Regular readers of this blog may recall that I have been studying the work of Zvi Bodie, a professor of finance at Boston University. (I mentioned Prof. Bodie in my post on Retirement Income and the Myth of Equity Risk.) After much consideration, I’ve decided to adopt Prof. Bodie’s concepts into our retirement income plan. More particularly, I have created a plan to provide guaranteed retirement income. I will explain.
Securing Your Retirement Income
Retirement Planning for Baby Boomers
[Editor’s Note: The following post is from Susan – yes, the very same Susan who is the new woman in my life. Although she is a baby boomer, she is new to the world of baby boomer blogging so please welcome her (and be nice!). For future posts you will know that Susan is the author because her name will appear in the author byline. Thanks and enjoy]
Hi everybody! I’m very pleased to be a new contributor to this site. Thanks to Mark for inviting my perspectives on this journey!
Retirement!?! Really?! Mark has been contemplating this journey far longer than I. Although an avid saver, I only recently allowed myself to consider what life in retirement might look like. [Continue Reading…]
All retirees and pre-retirees need to think about their life expectancy a/k/a longevity. There are at least two important reasons for this. First, one goal of your retirement plan is to limit the risk that you will outlive your money. Second, anticipated longevity is a key factor in deciding the age at which you want to claim Social Security retirement benefits.
Do you have a plan for generating retirement income? Do you have any idea how much retirement income you can expect to generate from your existing retirement investments? There are at least two fast and easy ways to make this prediction. (And forget the outdated and discredited “4% rule.”)