This post is a follow-up to our shameless Ginzu-Knife themed commercial for the Actuarial Financial Planner (AFP) in our post of July 21, 2022. Since that post, the AFP has received admittedly-indirect endorsements from two frequent financial writers. We describe these “endorsements” below.
Monday, August 29, 2022
Saturday, August 13, 2022
How Should Purchasing an Annuity Affect Your Retirement Portfolio Investment Mix?
As discussed most recently in our post of July 27, 2022, annuity purchase rates for single premium immediate life annuities have become more favorable over the past five months. As a result, you may be considering purchase of a single premium life annuity in the near future to strengthen the Floor Portfolio you use to fund your Essential Expenses. In this post, we will once again discuss how changes in your
- Present value of Essential Expenses,
- Present value of Non-Financial Floor Portfolio assets, or
- Accumulated savings
can affect the optimal investment mix in your financial asset portfolio (accumulated savings) under the Safety-First investment strategy.
Wednesday, August 10, 2022
The Retirement Researcher Constructs a Household Balance Sheet Using Basic Actuarial and Economic Principles
In Episode 25 and Episode 26 of their “Retire With Style” podcasts, Dr. Wade Pfau and the Retirement Researcher team discuss the benefits of constructing a household balance sheet to measure the adequacy of household assets vs spending goal liabilities. They call the ratio of household liabilities to household assets “the Funded Ratio.” The information contained in the balance sheet, including the Funded Ratio, combined with results of their Retirement Income Style Awareness (RISA) Profile (discussed in our post of October 6, 2021) serves as the basis for their recommended household retirement plan.
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