Retirement Field Guide

Retirement Action Plan

The Retirement Field Guide

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The World is Changing For the Better & Why It Matters To You

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I wanted to draw your attention to a few graphs, all of which come from OurWorldInData.org via this article, “The short history of global living conditions and why it matters that we know it” by Max Roser. I have a simple question for you at the end. Question to Ponder: Despite “what we think we know” about the world, these are the prevailing trends. For me, this begs the question… Read More

Why Average Market Returns Mean Nothing

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David Hultstrom of Financial Architects puts out a great quarterly newsletter for financial advisors (and a great one for investors as well). In the most recent version of his advisor newsletter, he posted the following chart below with some great commentary that I wanted to share with you. The average compound return (i.e. geometric) is 9.75% (red line). Only in 1992 did an annual return round to 10%. In only… Read More

An Easy to Understand Guide to Required Minimum Distributions

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Despite the fact that Required Minimum Distributions (RMDs) impact everyone above age 70.5 with a tax-deferred investment account balance, there is still a surprising amount of confusion around the subject of RMDs and how to calculate the distribution required. Before I get to the actual calculation, I’ll briefly address some frequently asked questions about RMDs many retirees may be curious about. What is an RMD? This is the mandatory minimum… Read More

Why I Choose to Focus on Helping Retirees

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Given that I focus exclusively on retirement planning for individuals, I am often asked the simple question, “Why?”. There are three primary reasons: (1) It’s needed. The American College conducted a retirement literacy quiz with over 1,200 Americans age 60-75 with at least $100,000 in household assets (not including their primary residence) and the results were putrid. • Retirement literacy remains low – 74% failed the 38-question retirement literacy quiz!•… Read More

Spending Your Life Savings - Two Ideas For Overcoming the Fear of Spending in Retirement

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Retirement should be one of the most fun times of your life. But, generally, that’s only possible if you’re comfortable spending your life savings. I find that there are two psychological barriers that tend to restrict spending in retirement that I think are largely overlooked by the retirement community. If you intend to get comfortable spending in retirement, it helps to be aware of these barriers and find strategies to… Read More

What to do in retirement?

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You’ve been working hard for the last 40 years and saving diligently for the big day — the day you walk out of your office for the final time never to return again. For many people this is an experience that’s met with jubilation. For others, fear. After the initial honeymoon stage of unlimited free-time ends, many newly minted retirees begin to suffer an identity crisis. For so many of… Read More