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Rethinking Investment Risk in Retirement

Rethinking Investment Risk in Retirement

Investors love to talk about risk. What’s the downside risk? How can you hedge your risk? How can I evaluate the risks in my portfolio? Should we address investment risk in retirement the same as during the accumulation phase? What about my personal risk tolerance? These days, risk tolerance questionnaires are all the rage and there are companies springing up out of nowhere trying to cash in on this CYA idea. Many of them are even willing to “brand” you…

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The Challenges Facing Retirees Today

The Challenges Facing Retirees Today

Believe it or not, retirement is still a relatively new concept, by historical standards at least. People have only really been “retiring” for about 150 years – back to the time of Chancellor Otto Van Bismarck. In 1883, Chancellor Otto Von Bismarck of Germany had a problem. Marxists were threatening to take control of Europe. To help his countrymen resist their blandishments, Bismarck announced that he would pay a pension to any nonworking German over age 65. Bismarck was no…

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Retirement Digest: Self-Improvement as a Hobby

Retirement Digest: Self-Improvement as a Hobby

The older I get, the more I find myself questioning the status quo. Truth be told, I’ve always been a questioner but I have definitely ticked it up a notch. Not in a rebel sort of way, but more in an inquisitive way wondering why things are the way they are. Questioning the side of the majority more often than not. You may have noticed over the past year or so that I’ve written more and more about desiring simplicity…

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Retirement Digest: Leaving Our Legacy

Retirement Digest: Leaving Our Legacy

If there is one person I follow whose writing causes me to stop and think on a regular basis, it’s my friend Jeremy Walter. In a recent article, he wrote about how we leave our legacy. Jeremy’s post, whether he meant it this way or not, coincides with the unexpected passing of Kobe Bryant and eight others to include Kobe’s daughter. An outpouring of love and great stories commonly follow this type of tragic event. As I’ve said before in…

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Now Never Feels Like the Right Time to Invest

Now Never Feels Like the Right Time to Invest

As I sat with a friend the other night, the conversation came up as to what he should do with all the negative market news as he indicated to me that he had a significant amount of funds on the sidelines. (Full disclosure: He said this conversation should be a blog post since it was this blog that opened the lines of communication.) Conveniently, I’ve had a number of experiences over the past few years where clients have come into…

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Spending in Retirement – An Observation

Spending in Retirement – An Observation

Most of the people I am surrounded by are first-generation wealthy and I bet very few would even describe themselves as wealthy. One of the reasons they wouldn’t describe themselves as wealthy is because, in most cases, they came from meager backgrounds so the idea of being considered wealthy in any sense of the word is almost a foreign concept. Recently, I think I stumbled across an observation I have never noticed before with regard to spending in retirement. That…

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Retirement Digest: Clearing the Clutter

Retirement Digest: Clearing the Clutter

In lieu of summarizing a great article this week, I wanted to share a thought instead. As has been noted before, when we’re approached to participate in new projects, roles, or some other activity, we are not just saying yes to that new commitment. We are, in fact, saying no to a host of other potential opportunities that are coming down the pipe. We may also, unknowingly at the time, be sacrificing the quality of our other commitments. Recently, I’ve…

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How the SECURE Act Impacts Retirement Planning

How the SECURE Act Impacts Retirement Planning

Since my brief posting about the SECURE Act (Setting Every Community Up for Retirement Enhancement), I’ve probably received more emails and questions about it than any other topic since I started this blog. So, it’s clear there are questions out there. Jeffrey Levine, with Team Kitces, put together the below comprehensive visual of the key provisions of the SECURE Act and other provisions that were included in the total legislation package. You can click the above image to be taken…

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Retirement Digest: Everything You Need to Know About Recessions

Retirement Digest: Everything You Need to Know About Recessions

My honest hope is that this site provides two things: (1) valuable information and education about retirement in an easy-to-read format and (2) an optimistic view of the world. Given that we don’t have to look far to find bad news, my goal is to provide the other side (the realistic side). Sure, there are problems that need to be addressed throughout our country and our world. But the world is improving gradually all around us, we just can’t grasp…

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Nobody Saw This Coming…

Nobody Saw This Coming…

Do you remember the stock market late in 2018? Let me remind you… The graphic above shows the last quarter of 2018 – a roughly 14% decline in a relatively short period of time. The peak to trough decline was closer to 20%. There were a litany of scary headlines about President Trump lashing out at the Federal Reserve, the slowing of corporate profits, how the trade war was impacting global growth and a partial government shutdown thanks to squabbling…

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