
Bond traders have boosted expectations for inflation to near the highest in two years as they await an election next week that will determine control of the Senate and potentially the scope for further fiscal stimulus. The full economic fallout from the global coronavirus pandemic remains uncertain, with case numbers surging and vaccinations proceeding more slowly than projected. And the realities of a new U.S. administration will start to become apparent after Democrat Joe Biden takes the oath of office on Jan. 20.
When is it time for a committed do-it-yourself investor to simplify and turn the reins over to someone else?
That’s a question weighing on the mind of Grace, a 66-year-old retired attorney. An avid stock investor, she actively oversees a $2.3 million portfolio for herself and her husband Doug, 71. Doug retired from his career in the pharmaceutical industry a year ago, and Grace has been retired for about five years. The couple has two children. Both are in their 30s and thriving in their careers; one is married and has two young children.
Grace truly enjoys stock investing. I am the financial person in the household. I love to follow the market, tweak investments, and pounce on a good stock when it meets my targets, she said. The portfolio she oversees numbers more than 100 holdings, mainly individual dividend-paying stocks.
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