Welcome to the round-up!

Below are the posts we read, found interesting and loved this week for a variety of reasons. They are inspiring and thought-provoking and we’d like to share them with you.

New York Times

How to Make Your Money Last as Long as You Do

How long will you live? This article describes the problem of longevity and retirement savings eloquently but fails in prescribing a real solution. The solutions discussed are very general and don’t really live up to the title of the article. The author recommends working longer if possible along with several other tweaks you can make including considering an annuity and “budgeting your expenses.”

If you’d like some solid solutions that address your specific retirement situation join our community by signing up on the mailing list.

Check out two of our popular articles:

Yes, You Can Start A Business And Keep Your Job

Mind the Gap Then Fund The Gap

 

Think Advisor

Now You Need Even More Money For Health Care In Retirement

From the article:

The Employee Benefit Research Institute increased its projections for how much retirees will need to save to pay for health care in retirement. In an EBRI Notes article released in late January, the organization found that a 65-year-old couple may need nearly $350,000 to have a 90% chance of covering their health care expenses in retirement.

These are just health care expenses. The article states that a sixty-five year old man will need $127,000 just to cover prescriptions. Some of this cost will be covered by insurance, some won’t. This number is only going to go up as are health care costs. You can almost pick any number, because it’s not affordable. Are you on track with your retirement savings to cover the rising healthcare costs?  Find a way to work around this. Think of how much longer your retirement savings would last if you chose to retire outside the US. We cover this extensively on the blog in our living abroad section. Check it out!

 

Bloomberg

Buffett Says 100 Billion Wasted Trying To Beat The Market

Warren Buffett covered investment fees in his annual letter.

From the article:

According to Buffett:

“When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients,” he wrote. “Both large and small investors should stick with low-cost index funds.”

We agree! The number one killer of returns is the fees.  Index it and forget it!

 

The Earth Awaits

Discover a World of Adventure

I wanted to take the time to recommend a new site we found this week. If you’re considering retiring overseas or just working there for a few years, this site is your new best friend. You start with your total budget, narrow it down by the continent(s) you’re willing to live on and other important factors like crime rates, lifestyle and pollution and The Earth Awaits shows you cities that match your specifications. If you’re open minded, this cost of living calculator site gives you a lot of new cities and options to think about. Try it out!

Have a great week!

Ian Bond

Facebooktwittermail

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.