I mentioned about a month ago I would open my books a bit more so I can look back at my archives and understand where I came from. In both my goals and objectives for 2011 and my halfway update for those goals I mentioned that I contribute the amount to my 401(k) which garners…
I think one of the biggest problems that baby boomers are going to encounter is transitioning from accumulation to decumulation. At 30 I am still young, but it has to be an odd feeling moving from the gathering of assets to partitioning which assets to spend and when. I recently read an article in Investment…
There has been a trend in retirement planning that I don’t particularly understand, the trend is propagated by the main stream financial companies/publications that look for easy answers that are not so easy. In retirement planning you don’t need 50%, 60%, 70%, 80%, 90% or 100% of your pre-retirement income. During retirement you need the…
Earlier this year I started tracking my net worth, but wasn’t entirely comfortable putting the number completely out there, so I came up with a system where I on January 18, 2011 I took my positive net worth made it a zero. Feel free to check out my absolute zero net worth post. This way…
A few years ago the United States Supreme Court ruled in Kennedy v. Plan Administrator for DuPont Savings and Investment that 401(k) proceeds would go to the decedent’s ex-wife (divorce occurred in the 70′s) instead of the new wife (marriage was in tact for more than a decade) because that is what the account beneficiary…
There are simple facts about our economy that we ignore on a constant basis when planning for retirement. Our population is aging and growing at the same time, and even though we had a large young workforce that supported the generation before it, this will no longer be the case. There’s been a lot more…
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