We’re heading into the weekend here with a Friday edition of Top Links! Be sure to check out the Mullooly Asset Management podcast with a new episode dropping TODAY. You can find every episode here!
Here’s what I’ve been reading this morning:
‘What is Your Retirement Savings Goal?’ – Mullooly Asset Show
- Casey discusses how much is enough to live on in retirement. It’s important for you to have a personalized retirement goal and not get sucked in to some round number. Casey covers multiple guidelines we often come across. But there is really only way to determine what you will need in retirement.
‘Backtests are Unemotional. Humans are Not’ – Ben Carlson – A Wealth of Common Sense
- Backtests are a useful tool for investors if you know what their capabilities and limitations are. Ben writes in this post how while useful, those tests can sometimes forget to add in the human element of investing along the way.
‘A SIMPLE IRA May Be Easier and Less Costly Than a 401(k)’ – Greg Iacurci – CNBC
- Employers generally want to do right by their employees, and a retirement plan at work is a great way to do that. However, a 401(k) plan may be too expensive for a lot of businesses. This article outlines how a SIMPLE IRA can be a good stepping stone.
‘The Doomsday Machine’ – Tony Isola – A Teachable Moment
- Two industries that are supposed to make our lives better, here in the US, seem to make things worse. Tony outlines how our healthcare and financial services sectors are failing individuals every day.