Tag Archives | control

sunset pier

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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Medical Identity Theft – why you should be vigilant!

Most people think of identity theft as having something to do with finances. Medical identity theft is not on people’s minds. It should be! Why? Your personal health insurance information can be used by thieves to steal expensive medical services like surgeries, expensive prescription drugs, medical equipment or devices. It could be used to falsify […]

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The cost of indexing – and an approach how to reduce those costs

There is a cost to indexing that most investors are unaware of. It is called “reconstitution.” What is reconstitution and how may the costs involved be solved? What is an index? An index tracks changes in the markets – think of it kind of like a weather barometer. The first article below discusses how the reconstitution effect […]

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How might you replace lost income as a survivor?

Most people don’t realize (or do, but don’t plan for it) that, as a couple, there is lost income from Social Security automatically built in. I discussed examples in a post titled “Social Security and Survivor Considerations.” In this post, the question is … How much money* is needed to replace that lost income? First, the […]

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What about those Target Date Funds?

Target Date Funds (TDFs) – either you love them or you hate them. If you lack any tools within your 4o1k, or don’t want to use a qualified adviser, then I guess they’re better than nothing. However, they’re as arbitrary as where the International Date Line (IDL) is … more on arbitrary later in pros and cons … […]

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Reverse Mortgages

“What’s the Deal with Reverse Mortgages?”

On occasion I change my mind on a topic when the facts have changed. Reverse Mortgages are in that category. The program has undergone many improvements as a result of the Reverse Mortgage Stabilization Act of 2013. Home Equity Conversion Mortgages (HECM) are called Reverse Mortgages for short. “HECMs help seniors remain financially secure by […]

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72 breakeven years

Younger than 59 1/2 and need money from your IRA?

Most people are aware that they need to wait until they’re 59 1/2, or older, to withdraw money from their IRA without tax penalties. Many are unaware that they could, if needed, withdraw money from their IRA without penalty. This post isn’t about what is called 72t or Substantially Equal Periodic Payments per se. There […]

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