Paul Ruedi Jr. interviews Ryan Repko, the newest addition to the Ruedi Wealth Managment team.
Are people better off using annuities to fund their retirement spending? You will find few questions more hotly debated in the retirement planning industry. People on both sides of the argument have strong opinions that are unlikely to reconcile anytime soon, so I decided to research the subject for myself.
I recently read Warren Buffett’s most recent shareholder letter and I must admit it was my favorite. Though nobody calls me the “Oracle of Illinois,” I couldn’t help but feel like Warren was articulating the same investment wisdom I’ve been promoting on my radio show for the past 25 years.
I included the word “Secrets” in the title slightly tongue-in-cheek. That is because there really are no special secrets, magic pills, or golden tickets when it comes to investing, just rigorously studied principles that are likely to put the wind at your back.
When I get a flurry of questions from clients wondering if they should increase their allocation to stocks, I find the need to remind everyone that risk and return are joined at the hip. We always must be aware that the permanent uptrend in stocks will inevitably be interrupted by stunning temporary declines.
You have probably heard the statistic that 70% of people will need some form of long-term care in their lifetime. Add to that the high cost of long-term care services and you have a financial planning issue that sounds like the stuff of nightmares. But is it worth all the worry it causes retirees?
You always maxed out your 401k and contributed to an IRA when possible. Now you are in your 50’s and you think you are ready to retire early. But before you retire you should be aware that there are several challenges facing those who decide to retire early.
How much retirement income will you need? In this video from Dimensional Fund Advisors, Marlena Lee, PhD provides a framework for understanding how much retirement income you will need to maintain the lifestyle you enjoyed prior to retirement.