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 (And forget the outdated and discredited “4% rule.”)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

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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Can Market Crashes Be Stopped?

We are almost 5 years from the worst of the last market crash. Can we relax and catch our breath now? Is it safe for a baby boomer to once again rely on the market for a secure retirement? Is it possible to design a financial system and market economy that won’t crash? The realists don’t seem to think so. I’m one of them.

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Year End Investment Moves

In the past few weeks I have purchased more I-Bonds using cash in savings and bought more TIPS (Treasury Inflation Protected Securities) using assets inside my 401(k) account. I made these moves to (a) reduce risk and (b) increase the amount of future retirement income that is both guaranteed and inflation-protected.  I will be continuing this strategy in 2014. Today I made some more year-end changes.

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Info for Baby Boomers

Anticipating My 45th High School Reunion

On Thursday I depart for upstate New York to attend the 45th reunion of my high school class. I have attended every reunion (at 5 year intervals) starting with the 20th year. The format this year is typical of past reunions:  Happy hour/mixer on Friday evening; picnic on Saturday afternoon; dinner/dance on Saturday night; and brunch on Sunday morning. We have all of these activities because we have a fantastic organizer.  On the other hand, for me this reunion will be different from the others.

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Movies to See This Week

I’m averaging about four trips per month to the local theaters to see a newly released movie. This past week I saw three: Jersey Boys (with a friend – he hadn’t been to a movie theater in 20 years!); Dawn of the Planet of the Apes (with my sons and daughter-in-law); and Begin Again (by myself). I liked all of them. I suspect that many of my fellow baby boomers will as well.

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Aging is Not a Disease and There is No Cure

Do you ever think that getting older is a disease that can be cured? Are you in search of the latest age-defying miracle? I don’t think I’m one of those folks looking for the fountain of youth. On the other hand, I was harshly reminded last week that I am aging.

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