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Most of the decisions we make in retirement planning become easier once you understand why you are making them, but that does not mean they always feel intuitive. Investing is a good example. You spend your working years accumulating savings, often with the understanding that accepting some market risk is necessary to grow your money. Once you retire, continuing to expose those savings to market losses can feel much harder to justify. You have spent […]
Retirement doesn’t happen all at once, at least not in the way most people picture. It happens in stages, and those stages look very different from each other. But they all play into how to plan to make your money last as long as possible. For most Americans, retirement will last for 15 to 30 years – maybe longer. And during that time, you’ll move through the three distinct phases. Your timing may be different […]
A few months ago, I started sharing the best article I had read the month prior. Your support for this approach has been positive, so today I’m continuing with the theme. Sharing retirement advice is what this site is about, and today’s article fits that theme perfectly. When I read today’s original article on Substack, I found myself nodding “Yes!” to every one of the 14 pieces of “best retirement advice”. I was intrigued when […]
In a recent paper, David Blanchett found (again) that household spending tends to decrease over the course of retirement. That is, it increases, but not as quickly as inflation. So in “real” terms, it’s gradually going down. Relative to Blanchett’s earlier work on how retirees change their spending over time, his latest paper had two particularly noteworthy findings. Median vs Mean The first especially interesting finding was the difference between the median and mean (average). […]
For some, it’s harder to save money that spend it. Don’t let this belief ruin your retirement plans. Check out this week’s terrific links. Many retirees have no spending plan. Her Money How to strengthen your portfolio for retirement shocks. Morningstar Using only your age is a poor way way to construct a portfolio. Retirement Researcher Couples need their own outlets when retiring together. Mean…The post I Don’t Like Mondays…..When Is My Retirement? appeared first on A Teachable Moment.
5 common questions retirees ask financial advisers
Welcome back to another monthly update from Root of Good! We have been at home in Raleigh for the month of July enjoying a relaxing break from globetrotting. We spent the last half of June in England, Norway, and Iceland on board the Majestic Princess cruise ship. I heard some fellow passengers describe this as a “trip of a lifetime”. Given all the amazing sights we experienced, I have to agree. As this post goes […]