Your Own Retirement Blog

Assessing Risk in Retirement Income

By Your Own Retirement | October 20, 2017

Assessing Risk in Retirement Income When it comes to investing, there’s no such thing as a “safe bet.” Every type of financial vehicle has some level of risk, even checking and savings accounts. Back in the 1920s, people believed that the safest place to keep their money was a bank, and they were right. But…

8000 days

Income Strategies for an 8,000-Day Retirement

By Your Own Retirement | October 13, 2017

Income Strategies for an 8,000-Day Retirement By 2030, it’s estimated that 20 percent of the U.S. population will be over age 65.1 That means a fifth of all Americans will be on the fringe of retirement or already retired, a milestone that’s generally perceived to come late in life. But consider this, there are approximately 8,000…

Evidence-Based Investing

What is Evidence-Based Investing?

By Your Own Retirement | October 6, 2017

What Is Evidence-Based Investing? The evidence-based approach originated in the medical field to promote the use of clinical experience and the best available research to make decisions about individual patient care.1 In the investing world, this translates to a goal of using current evidence to help maximize an individual’s investment returns while minimizing risk from…

Retirement Plan Fees: Know What You Are Paying

By Your Own Retirement | September 22, 2017

Retirement Plan Fees: Know What You Are Paying Many large companies offer employees a 401(k) plan with some degree of matching contribution. Although this is a good employee benefit to have, you always should pay attention to the fees involved in your plan. Your plan provider charges various fees to invest, manage and administer the…

Strategic vs. Tactical Asset Allocation

By Your Own Retirement | September 15, 2017

Strategic vs. Tactical Asset Allocation In recent years, the markets, the economy and the global political scene have evolved considerably. We’ve witnessed both remarkable volatility and remarkable resilience in these areas. The reality is that less predictability in today’s economic landscape requires more vigilant risk diversification, coupled with the ability to adapt to a fast-changing…

Five Reasons to Put Your Retirement Countdown on Hold

By Your Own Retirement | September 8, 2017

Five Potential Reasons to Put the Retirement Countdown on Hold Retirement is still something most people look forward to, but over the years, some of the reasons for anticipation have dwindled. During the industrial age, more people worked jobs requiring manual labor that were hard on the body. By mid-century, many rank-and-file workers could look…

How Much Money Do You Need to Retire?

By Your Own Retirement | September 1, 2017

How much money do you need to retire? That’s about as personal a question as, “What do you look for in a spouse?” or “What is your dream job?” The answer is different for everyone. So are questions about when you want to retire, how you want to retire (suddenly or gradually) and where you…

Taxes and Retirement Planning

By Your Own Retirement | August 25, 2017

The White House recently introduced what it billed the “biggest tax cut” in U.S. history. While a presidential tax proposal is not likely to get passed without significant changes, the fact that Republicans dominate both chambers of Congress suggests 2017 may well be a year in which significant tax reform is engineered.1 One thing should…

Preventing Elderly Financial Abuse

By Your Own Retirement | August 18, 2017

A recent study by the Center for Retirement Research at Boston College concluded that many retirees who do not suffer from any cognitive impairment can still manage their money through their 70s and 80s.1 The study reports that financial capacity relies on accumulated knowledge and that knowledge stays mostly intact as we age. However, the study…