3 ETFs To Fund A Happy Retirement
April 18, 2016 at 06:45 AM EDT
They’re two deadly mistakes I see retirees—and non-retirees—make again and again: being seduced by so-called “safe” investments and overpaying on fees. Fees, in particular, can be a killer. A recent study found that even a 1% annual fee would pluck $70,000 from a typical worker’s retirement account over 40 years, compared to cheaper options. Luckily, cheaper options abound, thanks to the boom in exchange traded funds (ETFs). I’ll give you my three favorites in a moment. How a “Safe” Approach Can Ruin Your Retirement If your working career is over—or almost over—your advisor may be telling you to cut back on stocks, or exit the market entirely. I hope you’re ignoring that advice. That’s because fixed-income investments offer such pathetic yields—1.25% in the case of... Read more