Securing Your Retirement Income

Retirement Planning for Baby Boomers

Playing the Retirement Longevity Game

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.

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Simple Methods to Predict Your Retirement Income

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 (And forget the outdated and discredited “4% rule.”)

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Second Quarter Net Worth and Retirement Income Plan Review

July has been and will be a busy month for me. I just returned from a two week stay at Lake Barkley in Kentucky. This stay included the ninth in a series of extended family gatherings at the lake. (More about this awesome event later this week.) Towards the end of the month I am traveling to Ithaca, NY for my 45th high school reunion. Finally, I have been busy with an updated assessment of my retirement plan and net worth performance as of the end of the second quarter.

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Investing for Retirement

Defined Maturity Bond Funds in a Retirement Portfolio

Regular readers know that I have been managing my retirement investments with an increasingly risk-averse attitude, particularly as applied to my equity allocations. On the other hand, I think I need to be more strategic in managing my fixed-income investments. My concern arises from the anticipated increase in interest rates that will probably kick-in sometime next year. After some study, I am considering moving some of my retirement nest egg into one or more defined maturity bond funds or ETFs. If you have never heard of these, join the club. I knew nothing about them until last month.

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First Quarter Retirement Plan Performance Results

My daily personal finance routine continues to include net worth tracking. Call me obsessive but is there a better overall indicator of financial progress toward retirement? Not that I am aware of but I am certainly open to being educated by a reader on this. The results during the first quarter are positive but no doubt less than mediocre compared to many of you. The results are about what I anticipated.

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Info for Baby Boomers

My First Solo Travel Adventure

Tomorrow I leave for Italy.  I will be gone for 18 days.  The first 15 days are vacation.  The final three days are visits with business contacts and clients in Florence, Milan, and Zurich. This trip is a new adventure for me in several different ways. I am excited and nervous at the same time.

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People Watching as a Retirement Activity

This weekend I had nothing planned with friends or family. Going to the lake was not an option because the AC there is awaiting repairs. Thus, I had to come up with some activities to fill my day so that I would not end up a couch potato in front of the TV. It was sort of like another small test run of being retired as a single guy. So, late Friday afternoon I decided to go people watching. As a retiree I will have plenty of opportunities to do that, won’t I?

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Estimate Your Retirement Health Care Costs

We have all heard that the future cost of health care is a huge retirement wild card. I consistently read retirement health care cost estimates in the low to mid six figures. At 65, we are eligible for Medicare but it doesn’t cover everything. Also, are these general cost estimates applicable to all of us? Not necessarily. In some cases, luck is involved. In other cases, your current health status can be a predictor of future costs.  A free tool from the AARP tries to take all of that into account to give you a number that you can work with, a number that will scare you,  or both!

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