Category Retirement Finance
Withdrawal strategies in retirement
Withdrawal Strategies in Retirement Clearly, unless you are in the fortunate position of having been a longtime employee with an employer providing a guaranteed, generous and indexed pension plan (e.g. you’re a retiree from a government job), withdrawal rates from your accumulated assets will be one of the more stressful decisions that you’ll have to […]
Is retirement past its prime?
Is Retirement Past its Prime? Last week I attended an interesting and informative CFA Institute sponsored talk by Michael Falk of ProManage on the above topic. He points out that, while the nature of retirement is an individual choice, societal implications and fiscal viability of these individual choices will be determined by demographics in the […]
Pension or lump sum
Pension or Lump Sum? Reading Theo Francis’ “Pension tension: figuring out when to lump it” in the WSJ, reminded me of the time when I had to make the decision, about five years ago. For what it’s worth, I’ll later give you some of my rationale for choosing to go with a pension, rather than […]
Vanguard GLWB vs. other decumulation strategies
Vanguard’s GLWB: Credit to Vanguard for delivering on the promise (Originally posted November 7, 2011 and re-hosted in March 2012) In a nutshell Vanguard’s GLWB finally meets the promise of the value inherent in GLWB/GMWB-like strategies. We can only hope that Vanguard will also offer this product eventually in Canada. Vanguard’s GLWB is a great compromise […]
Portfolio Management
Portfolio Management Investment Strategy Given a Strategic Asset Allocation (the proportions/weights of the various asset classes), then you must find the appropriate vehicle to implement each asset class in the portfolio. For each asset class one can choose a passive (composition same as the index of the asset class) or an active approach (whereby composition […]
Asset Allocation
Asset Allocation It is well known that risk and return are closely related. Higher returns are generally accompanied by higher risk (or variability of returns, usually measured by standard deviation of returns). For example, CDs or GICs (up to federally insured amounts) issued by banks have lower but fixed returns than expected returns of […]
Retired
Retired How much can I withdraw per year Will I run out of money Do I want to and/or will I be leaving an estate Have I got the right asset mix to achieve the desired objectives (withdrawal rate, estate) Withdrawal Strategies in Retirement Clearly, unless you are in the fortunate position of having been […]
Transition
(Originally posted February 7, 2007) Overview As we are approaching retirement there are many things to consider. The primary focus of this website is financial rather than lifestyle oriented. However, the choice of lifestyle will dramatically affect income requirements. 1. First the ‘what’: -what do you plan do in retirement? Part-time work, volunteer, study, travel? […]
Planning
Overview This educational material is not intended to push you into becoming a do-it-yourselfer. Almost everyone can benefit from going to a reputable fee-only financial planner to help them develop a plan and set an initial asset allocation consistent with objectives, risk tolerance and constraints. The information that will be discussed should help you become a […]
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