What strategies can you use, beyond patience, to better ensure your retirement security after a brutal January?
One way of thinking we have not covered much here is using dividend paying stocks to generate income and provide retirement security. Retirement Strategy: Hopefully, This Will be Easy Enough for Even a Novice Investor to Understand Scrap the 4% Retirement Rule, Buy Dividend Stocks with a 4% Yield Instead
On that note, here is a long, but useful article about the “4% rule.” It’s a good read if someone is selling you on the concept. Why 4% Could Fail
If you want to step out there on your own (which I don’t advise), this is an interesting template of an idea. Earn 6.7% on cash with a decent chance to buy ExxonMobil under $60
Here is some more clarity on tax and Social Security law changes for 2016, too. Tax Law Changes Affecting Your Clients 2 Social Security changes and their effect on retirement income The impressive income tax benefits of $5M+ lifetime gift exemptions
So, what are the tea leaves saying? Let’s take a quick cruise around the web on that topic.
We have looked at this before, and it has not gotten any better. Baltic Dry Index falls to lowest level in history Thoughts on Maritime Trade and the Global Economy What if the Imploding Baltic Dry Index Really Does Reflect Global Trade After All
Then, of course, there is China. China’s banking crisis looms like Banquo’s ghost in Davos and China PMI Misses Some of the biggest hedge fund names in the world are loading up on bets against China’s currency
South Korea’s economy is sputtering, too. South Korea’s Exports Dropped the Most Since the Global Recession
Still one of our biggest trading partners, Japan, joined the negative interest rate club, too. BOJ Shock to Pressure Central Banks
Now here’s one you probably have not heard in a while, Venezuela. Of course, Venezuela, like many others, is an oil driven economy. This is What the Death of a Nation Looks Like: Venezuela Prepares for 720% Hyperinflation
Then, there’s US. The Chart That Explains Everything