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 […]

The One Trick You Need to Save More for Retirement

Do you worry about your retirement? Don’t think you save enough? Do you tell yourself that, come next year, you’re going to save more, gosh darn it? Do you find that, when next year comes around, you’re not saving any more? Want to break the cycle? Read on and find out how. “Without deadlines and […]

What My Dog Wishes I Knew About Personal Finance

“When a man’s best friend is his dog, that dog has a problem.” –Edward Abbey I never had a pet growing up. My parents bought me five fish when I was about nine years old. The fish all got ick and died in a couple of months. Down the toilet they went, and that was […]

How Bad is Bad? The Magnitude of Failure in Retirement Planning Scenarios

“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” ― Ernest Hemingway, The Sun Also Rises Financial planners love numbers. They want some sort of quantifiable way to tell you whether or not you’re going to succeed in goals. Like the weatherman who says that there’s a 30% chance of rain (how come it’s […]