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 […]
There’s no shame not understanding your medical bills. They’re filled with medical gobbledygook to the normal person. This is especially frightening when they get large. You certainly don’t want unpaid bills being sent to a collection agency where your credit score will be hurt. Many bills may have common errors and hospital bills tend to […]
One of the trickiest — and most critical — Social Security planning strategies applies to widows who are between the ages of 60 and 70. Once a widow becomes eligible for survivor benefits — as early as age 60 (50 if disabled) — she will be looking for guidance on how and when to start […]
Health Savings Accounts (HSAs) seem to be all the rage. What are the pros and cons to use these to pay for health related expenses? Should you put them in your basket of financial tools? HSAs are not for everybody. They are only for people who have a “high deductible health plan” (HDHP). When you’re […]
People focus on returns, average returns, good or bad returns. Rather, progress isn’t made over short terms, but over the longer term. So how often have the markets been positive? The below article explains how to better view markets and how you should participate in them for healthier and wealthier outcomes. It illustrates how infrequent […]
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 […]
Markets are always uncertain. Actually, as the article below states, markets aren’t uncertain … uncertainty is a human condition that is emotional and the markets simply reflect this emotion among the many other emotions market participants feel. I like to schedule posts in advance. You’ll notice the article below is dated May … when the […]
What are factors for investing? How are they determined? Why are they useful? Your Complete Guide to Factor-Based Investing: The Way Smart Money Invests Today Paperback – October 7, 2016 by Andrew L Berkin and Larry E Swedroe discusses this. What are factors? “A numerical characteristic or set of characteristics common across a broad […]
It’s a horrible thought. You finally get to the time in life when you can reap the benefits of a lifetime of work, you file for your Social Security benefits, and discover that some of your benefits will be garnished to pay off old debts. This reality hit home recently with a report, Snapshot of […]
How well can we function at work as we grow older? Or continue to manage our money? Research that has looked at cross-sections as well as longitudinal groups of people have provided great insights to these questions. Center for Retirement Research at Boston College has issued three briefs on the topic of Cognitive Aging. The first […]
