Safety-First Retirements
Strategies To Consider When Building An Effective Retirement Income Plan
The challenge in building an effective retirement income plan is to use available income tools and tactics in a strategic manner to meet the financial goals of retirement while also managing the risks confronting those goals. The financial goals of retirement include sustainably meeting a lifestyle spending goal for as long as one lives, providing…
Read MoreWhat Do Market Expectations Have To Do With Safe Withdrawal Rates?
Rather than asking for the probability of success associated with a particular withdrawal rate, we could calculate the highest sustainable withdrawal rate linked to a particular probability of success.
Read MoreWhat Is a Safety-First Retirement Plan?
The safety-first school of thought was originally derived from academic models of how people allocate their resources over a lifetime to maximize lifetime satisfaction.
Read MoreCosts and Incidence of Long-Term Care
How likely is a person to experience a need for different types of long-term care? This is a challenging question and it is hard to find good answers.
Read MoreSafety-First Retirements Are Expensive with Low Interest Rates
Building an inflation-protected spending floor in retirement can be incredibly expensive in a low interest rate environment.
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