Too Swinging For Sanity? newsweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweek.com Daily Mail and Mail on Sunday newspapers.
Military.com
The federal government-sponsored Thrift Savings Plan (TSP) began offering lifecycle funds in 2005 as a choice for those interested in saving for retirement. Some 75,000 members of the uniformed services (and 300,000 total federal government employees) now invest in the TSP s lifecycle or L Funds. These funds offer a number of benefits, but it s important to know what you re getting into before you invest.
Lifecycle funds typically make investment mixes, or allocations, based on a target retirement date such as 2020, 2030, etc. when you will need to use the money in your TSP account. If that date is a long time from now, the lifecycle fund will be more heavily weighted toward stocks or stock mutual funds. But as the date approaches when you will need your money, the investment mix will become weighted more heavily toward fixed-income or stable value investments, including bonds or bond funds and Treasury securities. This gradual shift to more conservat
Updated: Oct. 6, 2020, 2:17 p.m.
Retirement is the No. 1 financial goal of most Americans. But for many people, that goal is seemingly based more on aspiration than actual action. According to the Center for Retirement Research at Boston College, approximately half of those who retire at age 65 will be unable to maintain their preretirement lifestyle.
We know you want to be in the
other half. Here’s how.
1. Save 15% a Year.
The old rule of thumb used to be that you could fund a stable retirement by saving 10% of household income annually. However, some experts instead advise upping that to 15%.
An assortment of factors such as longer life expectancies, possible lower future investment returns, and the demise of the pension require workers to shovel more cash into their accounts.
Longtime gold bashers are gloating over the precious metal’s recent price slump. Gold prices have declined more than 10% in the first quarter of 2021. But the perma-bears shouldn’t feel vindicated. After all, anyone who heeded their advice missed out on gold’s record run in 2020 – and on many years of outperformance since 2001.
While gold bugs are often accused of having an unhealthy obsession with the metal, the “anti-gold” bugs reveal a deep-seated bias that can only be explained as irrational or dishonest.
Financial Advisers Don’t Get Fees Recommending Physical Gold
It’s no mystery why many who work in the financial industry hate gold. They are in the business of pushing paper assets, and physical precious metals held outside of bank and brokerage accounts generate no fees for them.
Inflation strategy: Conditions look ripe for a new commodities supercycle ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.