Since 2020 members of the Ruedi Wealth team have been writing weekly investing and retirement planning columns for our local newspaper, The News-Gazette.
If you want to chip away at a monumental savings goal like funding a retirement, you can’t simply hope to save here and there when it is convenient. It won’t be done in a single year or lump sum. You will need to plan for years or decades of consistent saving before you notice any material progress towards such a big goal.
There are only a handful key factors that determine what type of an investment experience people have and whether or not they are successful as an investors.
There are several things you can do in advance to prevent an interruption in income from derailing your finances.
What happens if you do everything right to prepare for retirement, only to get unlucky with below-average stock returns during retirement?
Next time you are tempted to change your investment portfolio based on something you heard on the news or read in a financial journal, ask yourself the following question, "Am I the only one who knows this?" The answer is most likely no, and you probably should leave your portfolio as it is.
Fortunately, despite all the moving parts, the options couples have for claiming Social Security are actually less complicated than most would think.