Retirement Rules

Forget Rules Of Thumb – And Calculate Your Individualized Income Replacement Rate

While there are some general rules of thumb for retirement income-replacement rates (e.g. 75% to 80% of working income), pinning down your individualized retirement cash flow needs can be difficult. As the author of today’s article notes, “higher-income, higher-saving households may well need just 60% (or even less) of their pre-retirement income during retirement, while lower-earning, lower-saving households may need… 

Rising Rate Retirement Rules

The Federal Reserve just raised interest rates once again and another two rate hikes are now likely before the end of the year. Against this backdrop, the author of today’s article acknowledges that “many market participants, especially retirees with fixed-income-heavy investment mixes, are reasonably concerned about what a period of rising interest rates could mean for their portfolios and for… 

Financial Blasphemy: Why This Adviser Questions The Wisdom Of Maxing Out 401(k) Contributions

The number one rule of saving for retirement is to max out your 401(k) contributions …right? The adviser cited in today’s article has a different take on this widely-accepted piece of financial wisdom, arguing that, for many, there might be better options. For whom does he believe maxing out 401(k)s contributions is not the best option, what does he recommend…