Tag Archives: retirement

Retire on $75 per Day? Ask Cindy About Little Rock

That’s what U.S. News and World Report did when they voted Little Rock one of the 10  best places to retire on $75 per day. According to the article, “Retirees who rent pay a median of $627 monthly to live … Continue reading

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FRONTLINE: The Retirement Gamble

Go forth, watch “The Retirement Gamble” by Frontline on the PBS website, then come back and I’ll talk you down off the ledge.  Here are my reactions.  First off: Of course people don’t know how much they need to retire.  … Continue reading

Posted in Current Events | Tagged , , , , , , , , ,

It’s Not The 401(k)’s Fault

USA Today published a controversial column titled “401Ks are a disaster” by Duncan Black on February 5th of this year. The article has a lot of assertions in a tiny word count, and would take a lot of time to … Continue reading

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Age Sixty-Five is the Deadline for Becoming Independently Wealthy?

The standard retirement age in the U.S. is age 65.  Most people see that as the date they should be ready to retire, but retirement has changed significantly over that past hundred years.  I think our expectations have changed from … Continue reading

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Can We Stop With The “You Need A Million Dollars” Thing?

Something I overhear here and there is that you need a million dollars to retire. Can we stop with that? Estimating the size of the nest egg you need to retire is highly contingent on your risk tolerance, projected returns, … Continue reading

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My Observations Concur – “How to Reach $1 Million” from Money Magazine

Since I’m a member of the Financial Planning Association, I receive a complementary copy of “Money” magazine each month.  Normally I just give it a quick skim, since it’s a bit… below my technical level.*  This month, however, was different.  … Continue reading

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Ask An Advisor: Retirement Plan Alternatives

Dear Abigail, I am a non-traditional student.  I am not employed full-time, I only work on campus during regular semesters and summer sessions.  I will be attending graduate school next fall, and will be working as a research assistant.  I … Continue reading

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One Way Personal Finance Advice Ends Up Going Bad: Part 1

The free personal finance tips market is glutted.  Not only do you have this fine blog, but there are, literally, thousands upon thousands of articles,  and hundreds of books, radio shows, and TV shows on personal finance.  And, in a … Continue reading

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Thinking About Old Age and Money

Have you ever taken the time to think about what it will be like when you’re old?  I’m not talking about the technical advances of social changes, but the physical reality.  One day, we will either all be old or … Continue reading

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What Does The Lottery Really Cost?

I’ve met more than one person, in my time, who has a lotto habit.  Now, I’m not going to knock playing the lottery every once in a while, since it’s cheap thrills; but I do want to show what it … Continue reading

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Are You Trageting The Maximum, and Is That Enough?

It’s an old negotiation adage: the first person to speak, loses.  Once a number is stated, the negotiation is anchored and then haggling moves from there.  You may have noticed it in your own life.  Once someone says a number, … Continue reading

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Your Grandpa’s Three-Legged Stool, Your Dad’s Two-Legged Stool And Perhaps Your One-Legged Stool

Have you heard of the Three-Legged Stool?  It’s a metaphor financial planners and educators have used to describe retirement.  The idea is that, to have a stable retirement, you need to have a three-legged stool.  The legs are Social Security, … Continue reading

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Safe Minimum Savings Rate?

Ok, before we talk about safe savings rates, we need to talk about the safe withdrawal rate.  So, here’s the problem financial planners face: how much money can they safely advise a client to pull from their portfolio for retirement … Continue reading

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What Do You Want Your Lifestyle Over Your Life Cycle to Be?

Have you ever thought about what you want your lifestyle to look like over your lifetime?  We all want our lifestyle to rocket upward in our imaginations, but, realistically, what do you plan your spending to look like?  What if … Continue reading

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