Published on Thursday, December 05 2013 09:50
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
Published on Thursday, September 05 2013 03:59
With both stocks and bonds gyrating wildly again many of us are reminded of just how volatile the markets can become. This also convinces many people that they cannot risk being invested very heavily in equities as they approach retirement.
But without a decent return, many people simply will not be able to retire when they want to. In
Published on Wednesday, September 26 2012 04:55
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.
Published on Friday, June 07 2013 04:33
Bond yields have finally starting moving up as the Federal Reserve has begun hinting that they might reduce the amount of bonds they have been buying. The ten-year treasury yield is now at 2.12%, which is nearly 0.50% higher than we saw a year ago. Of course, we have a long way to go to reach the 5% level we saw in 2007.
Low interest rates over the past five years have undoubtedly hurt those in retirement who wanted to live on a fixed income. In fact, it completely ruined many retirement plans and forced some people back to work. Now that rates have risen slightly I want to take a look at
Published on Thursday, August 16 2012 01:00
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.