October 2017

Retirement Articles This Week

Your Retirement Help Center!

We'll focus on websites and publications that help prepare and plan your retirement and personal finance decisions. Visit us each week. Send us suggestions.

 

Dow sets Record high...22,203

Posted on Thursday, September 14 by Registered CommenterWise Owl | Comments Off

Be prepared to Evacuate....hurricane Irma heading to florida

Here's a valuable tool to help you find gas during Hurricane Irma

GasBuddy.com

Posted on Thursday, September 7 by Registered CommenterWise Owl | Comments Off

Baby boomers Are not selling their homes

People 55 and older own 53 percent of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900, according to real estate website Trulia. That’s up from 43 percent a decade ago. Those ages 18 to 34 possess just 11 percent. When they were that age, baby boomers had homes at almost twice that level.

Posted on Sunday, August 20 by Registered CommenterWise Owl | Comments Off

Understanding bonds and bond funds

Make sure to understand how intererest rates affect your individual bonds and bond funds.

Here's a helpful video.

 

Posted on Sunday, August 20 by Registered CommenterWise Owl | Comments Off

Retired?...Need Income?

Many older homeowners are renting out their spare rooms trough Airbnb.

Seniors are the fastest growing demographic of Airbnb hosts in the United States, according to statistics by the travel website.  Nearly tep-thirds of all senior hosts are women, the company reported, and women age 60 and olderare consistently rated the best Airbnb hosts in the U.S.

Check out Airbnb.

Posted on Saturday, July 8 by Registered CommenterWise Owl | Comments Off

Happy 4th of july!!!...enjoy Your BBQ

Posted on Friday, June 30 by Registered CommenterWise Owl | Comments Off

Low gas prices...Time for a road trip!

The recent drop in the cost of oil has been a happy surprise for drivers, who are enjoying the cheapest gas prices at the start of summer in 12 years.

Oil prices have dipped into bear market territory and gasoline prices have followed, falling every day since June 2, according to AAA.

The average price nationally for a gallon of regular is now $2.28, down 10 cents since the start of the month.

Posted on Friday, June 23 by Registered CommenterWise Owl | Comments Off

Please...Don't die broke...

Americans aren't known for being great savers.

In a recent GoBankingRates study, 69% of adults admitted to having less than $1,000 in the bank, while 34% said they actually don't have any savings at all. But apparently, this collective lack of savings doesn't get all that much better with age.

A study by the National Bureau of Economic Research found not so long ago that almost half of Americans die nearly broke. Of the general population, 46% of retirees die with savings of $10,000 or less. But that number climbs to 57% among retirees who are single.

Posted on Friday, June 2 by Registered CommenterWise Owl | Comments Off

Retired?...Need Income?

Lets pretend you have a million bucks in your retirement portfolio....

The S&P 500, with an average yield of 1.9% would generate just $19,000 in yearly income.

Ten-year Treasuries are a bit better, but at 2.25%, you’re only getting $1,875 a month, or $22,500 per year, on a million bucks.

Most retiree's we know need more income....tricky when yields are so low. 

Posted on Monday, May 29 by Registered CommenterWise Owl | Comments Off

Health savings accounts

In 2017, the annual HSA contribution limit for individuals is $3,400 and $6,750 for families.

Currently, HSA's are only available to people whose health insurance plans have high deductibles, $1,300 for individual coverage and $2,600 for families.

HSA's offer a triple tax break.  Contributions are tax-deductible, assets grow tax free, and distributions are tax-free if used for qualified medical expenses.  Once you turn 65, you can use HSA funds for any purpose penalty free, but if used for nonmedical expenses, they are subject to income tax.

Posted on Wednesday, March 22 by Registered CommenterWise Owl | Comments Off

Retired?...Need Income?...4 reits for retirement

Brad Thomas is the editor of The Forbes Real Estate Investor, he is extremely knowledgeable in the REIT sector and helps retiree's with income generating REIT ideas.   Make sure to consult your investment advisor for income ideas!

REIT (real estate investment trust) income should be a part of the retirement process and investors should take a closer look at the asset class that offers an outsized dividend yield along with very predictable sources of income.

However, REITs should not be painted by the same brush - just because you are an investor in a REIT does not guarantee that the dividend income will be sustainable. Most all retirees are counting on the income to fund expenses or enjoy their quality of living, a dividend cut could mean be devastating.

Here's one suggestion and a link to the Forbes article:

Omega Healthcare (OHI) is the largest “pure play” REIT that invests in Skilled Nursing buildings. As of Q4016 Omega had an operating asset portfolio of 981 facilities with approximately 99,000 operating beds. These facilities were spread across 79 third-party operators and located within 41 states and the United Kingdom.

Posted on Thursday, March 2 by Registered CommenterWise Owl | Comments Off

Fidelity and Schwab Cut costs for Online trading...$4.95

On Tuesday Fidelity Investments slashed online retail commissions for U.S. stock and exchange-traded fund trades to $4.95 from $7.95.

Just hours after Boston-based Fidelity Investments said it would slash its standard commission for online stock trades and ETFs by nearly 40% to $4.95, its San Francisco-based rival, Charles Schwab, matched the lower price.

 

Posted on Tuesday, February 28 by Registered CommenterWise Owl | Comments Off
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