Weekend Reading: Making Fulfilling Financial Choices by Remembering Past Experiences
You make hundreds of decisions daily, both big and small. When it comes to the financial decisions you make, however, what if there was a way to take a more calculated, observant approach?
Weekend Reading: It's Now or Never for Backdoor Roths
The most recent proposal of the Build Back Better Plan submitted on November 19 now eliminates both the regular backdoor Roth and mega-backdoor Roth tax strategies beginning in 2022 for everyone, regardless of income.
Weekend Reading: Wes Moss: Secrets to Family Relationships and Happiness in Retirement
Family and the relationships you have with your loved ones play a large role in not only your happiness today, but also years into retirement.
Weekend Reading: Learning to Embrace the Chaos & The End of History Illusion
Take a moment to think about how you have evolved over the past decade. The changes you find might be profound. You certainly have learned a lot and gained more life experience, however, the other aspect to keep in mind is what this article refers to as the “end of history illusion”.
Weekend Reading: What's a Safe Retirement Spending Rate for the Decades Ahead?
While the four percent rule might be a well-known standard, a recent Morningstar panel determined that in today’s economic climate, a 3.3 percent withdrawal rate might fare better for a conservative portfolio.
Weekend Reading: Are Longevity Assumptions Obsolete?
The odds are in your favor when it comes to living longer; however, that also means creating a retirement income stream you don’t outlive is more imperative than ever.
Weekend Reading: Long-Term Care: Ready or Not, Here it Comes
For some individuals, long-term care in the grand scheme of a full retirement plan can often end up in the “good-to-have” category, versus “need-to-have”.
Weekend Reading: Who the Happiest Retirees and Most Unhappy Retirees Are
The pursuit of happiness in retirement might be much more complex than you ever realized. In order to become what this article refers to as a “HROB” (Happiest Retiree on the Block), there are crucial financial and non-financial aspects to consider.
Weekend Reading: 7 Year-End Wealth Moves
A New Year is upon us, but before 2021 comes to a close, there are some ways to set yourself up for financial success into 2022 and beyond, especially in the realm of tax planning.
Weekend Reading: Will Inflation Be Biden's Achilles Heel?
Despite the recent victory and passing of the $1.2 trillion infrastructure package, Biden still has a larger issue at stake: Inflation.
Weekend Reading: How Generosity Changes Your Brain
Can money buy happiness? Research says maybe – if you spend it on others.
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.