Working stock research sales. Trying to become the next billionaire hedge fund manager. Ex-IFC Pres of a Pac 12 school. Enjoys beaches, golf, sunshine, happy hours, and his wife.
Story time: Back in my prime, I was IFC president. We were given a “uniform and office supply” budget. It usually went towards embroidering some polos and printer paper. We changed the game and spent it all on this Tommy Bahama special:
A spark of hope came over me when I read this title. Could it be? Could I actually get all the football humanly possible without paying such big dollars to those evil bastards at DirecTV???? No. The answer is a solid fucking no. I could buy local college season tickets for cheaper than they want for Red Zone.
“I prefer sleeping through the night and only spending my money on myself and the person who sexes me, thank you very much.” Isn’t that exactly what marriage is? Not partying through the night, and you do spend money on the person who sexes you….
To be completely accurate, Bengen’s formula suggests a 4.5% initial withdrawal which is subsequently adjusted annually for inflation. He built the drawdown model to generate a 30-year retirement income (so from 65 to 95 years of age). His portfolio was built on a 50/50 stock bond mix. Only one single 30 year period had the money run out in 30 years (1939-1969), so the anxiety of running out of money before you die is completely human behavior and is not based on facts. I’m not sure if you are referring to penny pinch in retirement or during working years. As a financial planner, I would believe you would like your clients to be penny pinchers during their working years so they can save more and therefore invest more. If your clients believe their lifestyle will drastically change in retirement, then you setting yourself and your clients up for failure. Unless you are taking more risk than Bengen’s 50/50 portfolio, the 4% has served and will serve the majority of retirees better than any alternative.
I can’t even. The amount of retard in this article is over-the-charts high. 401(k)s are a fine way to save for retirement. You have to actually SAVE and do research on what investments are going to fit your goals. They even create investments that provide “tangible income streams”. I hate you.
Advertise
This is great
I bet you voted for Obama. Classic
Story time: Back in my prime, I was IFC president. We were given a “uniform and office supply” budget. It usually went towards embroidering some polos and printer paper. We changed the game and spent it all on this Tommy Bahama special:
I’m in.
Combat Gentlemen is a lifesaver
A spark of hope came over me when I read this title. Could it be? Could I actually get all the football humanly possible without paying such big dollars to those evil bastards at DirecTV???? No. The answer is a solid fucking no. I could buy local college season tickets for cheaper than they want for Red Zone.
I’m gonna go ahead and call bull shit that anyone checks the expiration date on condoms
This was hilarious “I Google pictures of enchiladas.” favorite line
This comment is as PGP as it comes.
“You’ve insulted someone wearing Hollister at a bar.” Is hollister even around any more?
This is going to go over so many heads
Any column that sneaks in, “Lions don’t concern themselves with opinions of sheep.” is a good column in my book.
“I prefer sleeping through the night and only spending my money on myself and the person who sexes me, thank you very much.” Isn’t that exactly what marriage is? Not partying through the night, and you do spend money on the person who sexes you….
To be completely accurate, Bengen’s formula suggests a 4.5% initial withdrawal which is subsequently adjusted annually for inflation. He built the drawdown model to generate a 30-year retirement income (so from 65 to 95 years of age). His portfolio was built on a 50/50 stock bond mix. Only one single 30 year period had the money run out in 30 years (1939-1969), so the anxiety of running out of money before you die is completely human behavior and is not based on facts. I’m not sure if you are referring to penny pinch in retirement or during working years. As a financial planner, I would believe you would like your clients to be penny pinchers during their working years so they can save more and therefore invest more. If your clients believe their lifestyle will drastically change in retirement, then you setting yourself and your clients up for failure. Unless you are taking more risk than Bengen’s 50/50 portfolio, the 4% has served and will serve the majority of retirees better than any alternative.
http://www.investopedia.com/terms/f/four-percent-rule.asp
Don’t forget the income limit too. Maxing out the Roth while you can is a good idea, but $5.5k a year won’t let you retire. Gotta save more than that.
It’s called the 4% rule. Annuities are for the poor.
I can’t even. The amount of retard in this article is over-the-charts high. 401(k)s are a fine way to save for retirement. You have to actually SAVE and do research on what investments are going to fit your goals. They even create investments that provide “tangible income streams”. I hate you.