Archive for the ‘Retirement’ Category
The ideal retirement withdrawal rate
Posted: November 3, 2012 at 5:45 pm
NEW YORK (Money Magazine) -- I hear I can take only 4% a year from my portfolio. Why can't I take more? -- Alfred Williamson, White Hall, Md.
The oft-cited rule is to start by pulling 4% from your savings and then increase the dollar amount of that draw by the inflation rate each year to keep up your purchasing power. (That annual inflation adjustment is why you can't just withdraw what your investments earn.)
Do that, and you have a good chance that your nest egg will support you for decades.
Real-world complications, though, can wreak havoc with the 4% strategy -- just ask anyone who left work on the eve of the 2000 or 2008 bear markets.
Here's the hitch: Even if you could know in advance what average return you'll earn in retirement (which, of course, you can't), you wouldn't know what your savings would earn from one year to the next.
With a mix of stocks, bonds, and cash, you'll have some years when returns are excellent, others when they're average, and some when they're downright dreadful. And when you're drawing cash from your portfolio, it's the year-to-year ups and downs that help determine how long your savings will last.
Related: Tame the threat of inflation in retirement
After decades of paying attention to long-term averages while you saved, you need to readjust your thinking.
As the table below shows, when you suffer a sizable setback or a string of lousy returns, especially early in retirement, the combination of rising withdrawal amounts and subpar performance can so seriously deplete your portfolio that your chances of running through your savings dramatically increase.
The fact is, given all the uncertainties in retirement -- how your investments will perform, what your actual expenses will be, how long you'll live -- you can't pick the ideal withdrawal rate in advance. You'll either deplete your savings too soon or leave behind money that you could have enjoyed.
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The ideal retirement withdrawal rate
Make your retirement savings last
Posted: at 5:45 pm
NEW YORK (Money Magazine) -- I hear I can take only 4% a year from my portfolio. Why can't I take more? -- Alfred Williamson, White Hall, Md.
The oft-cited rule is to start by pulling 4% from your savings and then increase the dollar amount of that draw by the inflation rate each year to keep up your purchasing power. (That annual inflation adjustment is why you can't just withdraw what your investments earn.)
Do that, and you have a good chance that your nest egg will support you for decades.
Real-world complications, though, can wreak havoc with the 4% strategy -- just ask anyone who left work on the eve of the 2000 or 2008 bear markets.
Here's the hitch: Even if you could know in advance what average return you'll earn in retirement (which, of course, you can't), you wouldn't know what your savings would earn from one year to the next.
With a mix of stocks, bonds, and cash, you'll have some years when returns are excellent, others when they're average, and some when they're downright dreadful. And when you're drawing cash from your portfolio, it's the year-to-year ups and downs that help determine how long your savings will last.
Related: Tame the threat of inflation in retirement
After decades of paying attention to long-term averages while you saved, you need to readjust your thinking.
As the table below shows, when you suffer a sizable setback or a string of lousy returns, especially early in retirement, the combination of rising withdrawal amounts and subpar performance can so seriously deplete your portfolio that your chances of running through your savings dramatically increase.
The fact is, given all the uncertainties in retirement -- how your investments will perform, what your actual expenses will be, how long you'll live -- you can't pick the ideal withdrawal rate in advance. You'll either deplete your savings too soon or leave behind money that you could have enjoyed.
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Make your retirement savings last
How to Reinvent Yourself in Retirement
Posted: at 5:45 pm
After what has hopefully been a successful career, you find yourself at the doorway to life's next chapter. Retirement offers the promise of living the life you have always wanted to. You now have the opportunity to take it easy or explore a brand new career. Or perhaps you want to travel or try your hand at some artistic pursuits that have intrigued you over the years.
With the majority of your life spent immersed in a career, it should not be surprising that your personality has been influenced by company life. Who you are has been significantly shaped by what you do. However, your successful career-driven persona is not necessarily the best vehicle to realize a fulfilling retirement. Behaviors that led to your success while employed may be out of place in a post-employment world. For example, if you think you are going to use your management skills to "improve" the way your wife runs the home you are sadly mistaken.
As you leave the working you behind it is important to discover who you want to be moving forward. When someone asks what you do, how will you describe yourself now that you are no longer working?
If you hope to realize a fulfilling retirement, it is important to separate the working you from the retired you. In your second act you have the rare opportunity to make adjustments that can improve upon who you want to be in retirement.
Don't expect to lean on your accomplishments from the job. In retirement you need to have a new story to spin. Tales of old victories won while working quickly lose their impact over time. But this challenge can be an opportunity. You no longer need to regale friends in topics that they do not understand or care about. Among retirees you now share a common thread, and you are likely to encounter similar situations and challenges. Victories realized are sweeter when those around you can appreciate them for what they are instead of struggling to understand them.
You need to reinvent who you are. It is important to accept that who you were on the job is not who you are now. Take time to reflect and better understand which on-the-job personality traits will fit in with and compliment your future, and what changes or improvements you would like to make. Now that you are no longer required to do whatever it takes to make a buck you can occupy yourself with what you enjoy.
