retirement Archives - Runnymede Capital Management

What does smart money think of China? [video]

US investors have an estimated 2% in China stocks but should it be higher? Instead of reading the headlines, let's take a look at what the smart money is doing… with their kids.

Why You Do Not Have to Take an RMD in 2020 [video]

The CARES Act passed by Congress in March provided stimulus money to millions of Americans, and it also gave retirees a reprieve from having to take mandatory annual withdrawals from their retirement savings, including 401(k) plans and individual retirement accounts.

Will #YOLO Ruin Your Retirement? It Doesn’t Have to.

Many lifestyle gurus have sold the idea of living for the moment and that we should only do that which makes us feel good. Looking at Instagram and you'll find 27.8 million pictures with the hashtag #YOLO, the acronym for “you only live once.” This phrase indicates a desire to live in the moment, and in extreme circumstances as an excuse for bad or risky behavior.

It sounds alluring until you look at the data about retirement-readiness. According to the Bankrate.com 2018 Retirement Savings survey, 42 percent of Americans have less than $10,000 saved. That means an alarmingly high number of people will go broke and outlive their money. It is evident that a YOLO approach to life gets complicated when it comes to money.