Random Roger's Retirement Planning

FEBRUARY 25, 2023

Bloomberg conducted a survey about how much money people need to retire and the respondents said $3-$5 million. I am less interested in the sensational numbers they are throwing around than a couple of smaller observations in the article. I am in that camp and I guess I am surprised that the number isn't much higher.

Retirement 95

Retirement Numbers Portfolio Portfolio Management 95

Nerd's Eye View

MARCH 20, 2024

By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of a client's life, advisors often place special emphasis on this data point when they present a financial plan.

Communication 221

Communication Clients Risk Tolerance Financial Planning 221

Nerd's Eye View

MARCH 22, 2024

Also in industry news this week: A recent survey suggests that advisors who best understand their prospects' and clients' unique needs and communicate their value and fees clearly could be best positioned to win and retain clients Why a dearth of advisor talent could spur additional M&A activity and 'poaching', and what firms can do to attract (..)

Financial Planner 225

Financial Planner Communication Electronics Retirement 225

Nerd's Eye View

MAY 10, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners"– this week's edition kicks off with the news that a recent analysis from Morningstar suggests that the Department of Labor's (DoL's) new Retirement Security Rule (aka Fiduciary Rule 2.0)

Financial Planner 213

Financial Planner Retirement Planning Retirement Valuation 213

Nerd's Eye View

MAY 3, 2024

At the same time, the study found that potential breakaway brokers view the operational and compliance requirements of transitioning to and doing business as an RIA as a major concern, which could lead some of them to either leverage the growing number of service providers available to RIAs, or perhaps join an existing corporate RIA platform to take (..)

Financial Planner 197

Financial Planner Healthcare Retirement Financial Advisor 197

Random Roger's Retirement Planning

OCTOBER 15, 2022

It is worth repeating that having some number in mind for portfolio size for when you retire based on some realistic work involving how much you make and how much you spend certainly makes sense but that number is no longer relevant once you retire. There are couple of different ways to go with this.

Numbers 57

Numbers Retirement Retirement Planning Portfolio 57

Good Financial Cents

JANUARY 26, 2023

Early retirement has become a popular financial goal. Even if you never retire early, just knowing that you can is liberating! Can You Really Retire at 50? Can You Really Retire at 50? Table of Contents Can You Really Retire at 50? FAQs on Retiring Early at 50 It’s a big bold claim – retire at 50?

Retirement 122

Retirement Taxes Retirement Planning Accounting 122

Integrity Financial Planning

JULY 6, 2022

When taking out your retirement income, it’s important to consider the source. New statements may make it easier to see what you have, but what should you focus on when making a retirement income plan? Quarterly statements will be required to include numbers on lifetime income. Look at the math to understand and believe it.

Retirement 95

Retirement Retirement Planning Math Financial Planning 95

Random Roger's Retirement Planning

MARCH 26, 2024

Let's continue the conversation about all-weather generically and then the Cockroach Portfolio. First a comparison of the Permanent Portfolio Mutual Fund (PRPFX) versus a 60/40 portfolio comprised of two Vanguard mutual funds. Putting 20% in VIXM pretty much doomed that version of the portfolio.

Portfolio 68

Portfolio Management Banking Financial Planning 68

Carson Wealth

AUGUST 25, 2022

How much do I need for retirement?” Your financial needs in retirement can depend on dozens of factors – some known and some unknown. One or two million dollars may seem like a lot of money to have set aside for retirement. A Retirement Reality Check. The concept of retirement continues to evolve with the world around us.

Retirement Planning 98

Retirement Planning Retirement Planning Certified Financial Planner 98

Random Roger's Retirement Planning

APRIL 19, 2024

The Trinity Replication captures some of the effect of the market longer term, maybe enough, maybe not enough, you can look at the other post to get more numbers, but that is what real diversification looks like. Both portfolios have higher standard deviations than the Trinity Replication but much higher returns.

Portfolio 68

Portfolio Accounting Clients Marketing 68

Abnormal Returns

JULY 5, 2023

financiallywelloff.com) Peter Mallouk and Jonathan Clements on the key ingredients of a good retirement. demystifyingmarkets.com) An investment in your health outweighs any tinkering with your portfolio. 403bwise.org) Retirement 9 steps to a productive retirement including 'Stay flexible on the withdrawal rate front.'

