Today’s carnival is all about retirement: saving for it, where to open accounts, how much to withdraw once you do retire, and more. Read on for more details!
A Fresh Perspective on Employer Retirement Matches
Emily presents Should You Count Your Employer’s Contribution into Your Retirement Savings Percentage? posted at Evolving Personal Finance.
“If you get an employer match to your 401(k), do you count it toward your target savings percentage or ignore it? I have a new suggestion for how to account for it.”
Everyone Wants to Know How Much to Save
MMD presents Finally a Safe Savings Rate for Your Retirement Formula posted at My Money Design.
“We’ve all seen articles that say to save 10%, but how do we know that percentage is really the right number to plug into our personal retirement formula?”
I Know How Much to Save…Now How Much Can I Take Out in Retirement?
Jason Hull presents Is 4% the Correct Safe Withdrawal Rate at Retirement? posted at Hull Financial Planning.
“Ever since William Bengen’s seminal SAFEMAX study, the financial planning industry has touted the 4% safe withdrawal rate as a rule set in stone. Is it the right number?”
Retirement Accounts Need Asset Allocations Too
Michael presents Proper Asset Allocation in Retirement posted at Financial Ramblings.
“It’s incredibly dangerous (imho) to apply hard and fast rules when it comes to things like asset allocation. There are a number of variables at play, and what’s right for one person might be completely wrong for another. In this article, I discuss some of the factors to consider.”
Where Can I Open a Retirement Account?
Rohit presents No-Fee Roth IRA Accounts posted at The Money Mail.
“Returns in your retirement account can be diminished by the fees the custodians charge. You should select accounts that have no minimum balance requirements or annual maintenance fees. Some brokerage houses are now offering many free mutual fund options within Roth IRA but you will still have to pay for individual stock transaction. Other than fees you should factor things like real time quotes and customer service in your decision making. In this article you will find details on the types of fees the custodians charge and a list of other factors to look at when selecting your Roth IRA account provider.”
Understand Annuities Before Ditching Them
Michael Kitces presents Strategies For Existing Variable Annuities With GLWB Or GMIB Riders posted at Nerd’s Eye View.
“While today’s variable annuities continue to get more expensive, many existing contracts with retirement income riders actually represent a great value… as a result, even if you wouldn’t buy an annuity in today’s marketplace, it may be a poor decision to get rid of an existing one without proper due diligence first!”
Debunking Some “Early Retirement” Myths
Darwin presents Extreme Early Retirement – Mainly a Myth Except for Hippies and Drifters posted at Darwin’s Money.
“Does ‘Extreme Early Retirement’ sound appealing to you? Of course it does! But when you read between the lines, there’s often more hype than reality behind the bloggers pitching it.”
Retirement Annuity Options
SB presents What to do With your Annuity Investment in Retirement Plan? posted at One Cent at a Time.
“You may not get the best return out of your annuity investment but, it is perhaps the safest retirement investment you could make. Learn how you can get out of annuity investment and if you should get of it.”
It’s Not Too Late to Save!
Jacob @ My Personal Finance Journey presents Making Up For Lost Time – A Late Starter’s Guide to Saving for Retirement posted at My Personal Finance Journey.
“Are you in your 40s or 50s and are realizing that you don’t have enough in retirement savings to get you very far? It’s never too late to invest for retirement; and this post describes some investment strategies to help you make up for lost time.”
It’s Important to Think About the Future
Girl Meets Debt presents Saving for Retirement Early: I Get It Now! posted at Girl Meets Debt.
“It is a given that most people know you are supposed to start saving for retirement early. The ambiguous part is how early?”
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Carnival images are by impressionistic artist Leonid Afremov using a palette knife and oils. They are used with his permission.
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