Preview of Upcoming SECURE Act Lifetime Income SLA Disclosures

In this post, we will deviate slightly from our normal focus of trying to help retirees make better financial decisions to focus on the upcoming lifetime income disclosure requirements imposed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, as implemented in subsequent Department of Labor/Employee Benefit Security Administration (DOL/EBSA) guidance (which has yet to be finalized). This post is a follow-up to our post of November 18, 2020.

Focus on Retirement Spending, Not Retirement Income, Part II

It is always nice when we run across a personal finance expert who speaks the same language that we do. This week, we read an article by Christine Benz entitled “Forget Income Replacement, Focus on Supplying Cash Flow Needs.” Ms. Benz is the Director of Personal Finance at Morningstar. The title of her article reminded us of our post of June 14, 2020, Focus on Retirement Spending, Not Retirement Income. 

What Services Do You Want (or Need) From Your Financial Advisor?

As noted in many of our posts, our mission is to help you make better (or good) financial decisions in or near retirement. Two of the many decisions you will need to make are 1) whether to retain the services of a financial advisor and 2) which services you should use if you do retain one. This post is a follow-up to our post of January 31, 2020 and discusses the question of how much retirement planning you might want to do on your own vs. how much you might want to involve a good financial advisor. The answer may depend on a number of factors, including:

Fortunately, You Don’t Need to Think Like a Nobel Laureate to Make (or Help Your Clients Make) Informed Retirement-Related Financial Decisions

Our primary mission here at How Much Can I Afford to Spend in Retirement is to help people make better financial decisions (usually in or near retirement). To try to accomplish our mission, we promote use of the same basic actuarial principles we applied during our careers as pension actuaries. Our primary audience includes intelligent DIYers and Financial Advisors. As noted in our website, we receive zero compensation from visits to our blog or from any activity associated with the blog. We have, on several occasions, however, received nominal prize awards for essay submissions.