News

1
Feb

Insure Your Love

Insure Your Love Why do people really buy life insurance? For most it comes down to love. They love someone and want to make sure their family or loved ones wouldn’t suffer financially if something happened to them. A life insurance policy is the ultimate gift of love. It’s less expensive than many other standard gifts like jewelry, yet provides

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7
Jan

Make Saving More Money for Retirement Your #1 New Year’s Resolution

Make Saving More Money for Retirement Your #1 New Year’s Resolution It’s that time of year when we all make New Year’s resolutions, such as eating better, working out more, and getting into better shape. But what about your financial future? What kind of shape is your portfolio in? How much are you currently saving for your retirement? You may

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20
Dec

Comparing Retirement Spending Rules Using Historical Data & The XYZ Rule

Comparing Retirement Spending Rules Using Historical Data & The XYZ Rule Thus far, we have looked at applying a 4% initial withdrawal rate to the different retirement spending strategies. In such cases, we did not use an XYZ rule to calibrate the level of downside risk as the initial spending rate was always the same. Now, we are ready to

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20
Dec

Comparing Retirement Spending Rules Using Historical Data & The XYZ Rule

Comparing Retirement Spending Rules Using Historical Data & The XYZ Rule Thus far, we have looked at applying a 4% initial withdrawal rate to the different retirement spending strategies. In such cases, we did not use an XYZ rule to calibrate the level of downside risk as the initial spending rate was always the same. Now, we are ready to

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19
Dec

How Often Should I Review My Plan?

How Often Should I Review My Plan? You need to have a financial plan. But a plan doesn’t do you any good if you don’t keep it updated. If you only look at your plan once every ten years, you don’t really have a financial plan. Your plan is your financial road map, and you need to refer to it

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13
Dec

What Does Spending Look Like In Poor, Great, And Average Retirement Conditions?

What Does Spending Look Like In Poor, Great, And Average Retirement Conditions? With this overview of how the different variable spending strategies performed historically, it is worthwhile to put a bit more effort into understanding the relative performance of these strategies in different market environments. Toward this end, I chose the years 1966 (poor retirement environment), 1982 (great retirement environment),

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8
Dec

What Happens to Your Pension If Your Former Employer Goes Under?

What Happens to Your Pension If Your Former Employer Goes Under? Pensions, along with Social Security, are the core of most people’s reliable income in retirement – they’re what many people plan to live off of. They’ve contributed to their pension fund for years, often decades, and they’ve built up a sizable chunk of change – with a little help

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8
Dec

4 Steps To Prepare Your Retirement Portfolio For The New Year

4 Steps To Prepare Your Retirement Portfolio For The New Year The following piece is by Bob French, who serves as Director of Retirement Research at McLean Asset Management. The end of the year is a great time to get your financial house in order. As the market bounces along throughout the year, your portfolio bounces right along with it. Every

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6
Dec

Retirement Planning for Procrastinators

Retirement Planning for Procrastinators You’ve probably heard that you’re never too young to start saving for retirement. However, many of us have procrastinated or have had other priorities and debt come up that prevented us from putting more money aside for our future. Or maybe you tried to save but got hit with unexpected setbacks like a job loss or

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3
Nov

5 Things You Need to Know About Long-Term Care Insurance

5 Things You Need to Know About Long-Term Care Insurance Chances are you’ll live well into your 80s, your 90s, and possibly even longer. When you live a long life, the likelihood you’ll need long-term health care is greatly increased. That’s why over 10 million Americans have purchased long-term care insurance.1 Here are just a few things you should know:

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