Today I wanted to revisit the topic of spending in retirement. Having a retirement spending plan and monitoring that plan is just as important to retirement success as asset allocation or deciding on safe withdrawal rates (SWRs). Yet, it’s not discussed nearly as much as the other retirement topics. And […]
In earlier posts I’ve covered how much it takes to retire, the safe withdrawal rate (SWR), and one method of increasing the safe withdrawal rate. Today I wanted to cover the method I use to increase my SWR significantly without taking on any more risk. Sounds exciting huh? Well, maybe […]
Time for screencast #4. In today’s screencast I cover spending in retirement. I cover the three key aspects of spending in retirement; the level of post retirement spending relative to pre-retirement, the yearly increases to spending, and the impact of maintaining flexibility in spending during retirement. The combination of these three […]
Most of the ink spilled in talking about retirement is limited to the investment side of the equation. How much do you need for retirement? How much can you withdraw from your portfolio in retirement? How should I invest my retirement assets? And obviously, all these questions are critical. But […]
In a post last week I showed that for the majority of retirees the standard recommended spending model in retirement does not match reality. Spending in retirement actually grows by less than inflation over time. In this post I want to show you how using a more realistic sending model […]
It’s usually worthwhile to question conventional wisdom. At the minimum you usually learn where that wisdom came from. Often you learn the conventional wisdom is not the best approach. This happens to apply rather well to the topic of retirement spending. Lets take a look at the conventional wisdom regarding […]
Back in 2010 I posted on an alternative retirement withdrawal approach that allows for higher safe withdrawal rates (SWR). Back then I didn’t have a detailed model of this approach to provide much more insight. Now I do. Its very worthwhile revisiting this strategy and discuss the great benefits it […]
It must be that time of the year again. Retirement hysteria time. Usually in the new year I start seeing a slew of articles on how your retirement is at risk, how you cannot possibly retire now, and the theme for the last few years – how high stock market […]
Hard to believe it has been 2 years since I last updated my recipe for a happy retirement. And 2 years before that I had the original post. Every 2 years seems like a nice interval to revisit my thoughts in this area. We are now getting close to completing […]
Sometimes it pays to go back to basics. With retirement planning it’s no different. The common, top down approach with retirement planning starts with total net worth and then uses a safe withdrawal rate (SWR), most commonly 4%, to figure out how much one can spend per year in retirement […]
Over the past year or so I’ve received many comments from readers that it is a bit difficult to find items on the blog, especially for new readers. The search function, categories, and tags are meant to help this but they don’t do a good job of providing an overview […]