Estate Planning 224

Estate Planning Retirement Planning Numbers 224

Clever Girl Finance

FEBRUARY 2, 2024

Starting early with investing for retirement is so important to secure your future self. This means that saving for retirement should be a component of your overall financial portfolio and wealth-building strategy. So, let’s discuss how to save for retirement in your 20s! The 401(k) Plan 2. Traditional IRA 3.

Retirement 81

Retirement Taxes Risk Tolerance Accounting 81

WiserAdvisor

DECEMBER 15, 2023

According to a survey, a significant majority of Americans, approximately 80%, share the common notion that the point of working hard in your adult life is so you can enjoy a nice retirement. After years of dedicated labor and hard work, the prospect of a peaceful retirement appeals to everyone.

Financial Advisor 59

Financial Advisor Retirement Risk Tolerance Retirement Planning 59

Random Roger's Retirement Planning

APRIL 10, 2024

Allison Schrager wrote an article for Bloomberg last week that Wall Just Doesn't Get It On Retirement. I also quipped that people forced to work in "retirement" should not be penalized having to pay more income tax on their Social Security payout. In this context, a $1 million Social Security "portfolio" is considered fixed income.

Portfolio 69

Portfolio Asset Allocation Retirement Taxes 69

Abnormal Returns

JULY 12, 2023

stocks are enough for your portfolio. peterlazaroff.com) Retirement How to build in a victory lap before retirement. savantwealth.com) A real-life example of balancing differing wants in retirement. genyplanning.com) An inheritance raises a number of questions, and opportunities.

Risk Tolerance 207

Risk Tolerance Estate Planning Retirement Planning 207

Random Roger's Retirement Planning

JANUARY 8, 2024

The Wall Street Journal ran an article titled Here's What It's Like To Retire On Almost Nothing But Social Security. He said " he was unprepared for sudden retirement, financially or otherwise." Being unprepared in his context doesn't have to just be about retirement account balances. Think about that.

Retirement 58

Retirement Numbers Accounting Taxes 58

Nerd's Eye View

DECEMBER 21, 2022

By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of a client’s life, advisors often use this data point as the centerpiece when they present a financial plan.

Financial Planning 245

Financial Planning Planning Retirement Portfolio 245

The Big Picture

DECEMBER 8, 2023

That is a significant number to recall whenever people posit we either are in, or just were in, or are about to tumble into a recession. Some retire, take a sabbatical, go on leave, switch to another job, or join the choir invisible. but most months, the specific number is more or less a rounding error. Consider that about 3.6

Numbers 260

Numbers Retirement Economy Accounting 260

Nerd's Eye View

AUGUST 25, 2023

Also in industry news this week: The SEC settled its first charges related to its new marketing rule with a firm that advertised 2,700% annual returns A survey suggests that older Americans prefer the term "longevity" to "aging", perhaps informing the way advisors discuss related issues with their clients From there, we have several articles on retirement (..)

Financial Planner 211

Financial Planner Retirement Retirement Planning Advertising 211

Carson Wealth

MARCH 2, 2023

Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). But even if you feel confident today, would it be reasonable to retire early? How Early Is Early?

Retirement 98

Retirement Taxes Financial Advisor Accounting 98

Fortune Financial

APRIL 11, 2024

The reality for those with various employers is that untracked retirement savings might lead to missed financial growth opportunities and instability. Diligent oversight and management of these retirement accounts is essential for anyone aiming to build a solid financial foundation for a comfortable and secure retirement.

Retirement 59

Retirement Retirement Planning Financial Advisor Education 59

Clever Girl Finance

MARCH 14, 2023

Portfolio income is the money you make from an investment account, and there are several ways to earn it. We’ll also go over the benefits of growing the income for your portfolio and how to deal with taxes from investments! What is portfolio income? Portfolio income is income earned from investment accounts.

Portfolio 85

Portfolio Risk Tolerance Taxes Accounting 85

Clever Girl Finance

DECEMBER 13, 2023

Saving money is an important task at any age, but as you hit your 40s, the need to save for retirement grows. While savers in their 40s and 50s typically have a decade or two left to save for retirement given the traditional age of 65, emphasizing saving now can set you up for a dream-worthy retirement.

Retirement 63

Retirement Accounting Taxes Insurance 63

Random Roger's Retirement Planning

DECEMBER 16, 2022

A few things from the last couple of days all with the theme of retirement planning mistakes to avoid. The 4% rule of course refers to the percentage that can be safely withdrawn from portfolio assets for a sustainable retirement (not running out of money). Lastly is a list of retirement mistakes from Brett Arends.

