Links - Retirement Finance and Planning

QUOTE OF THE DAY

"…one in four baby boomers has less than $5,000 saved for retirement." --WashingtonPost

CHART OF THE DAY

  

RETIREMENT FINANCE AND PLANNING

Modern Asset Allocations and Withdrawal Rates, PortfolioCharts.com  "The high returns and low volatility found in modern asset allocations open up new frontiers in retirement planning that deserve more attention, and modeling the same tired old stock/bond portfolios over and over (often with dire new warnings) may attract lots of press but misses the boat on the true opportunities for smart investors."  

Does The 4% Rule Work In Today's Markets? Pfau.  "This suggests that in a lower interest rate world, a 3% withdrawal rate reflects something closer to a chance of success than a 4% withdrawal rate historically provided over the broad range of historical market environments." 

Managing Risk Is a Strategic Objective, Part 8, Dirk Cotton.  " In the model for strategic retirement planning, avoiding risks are strategic objectives."  

Managing Post-Retirement Risks. Society of Actuaries.  

These four steps would fix our retirement-savings crisis,MarketWatch.  

Protecting Nest Eggs and Other Retirement Benefits inBankruptcy. National Consumer Law Center.  "For debtors facing financial distress in the twilight of their working years or beyond, bankruptcy’s promised fresh start may depend more on preserving retirement assets and benefits than returning to economic productivity. Even for those in the prime of their working years, losing retirement assets can represent a major lifelong setback."  

Investment Strategies For Retirement Based On ModernPortfolio Theory, Financial Samurai.  "I’ve even met some C students who think they deserve A lifestyles. No wonder credit cards are such big business. They allow consumers to realize their delusions."  

Don’t Let Financial Fears Ruin Your Retirement, Ken Steiner. “Fear, failure to plan, and a lack of confidence in pre-determined drawdown strategies may be significant contributors to the conservative consumption observed among retirees,” 

Financial fraud is hammering retirees, to the tune of $36billion a year.  CNBC.    

5 ways retirees can control long-term health-care costs.  CNBC

What Is The Sustainable Spending Rate For Retirees In 2016?  Pfau.  

A quarter of Americans worry about running out of money inretirement, washingtonpost.com.  "Millennials are the most worried. Twenty-nine percent cited running out of money as their biggest concern. But Gen X’ers were not far behind, at 28 percent. Nineteen percent of Baby Boomers have the concern and 21 percent of people 71 and older are worried, according to the survey."  

Tweaks to Reverse Mortgage Rules Could Reduce Defaults: Boston College, ThinkAdvisor.