Aim to redefine success. While working clear goals were laid before you, and you knew how success was measured. In retirement there are no such guidelines unless you make them. It could be as simple as setting a goal to get through the top three items on your to-do list. Or your success may be achieved when you can play a melody on the guitar with minimal mistakes. Having measures of success can help give you a feeling of achievement that is sometimes left behind on the work site.
Make friends beyond business acquaintances. Sometimes when you exit the working world the friends you thought you had move on with their lives. Without the shared bond of the job you may have little in common. But as life situations change so do our friends. How many people still keep in contact with best friends from high school or college? Now that you have the time, you might want to reach out to forgotten friends from days gone by or reestablish ties with family members who fell to the wayside over the years. As your activities change you will meet new people with similar interests to share your time.
Dave Bernard is the author of Are You Just Existing and Calling it a Life?, which offers guidelines to discover your personal passion and live a life of purpose. Not yet retired, Dave has begun his due diligence to plan for a fulfilling retirement. With a focus on the non-financial aspects of retiring, he shares his discoveries and insights on his blog Retirement-Only the Beginning.
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How to Reinvent Yourself in Retirement
VicSuper What Women Want Part 1 – Video
Posted: November 2, 2012 at 12:58 am
VicSuper What Women Want Part 1
Part 1 of 5: Hear from an expert about why you need to invest, what asset classes are, how to manage your superannuation, making the transition to retirement, debt recycling and case studies of Australian womenFrom:VSFundViews:1 0ratingsTime:13:53More inEducation
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Shane Watson Vs Shaminda Eranga 3rd Test 2011 SSC – Video
Posted: at 12:58 am
Shane Watson Vs Shaminda Eranga 3rd Test 2011 SSC
Shaminda Eranga Scalps Shane Watson in his FIRST Ever Bowl in Test Cricket Australian Cricketers Cheating Ricky Ponting fighting with umpires Inzamam Funny Dhoni Biggest Six IPL 2012 Dhoni 183 vs Srilanka Dhoni Fastest Stumping ever Ms Dhoni Six vs srilanka Final 2011 World cup Chris Gayle 5 Sixes Chris Gayle 13 Sixes Afridi Biggest Six vs Symonds Brett Lee Retires From International Cricket Mark Boucher Eye Injury Kevin Pietersen Returns From Retirement Afridi 37 Ball 100 Saeed Anwar 194 vs India Sachin Tendulkar 200 vs South Africa Sachin Tendulkar 100th 100 Highlights Imran Nazir vs India Saeed Ajmal vs England Saeed Ajmal Doosra Saeed Ajmal Teesra Sehwag 219 vs Westindies Sunil Narine IPL 2012 Sunil Narine vs Newzealand Sunil narine Wickets vs Australia Yuvraj Singh Six Sixes vs Broad t20 Darren Sammy Sixes Kieron Pollard vs India Hundred Junaid Khan 5 Wickets vs SriLanka 2012 Sangakkara Stranded on 199 vs Pakistan 2012 Mathews 80 vs pakistan 5th odi 2012 colombo India vs Pakistan Biletarel ties Cricket ODI and T20 2012 India vs Pakistan 3 ODI and 3 T20 2012 in India December Shakib Al Hasan vs India Asia cup 2012 Tamim Iqbal four half century Asia cup 2012 Bangladesh vs India Asia cup 2012 Full Highlights Sachin 100th Hundred Highlights Sachin 143 vs Australia Sharjah 1998 India vs Pakistan 2011 World cup Semifinal Highlights Hashim Amla 300 vs England England vs South Africa 1st Test 2012 Full highlights Bangladesh vs Ireland 3rd t20 2012 highlights Sunil Gavaskar ...From:cricinfo2012Views:0 1ratingsTime:00:50More inSports
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Shane Watson Vs Shaminda Eranga 3rd Test 2011 SSC - Video
My opinion on the retirement of Dorf68 – Video
Posted: at 12:58 am
My opinion on the retirement of Dorf68
My own personal opinion.From:brewunstoppableViews:6 1ratingsTime:02:34More inEducation
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My opinion on the retirement of Dorf68 - Video
"Whispering" by The Leisuretones (1970) – Video
Posted: at 12:58 am
"Whispering" by The Leisuretones (1970)
This is what happens when retirees in central nj in 1970 form a group for a variety show and decide to make a vanity record. I found this lp recently, and even though it #39;s different than most of my other offerings, i found it pretty endearing and decided to share. According to the liner notes, the Leisuretones were all residents of LeisureTowne NJ, a retirement village in Burlington. As you can hear there is something very off about the recordings. There are a few vocals, but most songs on the lp are instrumentals. I can #39;t find any info about this lp--but i figure these guys went through the trouble of recording an album, so i might as well help it get heard. enjoyFrom:popsoundsoftViews:0 0ratingsTime:03:08More inMusic
