It isn’t enough to simply make sure that you invest. The secret of how to retire in today’s environment is all about knowing where exactly to invest your assets at any given time. Whatever money you have in tax-deferred accounts, like your IRA or your 401(k), you need to make sure that you invest it so that you get the best after-tax income possible. Whatever fixed income investments you have, those are certainly going to be subject to income tax; they should be in your tax-deferred account. Any equity investments you have that you’ll be paying dividend income taxes on, you should put in your taxable account.
Though the investing for retirement advice you find online might work out at first, how do you know when to switch gears and go another direction? You don’t really, unless you are a financial planner, and most of us are not. This is another good reason to go with a real person. Their investing advice might change from day to day, and they are more likely to be able to tell you what to do next. What was working well for you might suddenly change into something you may not want to be involved with. A good financial planner will spot that long before you do.
When going for investing for retirement advice, make sure you take your time to find the person who seems to click with what you want to do. Make sure they are truly listening to what you have to say, and they are not just interested in what they get out of the deal. Though they will get money for their help and investing advice, there are many who see far beyond that. They truly feel good about helping people reach their goals. Those are the ones you want to keep. Look around until you find such a person. Once you find them you will know it immediately. Talking to them will be exciting, and you will be able to see your dreams unfold before you.
And finally, the new rules on how to retire today require that you hedge your bets with guaranteed investments alongside of everything else. What are guaranteed investments? They are things like Treasury Inflation Protected Securities, Index CDs and the like. You get a guarantee that you will be paid an annuity for as long as you live. And that is a guarantee that is hard to pass up on.
More coming soon!
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