Seven Deadly Sins of Wealth Management, Add Home Equity to Retirement Income Planning, Make Your Money Last With Stable Income Strategies

Should You Take Your Pension as a Lump Sum? | How to Add Home Equity to Retirement Income Planning | The Seven Deadly Sins of Wealth Management Created for {EMAIL} | [Web Version]( June 9, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Financial Planning [] [Should You Take Your Pension as a Lump Sum?]( [Should You Take Your Pension as a Lump Sum?]( (Getty Images) The answer depends on multiple factors, according to financial planner Joe F. Schmitz, such as what your [alternative investment options]( would be, whether you want to leave money to a beneficiary and more. [] Real Estate [] [How to Add Home Equity to Retirement Income Planning]( [How to Add Home Equity to Retirement Income Planning]( (Getty Images) Home equity is sometimes overlooked as a [viable resource in retirement](. You don't have to sell your home to find income and liquidity. Investment adviser Jerry Golden explains how. [Vanguard vs. Fidelity vs. Schwab]( Who are you partnered with? It's no secret these could be considered three of the most popular brokerage firms. But they stack up slightly differently when it comes to fees and their specific suite of services. Learn more about who should work with Vanguard, Fidelity, and Schwab. [Learn more]( ADVERTISEMENT [] Retirement Planning [] [The Seven Deadly Sins of Wealth Management]( [The Seven Deadly Sins of Wealth Management]( (Getty Images) If you [want a happy retirement](, it's critical to pay attention to these 'sins,' courtesy of financial professional Joe Maier. Ignoring even one could put your dream retirement at risk. [] Family Matters [] [Four Things You Need to Know About Your Aging Parents]( Financial planner Leila Evans notes that when it comes to estate planning for your aging parents, knowledge about their wishes and finances is power. [Read More]( [How to Earn a Tax-Advantaged 10% Dividend Yield]( The average annual return of commercial real estate over 20 years is roughly 9.5%, nearly 1% greater than the S&P 500's average annual return of 8.6%. The CRE Income Fund pays an annual 10% dividend yield and is a long-term strategy that returns over $25,000 for every $10,000 invested over the next ten years. [READ MORE]( ADVERTISEMENT [] Saving for Retirement [] [Make Your Money Last With Stable Income Strategies]( To avoid running out of money in retirement, you need to be able to generate reliable income -- without relying on Social Security. Passive income, financial professional Joel V. Russo points out, is the key. [Read More]( [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. 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