When it comes to the top three reasons that retirement withdrawal strategies fail, the author of today’s article sees them as (1) sequence of return risk, (2) sequence of return risk and (3) sequence of return risk. How might sequence of return risk be a greater problem for retirement withdrawal strategies than even low average returns, how can you “get…
Whether you’re accumulating for retirement or spending down your accumulations in retirement, a plethora of financial tasks await you this year. Noting that “The myriad tasks associated with maintaining an organized financial life seem daunting in list form, but more manageable when spread throughout the year”, the author of today’s article outlines a month-by-month approach to tackling these tasks that…
Half a percentage point. That is what one assessment suggests to expect return-wise from a balanced U.S. stock and bond portfolio over the next 10 years (before fees and taxes!). So what would the effects of an era of “persistently low returns” be on retirement strategizing? Today’s article examines the implications for 401(k)s, annuities, Social Security, medical care, alternative investments…
“Today, we are at peak FIRE, perhaps similar to peak crypto reached in December 2017. Unfortunately, when you’re at the peak, there’s usually nowhere to go but down,” laments the author of today’s article, who warns that the FIRE (financial independence, retire early) movement “is in for a rude awakening” — and poised to be overtaken by a new retirement…
How do you keep your retirement from becoming compromised due to a decline in the stock market close to your retirement? This is the question the author of today’s article gave some thought to after his uncle, who is planning on retiring in 2019, lost around 30% of the value of his portfolio in a matter of weeks thanks to…
If you want to arrive safely at your destination, you need to check your blind spots along the way – and this remains true even when the “destination” in question is financial independence. In today’s article, the author outlines several common “financial blind spots” he has observed which can, if not checked, have significant repercussions for your journey to financial…
In regards to the FIRE (financial independence/retire early) movement, the author of today’s article notes that while “there are lots of moving parts…one crucial step toward achieving that coveted status is as easy to understand as it is difficult to execute” – and that crucial step is depicted in chart form in the article. For what this step is –…
The average household run by a retirement-age person (someone 65 or older) spends only $1,000 less each month than the average U.S. household. Surprised spending does not decrease more in retirement? In order to help you better plan your retirement finances today’s article breaks down the monthly spending of the average household run by a retirement-age person into seven categories.…
“The American dream of a modest retirement after a lifetime of work now is a middle-class nightmare.” So concludes the author of a recent report from the National Institute on Retirement Security – and the author of today’s article expands on this conclusion, looking at just how retirement in America has gotten to this unfortunately place and how, “If the…
If you are preparing to retire next year, today’s article provides an overview of critical considerations, including matters relating to retirement expenses, health care (the “often-overlooked” retirement cost), Social Security strategizing, income strategies (and the tax implications of those income strategies), portfolio risk – and preparing emotionally for retirement as well as financially. For more, CLICK HERE.