Here are some of the most read, most shared posts on Retirement from around the web in 2016. The articles reflect what people are thinking about and concerned about when it comes to retirement. We wanted to make sure you didn’t miss any of them before moving on to 2017.
INVESTOPEDIA 8 Countries Where $200K in Retirement Savings Will Last 30 Years
What We Think:
Our staff has spent time in most all of these countries. This is a solid list of places that offer a good lifestyle for retirees.
Retirement Plans: Last Week Tonight with John Oliver (HBO)
What We Think:
John Oliver’s attempt to educate us on the difference between a Financial Advisor and a Fiduciary made us laugh. We’d like to think the public came away a little more educated as well.
How to Improve Your Retirement Income if You Haven’t Saved
Mark Miller for the New York Times profiles Financial Planner Michael Kitces and what Kitces recommend for clients who haven’t saved.
What We Think:
This is a good DON’T GIVE UP article. There’s time left. There are still options and specific things you can do to salvage your retirement and boost your savings even if you’re late to the game. This is what My Retirement Rehab is about.
How much money you need to save each day to become a millionaire by age 65
An overview of how much you could have saved when you retire proposed by author David Bach of Smart Couples Finish Rich and discussed by Mike Nudelman and Tanza Loudenback.
What We Think:
This article is an oversimplification that implies tucking away your $4 latte money each day with a 12% return equals a carefree retirement. All you need to do is start saving when you’re young. While the authors of the article do mention 12% is a high rate of return we think this article and the graphic below is unrealistic and misleading.
Per our own Ian Bond:
“Expecting a 12% return is “DELUSIONAL!” Public pension plans have access to the sexiest opportunities on the planet and have a tremendous advantage to be longer term focused. Like New York State, they are all reducing presumed long-term return assumptions from 7.5-8% to 7-7.5%. This will go lower after 2016, since bonds had a negative return.
This assumption is either a mistake or horribly out of touch!”
From Business Insider:
4 Benefits of Having an Alternative Place to Retire
Job Loss Affects You Beyond The Bank Account
Why Corporate Job Security is a Myth
How My Wife and I Paid Off $62,000 in Debt in 7 Months Making Sense of Cents
How to Apply the “Debt Snowball” to Acquiring Online Businesses Empire Flippers
How Entrepreneurs Get Comfortable With Being Uncomfortable Entrepreneur
Why The Trump Bump? My Money Counselor
Here are the year-end round-ups we love.
Freedom Is Groovy
Retirement Manifesto
Retirement Journeys
Are you on Twitter? We’ve started a Must Read Retirement reading list. Let’s connect on there! @retirementrehab You can follow the list here.
We’d love your thoughts on this post and invite you to comment.
We wish the best for you and your retirement plans for 2017.
Ian Bond and the My Retirement Rehab Staff