Income
Weekend Reading: Adjusting Monte Carlo Success Thresholds by Tolerance for Spending Volatility
If you had a crystal ball, retirement planning would be much less complicated. Unfortunately, no such thing exists, but there is one thing you can do, which is stress test your portfolio.
Weekend Reading: New Tax Rule #1: Say Good-Bye to Tax Deferral
One of the most widely-known financial rules-of-thumb is to defer taxes, but what continues to become more evident is that doing so could likely cost you more in the future.
Weekend Reading: Retiring in Uncertain Times? Try the Bucket Strategy!
You need your nest egg to last the rest of your life, and one way to help make that happen is via an approach called the “bucket strategy”. Here, your savings are divided into three areas – or buckets – and this article explains the purpose of each one.
Weekend Reading: The Good News for Upcoming Retirees
Today’s retirees may be unable to match the portfolio-withdrawal rates of those before them, but their amount in assets appears much larger.
Weekend Reading: 6 Things You Can Do Right Now to Ensure Your Money Will Last in Retirement
Retirement could be the biggest transition you make in life, not to mention the most expensive. At Howard Bailey, we don’t take this lightly, which is why we developed a process.
Weekend Reading: 6 Proven Retirement Income Planning Strategies Beginning at Age 62
Within your retirement planning journey, age 62 is the beginning of a crucial transition. If you haven’t already, it’s here you begin to shift your mindset from asset-building to accumulation.
Weekend Reading: Why You Should Be Skeptical of Inflation Panic
Inflation fear is still surging across national media, and for retirees in particular, it’s easy to see why. In some instances, inflation can pose one of the biggest pitfalls to your lifelong savings, so if you’re feeling the panic, this is your signal to pause.
Weekend Reading: Retirement Planning in the Post-4% World
The four percent rule has been around for over two decades, which begs the question: Does it still hold any truth for today’s retirement planning strategies?
Weekend Reading: Net Unrealized Appreciation (NUA) Tax Strategies for Modestly Appreciated Stock
Staying at the forefront of your retirement tax plan means becoming educated about tax strategies available at your fingertips. One of those strategies involves a Net Unrealized Appreciation (NUA).
Weekend Reading: Why Risk Tolerance Questionnaires Don't Work for Determining Retirement Strategies
Risk tolerance questionnaires can be a great starting point in determining how conservative your retirement investment strategies should be; however, they’re not the main solution.
Weekend Reading: 3 Social Security Do-Over Options
If you’re having second thoughts about your Social Security claiming strategy, the good news is, “do-over” options exist.
Weekend Reading: What the New Outlook for Social Security Means for You
If you’re worried about the future stability of Social Security, rest assured, the outlook still looks positive.