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A Floor with an Upside: The Best Strategy for Lifetime Income?

Could you live off your investment portfolio indefinitely, if you had too? The answer to that question lies in the relationship among your total assets, your living expenses, your investing skill, the length of your retirement, market valuations when you retire, and market performance thereafter. That’s a lot of variables, only some of which you …

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Why an Annuity Could Be in Your Future…

If you’re like many independent-minded boomers who cut their teeth on the market conditions of the 1990’s, you may harbor serious suspicions about annuity products. Who needs an annuity? With the stock market averaging near double-digit returns in the past, you could easily live off 4%, 5%, even 6% of your portfolio every year, without …

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New Ideas for Retirement Income

How to save for and then generate enough retirement income is a central theme here. It turns out that the tools used to accumulate sufficient assets to retire — portfolio diversification according to Modern Portfolio Theory — are probably insufficient to plan for producing income in the distribution phase of retirement. A while back I …

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Is the 4% Safe Withdrawal Rate Obsolete?

One of the first questions that comes up when looking at modern retirement is “How much money do I need to save?” Amazingly, there was little hard research aimed at answering this question until about the mid-1990’s. Some of the first answers were shown to be overly simplistic, but for the last decade or so …

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