The takeaway: The landmark Trinity Study shows the odds your retirement nest-egg will last as long as you do. Developed by finance faculty at Trinity University, the results of this landmark work apply to nest-eggs with lots of stocks–or lots of bonds. Take note ye readers fearful of stocks! The Trinity Study builds on the … [Read more…]
The Takeaway: The 4% Rule tells you two things. First, it lets you know how much you can annually tap from your retirement nest-egg without it running dry. Second, it tells you how big your nest-egg needs to be to cover your retirement income needs. What’s not to love? 😀 This post is a step-by-step guide … [Read more…]
The takeaway: Boomer, beware the retirement replacement ratio. Contrary to belief, it doesn’t help Boomers figure out how much money they need to retire. The retirement replacement ratio may be fine for early- to mid-career workers, but not for Boomers who are on the brink of retirement. This post explains why. Have a look! $$$ … [Read more…]
The takeaway: To not outlive your money you need to know three things. This post covers the first thing: how long you need the money to last. Life expectancy tables, DNA, and X-rays aren’t necessarily destiny. Don’t underestimate how long your money should last. $$$ Greetings, Boomer. Last summer I was eating a family lunch … [Read more…]
Hey Boomer! Thanks for stopping by. For subscribers of Boomer Money and More, I just posted: Seven Simple Steps to Not Outlive Your Money and Buyer Beware! The Essential Checklist for Long-Term Care Insurance. As for you lovable non-subscribers… Don’t go away empty-handed. Since this is football season, check out my post about former football … [Read more…]