Among the best stories from Retirement Daily for March 30 - April 3: Stocks for volatile times, a retirement checklist, and how to rein in your monthly budget.
It wasn't all that long ago, writes adviser Walter Pardo in a guest column this week, that a retirement saver could put money in a savings account, buy some government bonds, collect a pension, Social Security, and Medicare and look forward to the tranquility of their retirement years.
But, he cautions, "Investors can no longer necessarily rely on traditional strategies to reach their financial goals. The current market and fiscal environment pose new hurdles for retirees and for those transitioning into retirement: unprecedented volatility, economic forces putting pressure on equity markets, the prospect of a resurgence in inflation and rising interest rates, all compounded by unfavorable demographic trends for most of the developed world."
Read more about Pardo's strategies for healthcare, income and Roth IRAs in Rethinking Retirement Planning.
And in case you missed them, here are some more great stories in Retirement Daily this week:
Long-term investors are searching for stocks that can best weather volatile times might consider those companies with the largest amount of cash as well those companies that have the highest cash-to-debt percentage.
Adviser Sandra Adams has a retirement date checklist to help you get ready to make the transition from full-time work to your next adventure.
A couple asks about government healthcare subsidies and health savings accounts.
A reader asks about which accounts and which investments they should start with.
Jeanette Pavini has real-world tips to get a tight grip on our monthly budget as we face a stressful financial future.
Sometimes you actually have to go to the Social Security office to get what you're looking for.
A spouse's age isn't the relevant factor in terms of whether you are eligible for benefits on their work record, says Mike Piper, CPA and author of the Oblivious Investor.