If you are a high-income professional, saving for retirement can be more of a challenge than some may think.
In 2016 the income limit applied to defined contribution plans was $265,000, so if you earn more than that and you want to maintain the lifestyle in retirement that you have enjoyed pre-retirement, then it will be important to take advantage of the following strategies to ensure you are saving enough to meet your goals.
Popular culture often takes an “us vs. them” attitude toward technology. Think about the menacing messages of 2001: A Space Odyssey, Blade Runner or Terminator. Machines are bad and want to take over; people are good and must control them. In real life, though, technology isn’t nearly so scary — unless, of course, you’re worried a robot will take away your job. I’m not. Though some may see the growing popularity of so-called “robo-advisers” as a threat to financial professionals, I’m embracing this method of investing as a way to further diversify a client’s portfolio and look out for his or her best interests.
Michael Andersen Featured in Kiplinger | Investors: Keep Your Guard Up and Be Ready for a Bear Market
The good times have been rolling for so long that it's easy to forget the sting a downturn can deliver. Those close to retirement can least afford to be lulled into a false sense of security. Here's what they should be doing right now.
Anyone who has been married for a long time knows that there are ups and downs. As is the case with any meaningful relationship, you do not always see eye to eye in every circumstance. Sometimes, that results in a disagreement, but usually, you end up working it out, compromising, or at the very least agreeing to disagree.
When it comes to transitioning to retirement, a fair amount of strain can be put on even the happiest of marriages. With any major life change, there comes an adjustment period and a time to manage your expectations and reach compromises with your spouse about what you see your retirement looking like.
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