Category Retirement Planning

Spending and risk tolerance in retirement: How much can I spend in retirement?

In a nutshell The risk of outliving retirement savings is a persistent worry of those approaching or in retirement. A tool was built to help answer the “How much you can spend each year without running out of money?” question based on givens (age, assets, income/pension, risk-free rate and tax rate), maximum stock allocation (based […]

On-track to retirement? Objectives, plans and feedback to align: savings rate, retirement age, and expenses

In a nutshell An annually exercisable feedback mechanism in tax-deferred retirement accounts (e.g. 401(k), IRA or RRSP) is provided to assess whether a pre-retiree is on track to achieve financial objectives for retirement and identify corrective steps required to align plan execution and expectations. Shortfalls to objectives can be eliminated by adjusting: annual savings-rate, retirement age and if necessary the planned retirement […]

“The Intelligent Portfolio” by Christopher L. Jones

This book offers easy to understand investment advice, explains what’s important and what is not, and how/why things work the way they do based on modern portfolio theory. Well worth your reading time. While the book does a great job on the retirement asset accumulation part of one’s lifecycle unfortunately, it dismisses quite lightly the […]

Control what you can!

(Originally posted June 13, 2009)

What Now? (October 13,2008)

What Now? (October 13,2008) In a Nutshell The impact of the recent market drop must be assessed on our financial health and corrective action may be required: -review current annual spending in detail, and set budget for next near -estimate expected “must” and “want” expenditures in retirement -identify the known (secure) pension sources of income […]

Am I on track for retirement?

Am I on track for retirement? In a nutshell An essential missing element from DC plans is a feedback loop which at least annually gives you an indication of whether you are on track to your planned retirement date and income level. Wade Pfau, whose work on safe savings ratesI reviewed a few weeks ago, […]

Contribute to RRSP or TFSA? 401(k) or Roth 401(k)? Tax-free or Tax-deferred?

(Originally posted October 27, 2008) The short answer is that there is no short answer. This is question that American investors had to struggle with for a while, and fortunately Canadians will have to grapple with starting next January when TSFAs become available here. Basically there are two broad categories of investment vehicles: tax-free (or […]

How much do you need in retirement?

How Much Will You Need in Retirement?  One reads that required retirement income is 60-80% of pre-retirement income. However, given the increased time available for leisure and travel, it is not difficult to imagine income requirement equal to or greater than pre-retirement. Clearly there is a difference between essential and discretionary expenses. The traditional approach […]


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 […]