Hardly a week goes by without our having several discussions about the financial aspects of retirement. This week we address some issues from the last several days. How much house can I afford? The traditional rule of thumb—i.e., not more than 28% of your monthly income going for a mortgage payment—is not particularly helpful. There
We’ve had a few conversations lately with clients on the edge of retirement or having recently crossed over to the other side. A few articles this week shed light on several key issues. The Average Retirement Age—An Update. Today’s average retirement ages of 64 for men and 62 for women are about the same as
Intriguing subject matter relating to retirement was the topic of several sessions at the AICPA Advanced Personal Financial Planning Conference held January 19-21, 2015. This week we share some of the conference’s golden nuggets. What makes for a Satisfying Retirement? Although money matters, planning for a lifestyle can be equally important in order to get
Am I on track? That question is posed to us quite often by individuals making general inquiries. Underlying issues usually are “Do I have enough to retire comfortably?” or “Do I risk running out of money?” This week’s blog addresses aspects of these underlying questions. In general, two main approaches are used in retirement planning
This week we examine tools and techniques for more peace of mind in retirement. It is a companion to last week’s blog addressing some of the reasons retirees can run out of money. Retirement Account Participants Can Purchase Longevity Annuities. Under the new rules issued by the IRS, those with IRAs or 401(k) plans will be allowed to
“Our parents ran out of money.” The parents did not fit the profile of a couple that would run out of money. It was surprising. They were typical of the best of the old Southern gentry. He went to Washington & Lee, served his country in World War II, and got his MBA from Wharton.
In our world of investment management and financial planning, uncertainty begets questions: sometimes the best reply to any of them is It Depends. This week we examine several current issues where It Depends. When will the Fed hike rates? It depends. What will the conflict in Iraq mean for the economy and investors—it depends. Will