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"Whispering" by The Leisuretones (1970) - Video
Retirement Homes Christchurch …Call 0800 588 222 – Video
Posted: at 12:58 am
Retirement Homes Christchurch ...Call 0800 588 222
CLICK HERE http://www.rymanhealthcare.co.nz Free Call 0800 588 222 Christchurch Retirement Homes, we can provide many choices. Check out the Ryman Difference. We would love to offer you a glimpse into the vibrant village life and care provided in a Ryman retirement village, so you can appreciate why our residents and their families have chosen a Ryman village. Our Retirement Village Christchurch locations include Anthony Wilding Village, 5 Corbett Crescent, Aidanfield Christchurch; Village Manager: Margaret Griffiths, Ph 03 338 5820 Beckenham Courts Retirement Village, 222 Colombo St, Beckenham Christchurch; Village Manager: Rosemary Deane, Ph 03 337 2702 Diana Isaac Retirement Village, Lady Isaac Way, Off East Ellington Drive, Shirley, Christchurch; Village Manager: Jenny Thiele, Phone: (03) 386 3018 Margaret Stoddart Retirement Village; 23 Bartlett Street, Riccarton, Christchurch: Village Manager: Maria Warriner, Ph 03 348 4955 Ngaio Marsh Retirement Village; 95 Grants Road, Papanui, Christchurch, Village Manager: Pauline Edmunds. Ph 03 352 5140 Woodcote Retirement Village; 29 Woodcote Avenue, Hornby, Christchurch; Village Manager: Liz Hampton, Phone 03 349 8788 Ryman makes the difference in Retirement Homes Christchurch has to offer. Christchurch Rest Homes are also part of the Ryman collection. Call us 0800 588 222 or just Click Here http://www.rymanhealthcare.co.nzFrom:YourVideoLinkViews:2 0ratingsTime:00:41More inNews Politics
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Northwest Bus Sales – 1999 Ford Eldorado 20 Passenger w/ Wheelchair Lift Bus For Sale – S84080 – Video
Posted: at 12:58 am
Northwest Bus Sales - 1999 Ford Eldorado 20 Passenger w/ Wheelchair Lift Bus For Sale - S84080
More buses @ http://www.nwbus.com Here #39;s a great lower mileage used wheelchair accessible bus that #39;s perfect for your retirement living facility, church or transportation company. This bus appears to have been very well maintained and cared for and has many more years and miles of service available for you! 1999 Ford Eldorado Aerotech 20 Passenger Shuttle w/ Wheelchair Lift Bus Body Manufacturer and Model: Eldorado Aerotech Chassis Manufacturer: Ford E450 Year: 1999 Engine: Ford 6.8 Liter V10 Gas Transmission: Automatic Transmission w/ Overdrive GVWR: 14050 lbs. Mileage: 92335 Passenger Entry Door: Electric Operated Entry Door Passenger Capacity: 20 Passenger Seating or 16 + 2 Wheelchairs Heat: Driver and Passenger Heat System A/C: Passenger A/C OEM Driver Dash A/C Mirrors: Large Exterior Mirrors w/ Convex Media: AM/FM/PA Options: Engine Block Heater Tilt/Cruise Ricon Wheelchair Lift LED Brake/Turn/Tail Midship Marker Lights Air Ride Driver Seat Full Rubber Floor Passenger Seat Belts Tour Style Windows w/ Tint T-Sliders Left Right Hand Entry Grab Rails Ceiling Grab Rails 2 Fold Away Seats Stainless Wheel Inserts Please call us at 1-800-231-7099 with any questions about this bus for sale or any buses for sale on our website. If you are traveling from out of town, we #39;re happy to pick you up at the airport or your hotel. If you would like some help with travel arrangements we can make recommendations. All buses for sale on website are located on our lot in Edgewood ...From:TheMrfixyViews:1 0ratingsTime:04:30More inAutos Vehicles
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Northwest Bus Sales - 1999 Ford Eldorado 20 Passenger w/ Wheelchair Lift Bus For Sale - S84080 - Video
Sly Cooper: Thieves in Time – Halloween Trailer – PS3 / PS Vita – Video
Posted: at 12:58 am
Sly Cooper: Thieves in Time - Halloween Trailer - PS3 / PS Vita
Sly Cooper, the prince of the night is drawn out of a retirement to solve the mystery of disappearing pages from Thievius Raccoonus, the Cooper family #39;s ancient book of master thievery. During his adventures, he and his sidekick Bentley win the best costume prize this Halloween for their multiple changes throughout the game. There is, however more than meets the eye with these extravagant costumes... Each costume has its own strengths and weaknesses, and besides helping the daring thieves blend in, they also can be useful in solving puzzles or fooling guards.From:ItsElvioViews:0 0ratingsTime:01:28More inGaming
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Sly Cooper: Thieves in Time - Halloween Trailer - PS3 / PS Vita - Video