Posts relevant to people Age 30 to 50
Post #13 – The Importance of Equity Allocation, Part III
In Post #12, I discussed the importance of managing your investing emotions through maintaining your portfolios volatility. This is done by deciding on the appropriate percentage equity allocation. Deciding on the proper asset allocation is a very important decision for every investor. It is also a personal decision as each person’s risk tolerance is different. […]
Post #12 – The Importance of Equity Allocation, Part II
In my last Post, “Post #11 – The Importance of Asset Allocation, Part I,” I make the point that the percentage equity allocation of your portfolio is the major determinant of its long term returns. I’m sure many of you are probably thinking “Great, next he’ll be telling us the world is round!” But my […]
Post #6 – What can you expect from Social Security and Medicare? Part II
I have done a lot of reading and talked to many professional financial planners about what changes may be coming to federal old age entitlement programs as well as private pensions and state government retirement programs. I will provide the general thinking by experts on what may lay ahead for the old age entitlements and […]
Post #5 – What can you expect from Social Security and Medicare? Part I
I originally intended this blog entry to be about estimating the future size of your retirement nest egg and what your subsequent savings rate should be. But this discussion is greatly impacted by your future social security and medicare benefits. The Social Security Administration sends out an annual benefit statement to each person who pays […]
Post #4 – Retirement Savings and the Cost of Waiting
Although asset returns are certainly important to reaching your financial goals, your level of savings will be the single largest determinant of how much and how fast you accumulate wealth. And in the early years your savings rate has the biggest impact because your savings have more time to compound to reach your retirement asset goal. Most […]
Post #3 – The 2nd and 3rd Most Important Rules of Personal Finance
In my last blog post, “LBYM” The First Rule of Personal Finance, I emphasized the importance of people adopting good financial behavior of “Living Below Your Means” to form the foundation of wealth accumulation. If you do not LBYMs and free up cash for retirement savings or, for that matter, any other financial goal, all […]
Post #2 – “LBYM” – The First Rule of Personal Finance
The financial advisory guru, Dave Ramsey, www.daveramsey.com, once wrote that wealth accumulation is 90% behavior and 10% knowledge, and I could not agree with him more. The ability to retire someday is mostly about a person practicing good financial behavior, week after week, year after year… The more education you acquire about personal finance and […]
Post #1 – The Necessity of Retirement Planning
With the decline of old fashioned company defined pensions, an insolvent social security system, and the recent decline of housing values, it is important for everyone to pay more attention to their retirement and investment planning. That is, if you plan on ever retiring from your full time work. In fact, it is imperative that you do proper retirement planning even if you do not […]
