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A 2013 Graduation Roundup

Interesting timing. On Monday, Sound Mind Investing posted What To Do About Stock Market Volatility, and you saw how the market traded the rest of this week. The Bernanke talked about ‘easing up on the gas pedal’ but the market confused this with ‘putting on the brakes,’ and Ben had to clarify his statement the next day. Fascinating times.

The Chicago Financial Planner, Roger Wohlner, asked (and answered) Are Retirement Rules of Thumb Useful? He discussed the 4% withdrawal rate. 4% is the generally accepted rate that a retiree can start withdrawing from their retirement funds and have a high chance to not outlive their money. Roger also discussed the 75% rule, that most people can target post retirement income  at about 75% of pretirement income. A great starting point, but Roger discusses why one size doesn’t always fit all.

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At Smart401KBlog, Ray discussed whether Your 401k’s Brokerage Option Right For You? This is an often overlooked option that many 401(k) accounts offer. It can add flexibility and potentially lower your overall cost as well. Nice article, Ray.

Summer Book Reading List For Financial Planners isn’t just for planners, it’s Michael Kitces’ reading list that’s worth a look as it has 10 suggestions, all worth considering if your reading list is getting short.

The 1 percenter tell us why to Watch out for spending creep. It’s easy to let that spending inch up when you have a good income. The trouble is, that money comes from someplace, and in good times, it’s best to keep that savings target as high as you can.

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