When building your wealth management plan, much of the focus is on how to generate wealth, how to ensure you have enough savings for retirement, and how to optimize your returns and strategies in anticipation of your future needs. With such a focus on increasing your pool of funds it can be easy to overlook risks everyday life can present to your finances. While they may not be a market force you can track in charts and dashboards, the potential impact of these other risks ca
Time for the rubber to meet the road and for all (three?) of us left on this bus to reach our nerd-tastic destination. In this final article, we’ll walk through two case studies to see how an integrated retirement income strategy plays out in comparison to an investment-only approach. Let's set the scene: We’re going to look at two hypothetical pre-retirees at different ages - a 35 year old and a 50 year old. We’re going to lean again here on research from Wade Pfau, Ph.D.,
In the second part of this exceedingly sexy series on retirement income, I’d like to cover why it makes sense to mesh together multiple types of retirement income devices for most people. To those of you still tuning in at this point - congratulations! Alas, you have confirmed your status as nerds, but on the bright side you're set up for much more success in retirement compared with your sitcom-watching, Cheeto-eating peers. If you missed the first article, catch up here.
Welcome to a brief three-part series where we’ll cover an integrated approach to retirement income planning. I know that's a bit vague, so hang with me for a bit. Crafting your plan for income in retirement is no simple matter. You can't just save to "your number" and then expect everything to work out just fine. Retirement income planning is an evolving science; not only do we need to consider the straight-up-math, but we also have to find a way to incorporate the hard-to-