Retirement 60

Retirement Retirement Planning Healthcare Numbers 60

Abnormal Returns

NOVEMBER 15, 2023

Podcasts Christine Benz and Jeff Ptak talk with Scott Burns about keeping things simple in retirement. ofdollarsanddata.com) Contrary to Dave Ramsey's advice you shouldn't withdraw 8% of your portfolio a year. rationalwalk.com) Another example of how we are bad with numbers. humbledollar.com) How to know when you have 'enough.'

Retirement 241

Retirement Numbers Portfolio 241

Gen Y Planning

OCTOBER 13, 2023

The traditional view of what retirement should be is quickly fading in the rearview mirror as Gen X and Baby Boomers are flipping the script on what your post-career lifestyle can look like. Is there an alternate option to fully retiring – like going part-time, consulting, or switching to freelancing? Do I want to work at all?

Retirement 64

Retirement Consulting Accounting Planning 64

Random Roger's Retirement Planning

NOVEMBER 21, 2023

First up was a webinar about model portfolios at ETF.com. The way my new firm is set up, I could outsource everything, for a fee, and the way this was positioned, I think there might be a decent number of advisors who do just that. I think that when investors hear about model portfolios they sort of think in terms of set and forget.

Portfolio 72

Portfolio Asset Allocation Math Compliance 72

Random Roger's Retirement Planning

JANUARY 27, 2023

Lending Tree posted a study showing how much people need saved to retire in/near 384 cities in the US. The averages you see from various reports are typically more akin to emergency funds than retirement funds. One note about their process is the effective tax rate for the Prescott Valley numbers would be well under 22%.

Retirement 65

Retirement Numbers Taxes Portfolio 65

Random Roger's Retirement Planning

NOVEMBER 13, 2023

A couple of interesting retirement planning items from my reading today. First are two articles about people's reluctance to start to spend down their retirement savings from Kitces and Morningstar , it is a difficult psychological pivot to go from accumulating to decumulating. Something like that probably won't be plan altering.

Retirement 73

Retirement Retirement Planning Commission Medical 73

The Chicago Financial Planner

FEBRUARY 8, 2023

Is my Social Security subject to taxes once I reach my full retirement age? Your full retirement age (FRA) is a key number for many aspects of Social Security. Related to this, if you are working into retirement your wages or self-employment income are subject to FICA and Medicare taxes regardless of your age.

Taxes 291

Taxes Retirement Financial Planner Financial Advisor 291

WiserAdvisor

FEBRUARY 29, 2024

Navigating the complex world of personal finance, especially with retirement looming on the horizon, can be daunting. Working with a financial advisor can significantly enhance your chances of retiring with more wealth. While these numbers may seem abstract at first glance, they highlight a critical point.

Financial Advisor 59

Financial Advisor Retirement Asset Allocation Risk Tolerance 59

Nerd's Eye View

JANUARY 6, 2023

From there, we have several articles on retirement planning: Why an individual’s portfolio of relationships could be just as important as their investment portfolio when it comes to happiness in retirement. Why ‘failure’ scenarios in Monte Carlo simulations are very different than plane crashes.

Financial Planner 198

Financial Planner Retirement Planning Commission Retirement 198

Nerd's Eye View

AUGUST 4, 2023

While the downgrade has made headlines and might be startling to advisory clients (particularly those with significant portfolio allocations to U.S. government's creditworthiness from an AAA rating to AA+.

Financial Planner 205

Financial Planner Retirement Planning Compliance Retirement 205

WiserAdvisor

DECEMBER 21, 2022

Diversification refers to investing in a wide mix of investments within a portfolio. No matter the asset allocation, keeping a healthy mix of stocks is always advised, especially if you are not nearing retirement anytime soon. How many stocks should I have in my portfolio? They also indicate your ownership of a company.

Portfolio 52

Portfolio Financial Advisor Taxes Investing 52

WiserAdvisor

SEPTEMBER 8, 2022

Investing your money involves a number of strategies and instruments. However, if you are nearing retirement, your risk appetite would ideally drop. This is why portfolio risk management can be very critical. However, it is crucial to understand how to manage portfolio risk and what can trigger it.

Risk Management 52

Risk Management Portfolio Management Asset Allocation 52

Nerd's Eye View

DECEMBER 8, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a new study from research firm Cerulli has found that investors' willingness to pay for financial advice has risen over the last 15 years, with more investors reporting using a financial advisor (and a decreasing share considering (..)

Financial Planner 195

Financial Planner Numbers Clients Wealth Management 195