Showing 50 results of 322
There’s a lot to consider when building a retirement income portfolio and avoiding common spending mistakes. Take the time to do the job right!...
Ben has been a saver his entire life, which helped position him for an early retirement at the age of 53. Yet, he faces a big challenge. Having maintained his modest lifestyle, Ben’s comfortable...
Ben has been a saver his entire life, which helped position him for an early retirement at the age of 53. Yet, he faces a big challenge. Having maintained his modest lifestyle, Ben’s comfortable...
2025 will be a banner year for retirees. In January, a hard $2,000 cap on how much they spend out of their own pockets for medications kicks in. Retirees should welcome the new, much lower spending li...
When retirees have more guaranteed lifetime income, they spend significantly more than those with a lot of investments....
The 50/30/20 ratio for working folks is widely available but I haven't found anything comparable for retirees. Is there some ratio recommendation for those retired? In our case (couple) we are spendin...
We get it - not everyone wants to spend much money on phone number location services. Or maybe you'd just want to track a number once and not be bothered by a whole year subscription. So, here come so...
Hey all, I am retiring in 84 days (not that I'm keeping track) I have been accumulating for a long time. I am thinking its going to be a struggle to no longer be saving the same way and having to spen...
The key to beating inflation in retirement is to account for it and incorporate it into your plan....
What if you had a magic app that told you how much of your net worth you never got to spend at the end of your retirement? The trouble with planning for retirement is all the uncertainty, however, pro...
Wondering how much to spend on vacation while being fiscally responsible and still having a good time? In this post, I offer a vacation spending guide to help you manage your spending responsibly with...
I recently discovered a buzzword called “spaving,” which combines spending and saving. It sounds odd – spending money to save ... Read more...
Navigating the risks to retirement, maintaining security and transforming your spending strategy from a “save-only” mindset in order to enjoy your retirement. Today, we’re tackling a...
[Editor's Note: For those who want to inspire the WCI community and teach the knowledge they’ve gained in the financial and/or wellness spaces, we are officially calling for WCICON25 speakers. W...
So I have been retired for about 3 years now and my goal was to try new things and to keep myself active and sharp by leaning new skills. When people ask me what my hobby is I tell them I am a skill c...
I retired literally on the day before the US stock and bond markets began to tank in 2022. So starting my retirement while watching the value of my portfolio go down and down and down while inflation ...
Nice to see two more recent articles in the retirement income press discussing the advantages of dynamic retirement approaches like ours that use guardrails to adjust spending in retirement. These two...
Ongoing planning in retirement involves periodically assessing whether spending may be increased or must be decreased to remain on track. In his recent Kitces.com article, How Communicating Guardrails...
Like many of us, you have been working and saving for decades for just this moment: retirement. Even though you ... Read more...
Over on the wiki for this sub there are no less than 33 retirement calculators. Many are used in the FI community to figure out what their 'number' is, not so many are designed to figure out a few har...
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for more answers to listener questions about...
Today’s guest post is from David, a long time blog reader. He retired early at age 52. In the five years since, he has lived exclusively off of his investments while leading an adventurous lifes...
Should Brian in Binghamton, New York pay off his mortgage for a guaranteed 6% return? How bad did Steve in Pittsburgh screw up his retirement, and can he afford to buy a new house away from his a-hole...
As discussed many times in this website, the Actuarial Approach employs a model and a process that involves systematic comparison of household assets and liabilities and tracking of the resulting hous...
I just read at article that cited a T Rowe Price survey which found that half of those surveyed reported that their annual spending increased by up to 25% after retiring. This was surprising because c...
We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic. On this episode, we wrap up our Wisdom for Our Children s...
During the working and saving years, there are various rules of thumb about how to apportion earned income. For example, there is a 50/30/20 rule that breaks things up into percentages of Needs, Wants...
This is Part 2 of a 3 part post. If you missed part 1 last week, check it out here. Can money buy happiness? It’s a great question! And it’s complicated… Investing Versus Spending I...
3 steps to getting a solid handle on your retirement savings in this shaky market....
Sept. 8, 2023 — The number of people using Medicare has grown steadily as baby boomers become eligible. But defying predictions, spending per Medicare recipient has levelled off, which brings un...
Recently closed a house and after all closing costs, I will have $1m cash on hand. Anticipated Retirement Income: $80,000. Age 60. Anticipated SS: $44,000 annually. 401k: 750k, currently in retirement...
I've read through some posts about people being afraid of spending their 401k and most responses assume you aren't depending in the 401k to be your main source of income. The only pension I have may b...
It seems that every other article we read these days in the retirement media involves someone’s thoughts about how best to withdraw funds from accumulated savings to supplement income from other...
submitted by /u/mmura09[visit reddit] [comments]...
Once the worst of the pandemic passed, some of us turned from being savers to spenders — setting ourselves up for potential disaster....
Frugality is hard habit — for some, it’s hard to learn, and for others, it’s hard to break. A lifetime, ... Read more...
Update: as someone who never created a spending budget (link below), I finally did one as we get closer to retirement. Tried Mint and Personal Capital, but neither worked well for me (PC couldn't down...
Workers trying to save a few tax dollars can lose a lot more....
Does anyone out there in Reddit retirement land have lived experience with the Bernicke spending model? Have you found that your spending has gradually and naturally decreased by 3% a year? Is it a cr...
Former General Electric CEO Jack Welch once nearly died of a heart attack....
A few weeks ago, this TikTok video about how much a couple spends on a date night in the midwest, went viral on FinTwit (financial Twitter): https://www.tiktok.com/@dollarswithdrew/video/7130826665240...
The first five years of retirement can shape the next 20. Learn how market declines, taxes, Social Security and spending can affect your retirement plan.
According to our financial advisor we’ll have about $900,000 when we’re 94! I doubt we’ll live that long though. He also said we’re actually “under spending”. My husband wasn’t happy that he said that...
It is always interesting to review spending levels recommended by advisors and financial commentators for hypothetical retired households and compare them with amounts generated using the Actuarial Fi...
Happy retirees reported spending 280 more hours a year on hobbies, friends, and meaningful activities. See how core pursuits may help shape a fulfilling retirement.
We are pleased to announce the availability of our new RMD Tax Present Value Estimator workbook. To determine the present value of future household spending liabilities, the Actuarial Financial Planne...
Record market highs can present an opportunity to retire earlier than planned, provided your strategy relies on spending control, risk management and more.
After decades of saving, many affluent retirees find spending harder than accumulating wealth. Here is why money habits are so hard to break — and how to finally enjoy your savings.
Why wait until December to review your financial plans? You'll have a clear enough picture of income, spending and investments to make meaningful decisions now.
Retirees often overpay their taxes because they mix up their cash flow, income and actual spending. Understanding the differences can help you stay in control.