If you are interested in owning Treasury Inflation Protected Securities (TIPS), the Treasury is supposed to make an official announcement today of a 9/2/2010 auction of TIPS having a ten year maturity. If you are within 1-10 years of retirement, this would be an excellent way to add to your portfolio of guaranteed, inflation adjusted assets.
Archives for August 2010
It’s been many weeks since I posted a round-up of interesting reading around the boomer and retirement web. I have some time today so here goes. [Read more…]
The retirement planning establishment seems to be making a slow shift away from “the number” as a primary goal or target for baby boomers and other prospective retirees. Instead, greater emphasis is being placed on retirement income as a primary planning goal. I think most of this shift is occurring because the so-called 4% withdrawal rate rule has been exposed as flawed and potentially dangerous.
One aspect of retirement planning that cannot be “set and forget” is tax planning. Our political leaders are regularly adjusting (and mostly increasing) the different taxes we must pay on our income and property. As things stand now, 2011 will begin with a host of tax increases that will affect almost everyone and particularly working baby boomers who are urgently trying to accumulate and rebuild a retirement nest egg.
I have written often about downsizing, including our own plans for condo living. Saving $1000 or more on monthly living expenses (mortgage, taxes, insurance, utilities, maintenance, etc.) is the equivalent of adding $300,000 or more of income-generating assets to your retirement nest egg.
Niall Ferguson is a Harvard professor and expert on economic history. He is also an entertaining writer with strong opinions about current economic conditions. If you believe that history can teach us something about our future, then Ferguson is someone you should listen to. [Read more…]
One of the biggest questions in long term care insurance is “How much coverage should we have?” I have researched and thought about long term care coverage and amounts quite a bit in the past year. [Read more…]
I monitor our net worth regularly (at least weekly). Net worth in retirement is important, but not as important as a secure retirement income. Nevertheless, there are some very good reasons to track your net worth as you prepare your retirement nest egg. [Read more…]
Most personal finance blogs are written by 20 and 30-year-olds. Many regularly proclaim that they are not relying on Social Security for retirement because they don’t expect it to be there for them. [Read more…]
Regular readers know that I have become increasingly cynical and skeptical about conventional investing wisdom. Others are joining me in this trend, with actual investing science to back them up. [Read more…]