Retirement planning is one of the most important financial decisions that responsible adults make during their life. The sooner you start planning, the less painful it will be in terms of how much of your income needs to be put aside to achieve your retirement goals.
One of the difficulties about saving for retirement, whether you start early or later in life, or if you are already retired, is that the goalposts (meaning your retirement needs) are always moving because of issues like:
- Rising costs of living
- Changes to government benefits
- Fluctuating investment market returns
- New investment products
- New technology
- Your health (including medical costs).
For these reasons it is wise to review your retirement needs at least once a year and to make use of suitably qualified advice to ensure you have covered all your bases.
The Motley Fool is one of the leading financial and investment platforms in the world, founded by renowned stock-picking experts Tom and David Gardner. It gathers all types of news, analysis, industry guidance, and professional guidance to help people make better financial decisions.
Their main product is called Stock Adviser and their stock picks have consistently outperformed the S & P 500 four times over. This has led to The Motley Fool becoming one of the world’s leading platforms for all kinds of financial advice, with over 1 million paying members.
What is the Rule Your Retirement Service?
This is one of The Motley Fool’s specialized services, targeted at individuals who want to learn how to retire smarter and sooner. It is suitable for anyone planning for retirement, and current retirees.
It provides actionable guidance and insights on various topics, including:
- choosing the right retirement account type,
- setting and achieving your retirement goals,
- finding the best companies to invest in,
- portfolio asset allocation,
- and more.
Rule Your Retirement (RYR) is run by Robert Brokamp, CFP®, a well-respected financial industry expert, and is delivered via a weekly newsletter and an online knowledge center.
There is plenty of free advice available on the internet and elsewhere about retirement planning, or you could find your own Certified Financial Panner to provide you with one-on-one face-to-face financial advice, so what are the benefits you get from paying a fee for advice from RYR?
This service addresses the most important retirement planning issues like:
- How much do I need to retire?
- How do I maximize my Social Security payout?
- Are annuities worth it as an investment?
- How to pay down debt?
You get information from a wide variety of sources which gives you access to a set of valuable tools. One of these tools is the model portfolios, structured to help the investor better navigate the stock market and make cost-efficient investments in indexed mutual funds and ETFs.
The Model Portfolios are based on these three scenarios:
- 10 years from retirement
- Within 10 years of retirement, and
- In retirement.
The model portfolios aim to help investors create the best investment mix with diversified risk tolerance. Each portfolio combines ETFs and Mutual Funds differently weighted in categories like large caps, mid-caps, small caps, international stocks, real estate, and bonds.
The platform grants you access to over 1,000 different topics and this is not a once-a-month communique, in 2021, over 100 articles were published. Content covered includes:
- Timeless concepts about the stock market
- Time-sensitive ideas
- Practicable insights
- Practical direction
- Current market activity and how to profit from it
- General investment strategy and stocks industries know-how,
- Portfolio management best practices
- How to ensure tax efficiency
- Saving tips and tricks,
- Estate planning
- Mortgage management
- Paying for college
- And much more.
The Motley Fool Rule Your Retirement Costs and Discount
The fee for this service is $149/year but currently, there are two discounts available.
- One year subscription is $99 (save $50), or
- Two years subscription is $149 (save 149 or 50%)
Your subscription is backed by a 30-day membership-fee-back guarantee. That way, new members can evaluate the content’s quality and how it fits your preferences to decide whether it is worth it.
Advantages of The Motley Fool Rule Your Retirement Service
- Easy-to-understand portfolio models
- Covers multiple retirement and personal finance topics
- 2 Years for the price of 1 promotion
Disadvantages of The Motley Fool Rule Your Retirement Service
- No historical performance results available for the portfolio models
Who is Best Suited to the Rule Your Retirement Service?
Because there is so much quality information provided on so many investment and retirement-related topics, this service is suitable for literally everyone.
Those who might gain the most from this service could be:
- Young professionals wishing to learn about investing and stock picking
- Middle-aged individuals who wish to focus on how to ensure the optimal contribution to their 401Ks
- Retirees wish to take advantage of health and management suggestions, and efficient planning of their finances.
Motley Fool Rule Your Retirement Review Summary
Retirement planning is worth it at any time. And when it comes to quality advice at an affordable price, Rule Your Retirement is a great choice.
RYR Members can access model portfolios along with rebalancing guidance, ETF and mutual fund recommendations, taxation and social security tips, tricks, strategies, and analysis, plus coverage of critical retirement topics.
To take a closer look at The Motley fool Rule Your Retirement service, just click on this link.