7 Things You Need to Know Before Retiring with $500,000

Last updated Aug. 31, 2023 | By FinanceBuzz Editors
$1,000 in Checking Account

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If you have $500,000+, an unstable economy can feel like a threat to your financial security and retirement. But it doesn’t have to be. With this guide, you’ll learn straightforward moves to help you survive and thrive in an uncertain market, so you can protect your wealth and achieve your financial goals.

Take this quiz to get matched with a financial advisor to help you thrive in a recession

If your investments and retirement accounts are more than $500,000, compare up to 3 fiduciary financial advisors who serve your area and hire the pro who fits your unique needs.

A study by legendary investment firm Vanguard found that, on average, a $500,000 investment over 25 years would grow to $1.7 million if you manage it yourself, but more than $3.4 million if you enlist professional help.

Here’s how to find a financial advisor in the next five minutes:

1. Take this 5-minute retirement quiz from SmartAsset. (Yes, there are a fair amount of questions but they are all easy.)
2. Make sure you enter your zip code towards the end so you get matched with up to three financial advisors1 who serve your area.
3. Once you’ve got your matches, get a free consultation with each!

Take this retirement quiz

See what happens if you allocate 5% of your portfolio to art

The ultra-rich have been buying and selling blue-chip art as a “side hustle” for centuries, creating a $1.7 trillion asset class in the process.

Every day investors on this platform have used the same process to earn proceeds from more than $45 million in sales of blue-chip art. Investors have realized net annualized returns of up to 17.8% (672 days held), 21.5% (638 days held), and even 35% (686 days held).2 All exits are from 2019 to the present.

It’s all possible thanks to Masterworks, the nearly $1 billion AUM platform for art investing. By qualifying every offering with the SEC, Masterworks has unlocked this market for every day, savvy investors — not just the ultra-rich — at a fraction of the cost.

While past performance is not always indicative of future results, this doable “side hustle” is accessible to you today, and could be a good fit if you’re looking to invest around $10,000.

Join ASAP: New opportunities can sell out in just minutes, but Financebuzz readers can skip the waitlist at the link below.

Access their latest offerings before they sell out

Earn $200 cash back bonus with this incredible card

There's a credit card that's making waves with its amazing bonus and benefits. The Citi Custom Cash® Card has no annual fee and you can earn $200 cash back after spending $1,500 in purchases in the first 6 months.

The Custom Cash Card puts cash rewards back into your wallet. Cardholders can earn up to 5% cash back — easy! Earn 5% cash back in your top eligible spending category each billing cycle (up to the first $500 spent, then 1% cash back), plus unlimited 1% cash back on all other purchases. That's one of the best cash rewards options available.

This card also offers an intro APR of 0% for 15 months on purchases and qualifying balance transfers (then 19.24% - 29.24% (Variable)). Which is great for someone who wants a break from high interest rates, while still earning rewards.

The best part? There's no annual fee.

Click here to apply now for the Citi Custom Cash® Card(Rates and fees).

Diversify your portfolio with this rare, highly-desirable asset class

The wealthiest Americans understand something about investing that many others don’t … The power of diversifying in alternative assets with low stock market correlation.

One such asset that’s been getting a lot of attention lately — especially from outlets like Forbes, Benzinga, and the Wall Street Journalis fine wine and rare spirits, offered through Vint.

Over 121 years, fine wine has returned an average of 8.5% annually, meaning it could be a strong complement to art, real estate, and traditional equities — all of which wine is not closely correlated with.3

Join Vint today alongside thousands of others investing in this asset class already. It’s the only platform dedicated to bringing you SEC-qualified offerings of fine wine and rare spirits.

Even better: Vint makes it possible to invest in fractional shares (via securitizing the assets) so you don’t have to own the entire asset outright. This allows you to gain access to bottles worth $130,000 or more with as little as $100 … giving you access to investment opportunities that are normally out of reach.

Offerings through Vint are limited, and they’ve already sold out 60+ collections. The sooner you join the platform, the sooner you can get access to this rare asset class.

Discover Vint’s rare wine and spirit offerings

Pay no interest on balance transfers until June 2025

Imagine getting 21 months with 0% interest on a balance transfer. Sounds great — right? You could dramatically change your financial picture with this industry-leading low-interest card - the Citi® Diamond Preferred® Card(Rates and fees).

If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR on balance transfers for 21 months. Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!

It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for 12 months on purchases. After the intro period for purchases and balance transfers, the APR is 18.24% - 28.99% (Variable).

The best part? There's no annual fee.

Click here to Apply Now

Lock in an incredible 5.25% APY with a secure term

Capitalizing on soaring interest rates, unlike anything we've seen in decades, is a move even the savviest market watchers can't afford to miss.

With a 15-Month CD from Blue Federal, you can secure an impressive 5.25% APY5 , one of the highest we’ve seen. Unlike a high-yield savings account — where rates can change at any time — a certificate of deposit locks in this high rate for the entire term.

Less volatile than the stock market, Blue Federal’s 15-Month CD offers a stable return on your initial deposit. Plus, it is federally insured by the National Credit Union’s Administration (NCUA), has zero fees, and requires only a $1 minimum to open.

Help protect your wealth from stock market volatility here

If your investments and retirement accounts are more than $500,000, hire a pro and compare up to 3 fiduciary financial advisors who serve your area based on your unique needs. Click your state to see if you're maximizing your retirement income.
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