Saturday , 15 August 2020


Finance

Which Retirement Income Strategy Is Best? Here’s a Look At Three (+2K Views)

There are a lot of choices to consider about which retirement income strategy to pursue but which is the best is remarkably difficult to determine as “best” depends heavily on how you measure what “best” means. Careful thought about how a strategy will be evaluated is an essential aspect of the process in crafting an approach to financial planning. This article analyzes 3 such approaches based on wealth, spending, probabilities of success, magnitudes of failure and utility functions that weigh both the upside and downside risks.

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How Much Money Do You Need to Retire?

Retirement planning is a process and not an event. You don’t simply set a course of action and follow that exact plan for your remaining days. Financial plans should be open-ended because there will always be corrective actions, updates, changes in strategy, or difficult decisions that have to be made. It’s like the old saying, “Plans are useless but planning is indispensable.”

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