How best to frame your retirement planning strategy, that is how we are focusing our efforts now. You may have noticed a shift in our approach to focusing on the accumulation phase and the distribution phase. These two broad categories give you insights into the two frames of mind you need to successfully navigate your own retirement planning strategy.
Retirement Planning Strategy – doing the right things during the accumulation phase.
I am a big fan of best practices, and this seems like a reasonable place to start with respect to retirement saving. Here’s How to Build Wealth Like a Multimillionaire
Every move you make in the run up to your retirement is important. The last moves are often the most important. Steps to Take in the Year Before You Retire
This robo-advisor, Wealthfront, is getting a lot of press. Indeed last week we shared a comparison of Wealthfront vs. Vanguard as an investment model. Here is some more background on Wealthfront, if you were intrigued. Wealthfront Review 2016: Fees and Investment Facts
Retirement Planning Strategy – delivering income in retirement.
Here is a review of global best practices. See how other countries smooth the transition to the ‘distribution phase.’ What the US gets wrong about lifetime income
I may be an outlier, preaching the value of annuities. I am particularly fond of lifetime income annuities. This quick read gives you a sense for some options. The deferred income annuity is just a QLAC (Qualified Longevity Annuity Contract) for non-qualified money. 5 Best Annuities for Your Financial Plan
Read this cautionary tale about Spain’s retirement safety net and Social Security, and you will contact your representative about getting something done here. Spain’s Bankrupt Social Security System – Is This What Awaits the U.S. Too?
To be fair, the 4% rule was sound when proposed. Here are some ways to rescue it for today, if you prefer a simpler model. Here Are the 4% Retirement Rule’s Major Flaws
Retirement Planning Strategy – plan for your future expenses.
I realize no one wants to consider this, but …. Fact is healthcare and long term care costs are a big, glaring reality in retirement. Plan for them, you will thank me. How to Pay for Nursing Home Care
Retirement Planning Strategy – understand the investing/retirement environment.
Here is a quick checklist to consider. Longevity, of course, plays a large role. Nine different ways to think about money
This piece gives interesting background of the retirement plan options and the drivers of the retirement funding challenge. Why the Retirement Train Wrecked