Retirement planning can be devilishly difficult. It requires you to think about what your life will look like many years ahead, trade-off spending today for spending in the future and, at some level, face mortality – all endeavors most of us would rather avoid. One of the biggest challenges is forecasting your spending. A standard […]
Retirement Planning
Who’s In Your Corner?
The U.S. Department of Labor recently issued a new Rule for advisors dealing with retirement accounts. Some background is in order here. Advisors are held to a legal standard of conduct when dealing with investors. But different advisors are held to different standards. Registered Investment Advisors (RIAs) which we are, are held to a “fiduciary” […]
Stop Freaking Out About Retirement…
This does not come from some rose colored glasses, “The future is copacetic” kind of article. It comes from ConsumerReports, a pretty sober and practical publication. We have all read the stories that Americans are not saving enough and it’s probably true. It is estimated that 14% of Americans over 65 have no retirement savings […]
You Can Retire Very Comfortably If
The ending of the title sentence here is . . . if you start saving when you’re young. Yes, the big secret to being able to retire comfortably is no secret at all, but the remarkably simple directive to start saving early. Get on a program of regularly socking away a percentage of your paycheck […]
Retirement Planning By The Numbers
For many people, the retirement world is a foreign place full of unfamiliar concepts and terminology. To help navigate the often complex range of retirement related decisions, financial planners have come up with a number of statistics. A review of some of these guidelines along with a few other related metrics follows. 80% How Much […]
