We know a few people retiring this year. Each new cohort of retirees faces its own set of challenges. This week we highlight a few issues for this year’s retirees to consider. You will be retiring into a sluggish economic recovery. While the economy is improving, the rate of improvement is much lower than expected.
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
This week we review recent research on safe withdrawal rates for retirees, present several points of view, with the final article summarizing the merits of several approaches.