AAII Survey: Premarital Financial Discussions

My housemate loves watching reality television, which means I get to watch a lot of reality programming. Her favorites include, and please don’t judge, The Bachelor, The Bachelorette and Married at First Sight. As a finance guy, some of the more interesting conversations that happen on these shows are usually the most awkward: the financial…

 

Gauging Your Psychological Readiness for Retirement

Those near retirement should ask themselves a very important question: Am I psychologically ready to change my lifestyle from being employed full-time to being retired? It’s a big question that often does not receive much attention. Rather, most of the focus on retirement readiness centers on savings. Workers are commonly told to ensure that they…

 

Retirement Planning: A Step-By-Step Approach

It’s complicated, it requires detailed work—but it’s all right here in a how-to-do-it format. So, get out your calculators (one that can solve for exponentials) … More than any single factor, money will determine when people will retire and the type of lifestyle they will have during retirement. This article is designed to help you…

 

Tax-Effective Ways to Make Charitable Donations

Today is Giving Tuesday, a day designated to promote donations to charitable organizations. Donating to charity is first and foremost an act of altruism. The tax code rewards such acts. The tax code allows those who itemize to deduct donations to qualified charitable organizations. Receipts are required for all cash contributions. Contributions of $250 or…

 

Dividends Are Still Valuable

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Cash Dividend Types, Dates and Taxes Though most investors know that a cash dividend is the distribution of money to shareholders, dividend terminology is not as well-understood. Terminology such as ordinary dividend, special dividend, ex-dividend and record date has unique and important meanings investors…

 

When Should You Begin Collecting Social Security Benefits?

This article originally appeared in the October 2013 issue of the AAII Journal. There are many complex rules governing Social Security benefits. However, four key points can help you make an informed decision about when to claim benefits. To simplify the discussion, several assumptions are made: your Social Security benefits would not be affected by…

 

The Factors to Include on Your Retirement Readiness Checklist

A new study is highly critical of the retirement planning tools available online. The authors, including financial planning expert Harold Evensky, called the advice provided from the majority of these tools “extremely misleading.” We discuss the study in the online version of the March AAII Journal, which will be posted on AAII.com next week. For…

 

Members Holding Portfolios Steady or Buying Stocks

January’s Asset Allocation Survey special question asked AAII members what, if any, allocation changes they plan to make this year. Nearly one-third of all respondents (32%) said they either are not intending to make any changes or will rebalance their portfolios as necessary. Many of these respondents indicated that they are following long-term strategies. Slightly…