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Tag: retirement

US retirement village to have 'largest' self-driving taxi scheme

US retirement village to have 'largest' self-driving taxi scheme

Technology
One of America's largest retirement villages will have a fleet of self-driving taxis introduced next year.US firm Voyage said it will start rolling out the service at The Villages, Florida which is home to 125,000 senior residents.It said the scheme, spanning 750 miles of road, would be the "largest by area size" in the world.It comes as safety concerns about self-driving cars persist after testing problems and some accidents.Voyage already operates a handful of driverless taxis at another retirement community in San Jose, California, also called the Villages, but said it had begun testing vehicles in Florida ahead of a much larger roll-out. Once the scheme is fully operational, it said all residents would be able to summon a self-driving car using its mobile app. "[Then they can] travel ...
3 Value Stocks for Retirement

3 Value Stocks for Retirement

Finance
Investing in stocks during retirement might sound risky at first. However, you can minimize that risk by focusing on the highest-quality stocks selling at a discount to their true long-term value.Of course, finding those stocks is easier said than done. So we asked three top Motley Fool investors to each pick a value stock that they believe retirees can appreciate. Read on to learn why they chose Retail Opportunity Investments (NASDAQ: ROIC) , Walt Disney Co. (NYSE: DIS) , and Ford Motor (NYSE: F) .Image source: Getty Images.This REIT won't be retiring anytime soonSteve Symington (Retail Opportunity Investments): As a real estate investment trust ( REIT ), Retail Opportunity Investments is required to return at least 90% of its income to shareholders...
Here's why a variable annuity, warts and all, might be a right fit for your retirement plan

Here's why a variable annuity, warts and all, might be a right fit for your retirement plan

Finance
They're not what they used to be, but variable annuities are still a major retirement-planning tool for hundreds of thousands of Americans.These insurance contracts are reviled by many financial advisors for all the right reasons: They cost a lot, they're hard to understand and they're hard to undo once you've signed a contract. The same criticisms of variable annuity contracts, however, were valid before the financial crisis — and those contracts nonetheless helped many people survive the 50 percent plunge in the stock market."I had some clients whose retirements were saved because of [variable annuity] contracts they purchased before the financial crisis," said Marc Ruiz, a financial advisor with Oak Partners and a registered rep with SII Investments.The terms and prices of variable annu
These are the top risks that could derail a good retirement plan

These are the top risks that could derail a good retirement plan

Finance
Ask any experienced financial planner what causes a retirement plan to fail, and they will likely agree that it is never a result of bad portfolio returns. So if a poorly performing portfolio is not the problem, then what is? Some of the answers may surprise you. Here are examples of how life's circumstances can derail even the best retirement plan, and what to do to avoid, fix or repair it.With improvements in medical treatment and increases in longevity, an unexpected illness when you are in your 60s, 70s or 80s may drag on longer than it did just a decade ago. One of the first things you should do is to learn how your current employee benefits (or those of your spouse) work and understand how the employer treats retiree health benefits. What will be the implications of that plan in reti...
Surprise! Qualified retirement savings plan sponsors are, in fact, fiduciaries

Surprise! Qualified retirement savings plan sponsors are, in fact, fiduciaries

Finance
A 401(k) or any other qualified retirement savings plan is an extremely important part of overall financial planning for the long-term future. Participation in a qualified plan gives one a head-start on long-term financial security.The qualified plan not only provides a mechanism for saving, it also allows the money in the account to compound tax-deferred (or in the case of a Roth plan, tax-exempt). That means the earlier a person begins to participate in making contributions, the greater chance he or she has in amassing a substantial retirement account that may ultimately provide future financial independence.A high-quality advisory firm takes an active role in shaping clients' qualified plan portfolios, such as 401(k) plans, 403(b) plans, 457s, etc. The advisor looks at a client's overal...