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Do’s and Don’ts of Dividend Investing for Retirement

If you’re investing for retirement for the long-term with an eye on increasing your income streams, dividend stocks may be the answer.

“Dividend investments have become desirable for retirees in the past six years, with declining interest rates and a choppy stock market,” says Nicholas Yrizarry, CEO of Yrizarry Wealth Management Group in Laguna Beach, California. Read More…

 

USAToday

USA Today – 7 tips to make retirement savings last.

Nicholas weighed in with his tips, and addressed having a rainy day fund that is not all cash. “Money in cash is a negative investment. There is no return after taxes and inflation. Be careful not to put too much money in cash,” he offered. He also covered why investors should consider an annuity — “You’ve sheltered yourself from longevity risk. People are living longer. I suggest people insure that risk.” Read More…

 

WashingtonPost

What to do with a cash windfall.

Stacy Rapacon discusses what to do with extra money from her wedding, or any cash windfall. Nicholas Yrizarry explains the difference between good and bad debt, and Stacy lists many different companies and investments appropriate for short-term savings. Read More…

 

Kiplinger

5 Ways to Spend a Financial Windfall.

Stacy Rapacon quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group, on five ways to spend a financial windfall. Yrizarry lends that it’s important to first look at the financial picture at large and then allocate assets accordingly. “What we tend to do is focus on one aspect of our finances and forget about the others,” says Yrizarry. “That’s what gets us in trouble.” Read More…

 

CNBC

Pay Mortgage vs. Buy Stocks

CNBC Power Lunch discusses the pros and cons of keeping a mortgage in retirement with Nicholas Yrizarry, founder and president of Nicholas Yrizarry Wealth Management Group. Yrizarry offers his perspective on the advantages of paying off a mortgage before retirement including the psychological, investment and tax benefits of not carrying a mortgage into your golden years. Watch Video…

 

MailTribune

Avoid emotional responses that can trigger poor choices.

The Mail Tribune picks up an article by Veronica Dagher of The Wall Street Journal who quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on psychological biases affecting financial decisions. Yrizarry suggests investors put greater emphasis on other areas of their life—such as their families and good health, to put things in perspective and lessen anxiety. “It’s impossible to see yourself when you’re the movie,” says Yrizarry. Read More…

 

Bankrate

A college investment plan for all ages.

Sheyna Steiner of Bankrate.com quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on college investment savings at any age. Yrizarry offers it’s not necessary to kill yourself trying to save the entire cost of college. “The greatest thing that a parent can do — and this is from a parent — is to make your children invest themselves in the college experience and make them pay some…,” says Yrizarry. Read More…

 

WallStreetJournal

Control Yourself.

Veronica Dagher of The Wall Street Journal quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on psychological biases affecting financial decisions. Yrizarry suggests investors put greater emphasis on other areas of their life—such as their families and good health, to put things in perspective and lessen anxiety. “It’s impossible to see yourself when you’re the movie,” says Yrizarry. Read More…

 

Kiplinger

Salvage Your College Savings.

Jane Bennett Clark of Kiplinger’s Personal Finance quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on salvaging a 529 college savings plan. Yrizarry offers that families with young kids are safe sticking with stocks. “Some families can’t believe their portfolios are down 50%, but their children are 4 or 5. That horizon will work,” says Yrizarry. Read More…

 

WashingtonPost

The Bank of Mom & Dad.

Ylan Mui of The Washington Post quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on family lending to purchase a home. Yrizarry offers that many families fail to consider truly worst-case scenarios, such as a layoff, divorce or disability. “In the case of family matters, one must have discipline upfront . . . rather than having pain of regret later.” Read More…

 

SavingForCollege

6 strategies for 529 plan withdrawals.

Amy Buttell of SavingforCollege.com quotes Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on strategies for withdrawing from a 529 savings plan. Yrizarry offers that above all, investors must stay calm. “The way to relieve the stress associated with college funding is to realize that colleges are cognizant of the bad economy and they are, in many cases, willing to renegotiate financial aid packages if the parent isn’t able to meet their obligation to pay the bill on time,” says Yrizarry. Read More…

 

Kiplinger

Trim With Care When Selling Stocks.

Rachel Sheedy of Kiplinger’s Retirement Report interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on stock selling strategies. Yrizarry explains that the markets may have done much of the reallocation work for investors, but if they want to reduce stock holdings further, it’s best to trim gradually. Read More…

 

WashingtonPost

Fear, Stress, Anxiety: A Global Recession’s Personal Economics.

Nancy Trejos of The Washington Post interviews Nicholas Yrizarry, founder and president of Nicholas Yrizarry & Associates, on how investors are psycholgically coping with the recession. Yrizarry comments that for some time, “people were riding a false wave,” and spending too much money. Read More…

 

ThinkAdvisor

Centered

Robert Keane of Investment Advisor features Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on the emotional distress the down market is causing investors and how to keep clients invested. Yrizarry offers that clients need reassuring and that their confidence in the market is all that matters in the end. “I think what differentiates my clients’ perspective from others is that they have a tremendous amount of faith in what we’re doing,” says Yrizarry. Read More…

 

WashingtonPost

For Many Seniors, an Ominous Retirement-Account Deadline.

Nancy Trejos of The Washington Post features Nicholas Yrizarry, founder of Nicholas Yrizarry & Associates, on 401(k) requirements and investment options for seniors. Yrizarry comments that some providers offer options to take your required minimum distribution as shares from funds rather than in cash. “It wouldn’t hurt to ask,” says Yrizarry. Read More…