This is a short post on the sad problem of baby boomers who retire but are being forced by financial problems to return to the workforce. [Read more…]
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.
Once again Scott Burns has written an excellent article for those of us wondering how we can be financially free in retirement. In this article, Scott talks about what it means to be a retired person of independent means. The good news for baby boomers is that it may not be as difficult as you think. The bad news is that the reason it may not be so difficult for us is that we are going to be dead sooner. Burns fiendishly calls this the “upside of death.” [Read more…]
So how can we make sure that our money lasts for our lifetime? What long life and money strategies are available to us? [Read more…]
If you have an IRA or want to use an IRA as part of your retirement income plan, it helps to know how you will be able to manage distributions. There are online tools that will help you do this. [Read more…]
What retirement income plans are Americans relying on now? Wouldn’t it be nice to have a guaranteed retirement income? Do you have a plan for that? Low risk retirement income is a topic we are all interested in. So where do we find it? [Read more…]