The Withdrawal Rate

The author of this week’s article tells us the “so-called withdrawal rate should shrink to 3.3% from 4% according to a Morningstar report.” What does that mean? The withdrawal rate refers to how much a retiree can “safely” withdraw from their savings each year without...

The Withdrawal Rate

The author of this week’s article tells us the “so-called withdrawal rate should shrink to 3.3% from 4% according to a Morningstar report.” What does that mean? The withdrawal rate refers to how much a retiree can “safely” withdraw from their savings each year without...

Considering Both

Commentary: We have been asked a question about whether someone should choose either an annuity product or a life insurance policy. That question is a reminder that it isn’t an ‘either/or’ choice. You may want to consider both annuities and life insurance for your...

Six Questions to Ask

Commentary: When building the foundation for your retirement income strategy, it’s important to consider ways to ensure your money lasts as long as you need it. Speaking with us about the following six questions can be a good starting point. 1) How much of your...

Do you know what FIRE is?

In the context of planning for your retirement, it stands for Financial Independence, Retire Early and it represents a philosophy where people become committed to a program of what many would consider extreme savings coupled with investments that aim to enable...

Early retirement whether wanted or not

This week’s article tells us “More than a quarter of all workers say COVID has prompted them to move up their retirement date, found a survey released in February by the National Institute for Retirement Security.” One study even suggested that nearly 2 million...