Financial Beacon

The Myth Of Safe Withdrawal Rates

By Doug Carey

What do retirees in 1921, 1966, and 2010 have in common? Very little of course, yet many financial advisors are still using ideas from 1921 to plan retirement today.

The truth is these dates weren’t chosen at random: One had the highest safe withdrawal rate in

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Planning For A Long Life After Retirement

By Doug Carey

I spend a lot of time helping people understand how much money they will need to meet their retirement goals. Many people rack their brains and do lots of research trying to come up with assumptions for inflation, rates of return on investments, and many

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Do You Need $1 Million To Retire?

By Doug Carey

It’s always an interesting experiment to ask people how much money (in today’s dollars) they think they will need to retire comfortably. I’ve found that a lot of folks like to throw out the nice, round figure of $1 million. It’s a reasonable guess, but usually it’s just that: a guess. I wanted to dig deeper and figure out just what it takes to retire comfortably at age 65.

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The Impact Of Life Expectancy On Retirement Plans

By Doug Carey

One of the biggest variables that confront people when planning retirement is their life expectancy. Some folks like to use the life expectancy of their age group or the life expectancy numbers that exist for a person born today. But this can be very misleading and can result in retirees running out of money in retirement.

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What You Need In Order To Retire Before Age 65

By Doug Carey

There are so many articles written, and so much talk today, about how a lot of folks in their 50s and 60s either won’t be able to retire before age 70 or may never be able to retire at all. Instead of rehashing this downer of a scenario,

I would like to discuss what a person or a couple needs to have today in order to retire before age 65.

I have consulted with many clients who had this simple question: Can I retire when I’m 60? I’ve even had a few people ask me if they are in good enough shape to retire at age 55. They simply had no idea if they had enough money invested and enough future income to cover all that they wanted to do in retirement.

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