Archive | 55 & older

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What age should retirement be planned to?

One of the big discussions in the profession is choosing the age retirement should be planned to. Should it be age 95? Age 100? Some other age? Here’s a good brief discussion on the implications of choosing an age: “How Life Expectancy Affects Retirement Planning” by Mark Miller at Morningstar. Assuming you’re younger than in […]

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You've heard of the "1 percenters" - what percenter are you?

You’ve heard of the “1 percenters” – what percenter are you?

You can get a sense of what “percenter” you are through a handy site that summarizes income or wealth (and other stuff too) called Shnugi. The numbers are based off of the results of the Survey of Consumer Finances by the Federal Reserve.   There are two measures that people often confuse being similar. Income and […]

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Retirement Income – A book Review

Fundamentally Wade’s work, in his newest book, is a great summary of a lot of research so far in this nascent field of withdrawing from assets to supplement retirement income. “How Much Can I Spend in Retirement?: A Guide to Investment-Based Retirement Income Strategies (The Retirement Researcher’s Guide Series)” by Wade D Pfau, available at […]

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How many times can you plan on spending an asset in retirement?

How many times can you use a source of money in your retirement plan? Turns out, just once, unless you know ahead of time WHEN something is going to happen, or if something was NOT going to happen. Since we don’t know either, we need to plan on what resources may solve which issues we […]

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After-tax 401k's vs Roths ... and rollovers; they're different!

After-tax 401k’s vs Roths … and rollovers; they’re different!

Some plans offer “after-tax” 401k contributions. Aren’t these the same as a Roth 401k? Nope! There are three (3) different types of 401k contributions – IF your plan offers them … and each one has its’ own tax treatment: The 401k most people are familiar with. These are subject to the contribution limits each year. The […]

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