Retirement Planning
« Previous EntriesQuestion of the Day: Personal Rate of Return
Wednesday, May 22nd, 2013We have had a good year so far in the stock market. So, curious minds want to know… What is your personal rate of return for 2013? Our personal rate of return through yesterday is 16%. We are 100% stocks: I am not recommending this route to AFM readers. It can make for a very [...]
Retirement Withdrawal Strategies – Part 1: 4% Withdrawal Over 30 Years
Friday, April 26th, 2013The reason it has taken me so long to get this posted is that these spreadsheets contain a lot of information and I didn’t know the best way to go about writing it for AFM readers. So, here is part one of a several part series (I’m not sure how many parts will be in [...]
From Kiplinger’s: 5 Steps Before Paying Off Your Mortgage Early
Tuesday, April 23rd, 2013I received an email from Kiplinger’s with these five steps to take before paying off your mortgage early during retirement: • Pay off consumer debt—given today’s interest rates, you’re probably paying less than 5% on your mortgage, compared with about 13% on credit card balances. Paying credit card debt give you an instant return on [...]
94% of Pension Plans Are Underfunded
Tuesday, April 16th, 2013From 94% of Pension Plans Underfunded: Wilshire: “The $282.3 billion funding shortfall at the beginning of the year expanded to a $342.5 billion deficit,” Russ Walker, vice president, Wilshire Associates, said in a statement. “Defined benefit pension assets for S&P 500 Index companies increased by $113 billion, from $1.11 trillion to $1.22 trillion, while liabilities [...]
Administration to Go After “Wealthy” IRAs?
Friday, April 5th, 2013Where does it stop? Obama budget to take aim at wealthy IRAs From the article: Under the plan, a taxpayer’s tax-preferred retirement account, like an IRA, could not finance more than $205,000 per year of retirement – or right around $3 million this year. I’ll look more into this later.
Workers Saving too Little (Does This Surprise Anyone?)
Tuesday, March 19th, 2013From today’s WSJ Fifty-seven percent of U.S. workers surveyed reported less than $25,000 in total household savings and investments excluding their homes, according to a report to be released Tuesday by the Employee Benefit Research Institute. Only 49% reported having so little money saved in 2008. I found the report and thought this graphic that [...]
Do These 401(K) Choices Seem Expensive To You?
Tuesday, January 15th, 2013A friend of mine asked me to help her allocate her 401(k) contributions. Here are her choices (click on the graphic to see a PDF version): As you can see, they’re all expensive choices. I’m sure this is because it’s a small company and one of the ways providers make the plan “cheaper” for employers [...]
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