Should I Stay or Should I Go?

“Every dreamer knows that it is entirely possible to be homesick for a place you’ve never been to, perhaps more homesick than for familiar ground.” –Judith Thurman “There are things you just can’t do in life. You can’t beat the phone company, you can’t make a waiter see you until he’s ready to see you, […]

How Much Retirement Does $1 Million Buy?

“If it weren’t for baseball, many kids wouldn’t know what a millionaire looked like.” –Phyllis Diller One of the most commonly asked questions I get as a financial planner is “when can I retire?” followed by “how much money do I need to retire?” The answer, of course, is “it depends.” How much you need […]

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 […]