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Thursday, October 30, 2014

Revisiting the Recommended Smoothing Algorithm

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I first proposed a recommended smoothing algorithm for The Actuarial Approach in my post of October 11, 2013.  The purpose of the recommende...
Friday, October 24, 2014

You Can Spend it Now or You (or Your Heirs) Can Spend it Later

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The title of this post is a re-working of the saying used by the mechanic in the old Fram Oil Filter TV commercials.  His famous line was, ...
Wednesday, October 22, 2014

Thank You Michael Kitces

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In his October 22 blog post , Michael Kitces points out several of the problems associated with Monte Carlo modeling and determination of ...
Thursday, October 9, 2014

20 Years of Drinking the "4% Rule" Kool-Aid

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This month's Journal of Financial Planning celebrates the twentieth anniversary of publication of the article, "Determining Withdra...
Monday, September 29, 2014

Don't Be Worried and Confused About Making Your Money Last in Retirement

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Last year, Merrill Lynch and Age Wave released a report titled, "Family & Retirement: The Elephant in the Room."   Figure 16 o...
Wednesday, September 24, 2014

4% Constant Withdrawal Approach Leaves Much to be Desired (and Probably Too Much to Heirs at Death)

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In his September 23 post , Neal Frankle touts the benefits of the 4% Constant Withdrawal Approach (together with increased investment in equ...
Tuesday, September 9, 2014

Complimentary Posts From Steve Vernon

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It is always nice to get a compliment--even if it comes from a friend.  Out of the blue last week, my friend, Steve Vernon, Research Scholar...
Sunday, August 31, 2014

Managing Your Spending in Retirement--It's Not Rocket Science

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This post once again takes on the so-called experts who say that most retirees aren't smart enough or motivated enough to properly manag...
Wednesday, August 27, 2014

Budgeting Around "Lumpy" Expenses

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There may come a time during your retirement where you are looking at an expense that may blow your annual budget.  Examples of such expense...
Thursday, August 21, 2014

The Actuarial Approach vs. the "Bucket System"

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This post welcomes yet another challenger to my claim that the Actuarial Approach is a better withdrawal strategy for you to use to develop ...