Why Withdraw 4% in Retirement When the Market Averages More?

“Then there is the man who drowned crossing a stream with an average depth of six inches.” –W.I.E. Gates The standard financial planner advice when it comes to how much you can spend in retirement is 4% of your nest egg when you retire, adjusted annually for inflation. Actually, the more accurate safe withdrawal rate […]

You Should Know What You are Going to Do in Retirement BEFORE You Retire

“Don’t underestimate the value of Doing Nothing, of just going along, listening to all the things you can’t hear, and not bothering.” –Pooh’s Little Instruction Book by A.A. Milne Recently, I got a small taste of what retirement could look like for me. My wife was on a business trip for the week. I only […]

“Working Retirement:” A Formula for Unhappiness?

“Retirement can be a great joy if you can figure out how to spend time without spending money.” –Unknown “The harder you work, the harder it is to surrender.” –Vince Lombardi When I make the networking rounds in Fort Worth, one of the questions I always try to ask people is “what do you want […]

Revisiting SAFEMAX

“Retirement is just a nice way for the company to tell you that they have found more talented, youthful and skilled staff than you.” –Unknown Back in 1994, William Bengen came out with a seminal study evaluating just how much people could withdraw each year in retirement and not run out of money before they […]

Retirement is the Wrong Goal

“Retirement is the ugliest word in the language.” –Ernest Hemingway When I first went into the Army, I was full of vim and vigor. My friends and I, during weekends at the Officer Basic Course, would sit at one of the local watering holes and talk about doing our 20 years and then deciding whether […]

The Media Wants You to Panic About Retirement

“All right, let’s not panic. I’ll make the money by selling one of my livers. I can get by with one.” –Homer Simpson A recent wave of media articles have trumpeted the notion that nobody is ever going to be able to retire, or, alternatively, if people do retire, they’re still going to have to […]