Retirement
What Is An Annuity?
May 13, 2008 :: Retirement :: 7 Comments
I've heard about annuity before, but didn't really know what it is until I read a Fidelity newsletter over the weekend. I thought the information provided was very good so, I am going to share what I learned here. Annuities Annuities are insurance products designed to help you invest for retirement ...
7 Money Management Tips for Seniors (GP)
April 9, 2008 :: Retirement :: 5 Comments
Many of us are working toward a comfortable retirement so that we can relax and enjoy our golden years. Money experts often give advice on how to reduce debt and retire early, yet they overlook the people who have already reached retirement age. There are plenty of seniors who are ...
10 Ideas To Retire On Less (Reprint)
March 6, 2008 :: Retirement :: 14 Comments
In "Determine Your Retirement Needs In 3 Easy Steps," I demonstrated a way to estimate retirement savings need. When I discussed this with my wife, she asked, "what if we don't save enough?" After giving it some thought, here are some ideas on how to retire with less money. Adjust your ...
A Deeper Look at the 80% Retirement Rule
December 18, 2007 :: Retirement :: 13 Comments
In Using Simple Rules to Predict your Retirement Needs, I passively mentioned using 80% rule to calculate retirement needs. You may have heard this rule before; here is a variation of it: "You need 80% of your pre-retirement income during your retirement." A Bit of Reality Now, that statement is just a ...
Using Simple Rules to Predict your Retirement Needs
December 6, 2007 :: Retirement :: 9 Comments
In prior posts, I shared some financial math tricks and demonstrated a quick way to calculate your retirement needs. Now I am going to put the two together and use these rules, along with some historical inflation data, to give you a quick estimate of annual income needed for ...
What’s Wrong with this 401k Asset Allocation?
November 14, 2007 :: Retirement :: 19 Comments
Recently I spoke to a friend about his retirement savings, and we ended up looking at his 401k portfolio. Although he isn't able to contribute the maximum amount each year, he contributes enough to take full advantage of the company match. However, when I looked at his investment ...
Changing My 401k Asset Allocation
October 10, 2007 :: Retirement :: 15 Comments
My 401k portfolio is too aggressive. I have been reading a few books (e.g., The Intelligent Investor by Benjamin Graham and Wise Investing Made Simple by Larry E. Swedroe), including many web sites. I am now at a point where I think 100% equity asset allocation for my 401k is ...
Determine Your Retirement Needs In 3 Easy Steps
September 24, 2007 :: Retirement :: 11 Comments
There are a lot of sites that help you determine how much you need to save for retirement to maintain your lifestyle. I have never been comfortable with them because they usually don't share the logic behind their calculation. So I came up with the following 3 easy ...
Financial Independence Illustrated
August 31, 2007 :: Retirement :: 3 Comments
In "Are you wealthy? Here’s a test," I defined financial independence as: "when income from my assets can cover all my family living expenses and a few luxuries". These words were never clear in my mind until I read Your Money or Your Life by Dominguez and Robin and ...
7 Costly Retirement Savings Mistakes to Avoid
August 6, 2007 :: Retirement :: 13 Comments
As you may already know, our Social Security system is in crisis. Even if it is not, the money you get from Social Security may not be enough for your retirement. Many people do not place retirement planning as a high priority subject. This is especially true ...
Funding 401k and IRA without Cash
July 22, 2007 :: Retirement :: 3 Comments
Okay, this post was originally about how I recently had to sell mutual fund shares in my Rainy Day Fund so that I have enough money to contribute $2,000 to each of our IRAs. I was going to tell you that it's been tougher to contribute to IRA in ...
