12 Jul
July 12, 2012

Retirees today face enormous challenges as expenses and costs continue to rise. Yet yields on bonds and fixed income assets remain depressed; the yield on short-term bonds is less than 0.5%. A longer term might yield up to 2%. How can retirees plan to meet their future income needs in such a low-interest environment?

Unfortunately, many retirees have chosen to move into assets that produce a higher yield, including high-yield bonds, high dividend-paying stocks, and master

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22 Jun
June 22, 2012

A recent study by Demos, a non-partisan public policy group, estimates that the average American household will pay a total of $155,000 in 401(k) fees over their lifetime. This equates, on average, to 30% of the total value of their 401(k) plans! This study found that, while investors have access to expense ratios of the underlying investments within 401(k) plans, they rarely factor other expenses (trading costs, bid-ask spreads, and administrative fees) into their fee calculations. All told,

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29 Mar
March 29, 2012

As the Baby Boomer generation approaches and enters retirement, the longevity of their assets will depend primarily on their levels of expenses in retirement. Many individuals have heard that they need 70% of pre-retirement income in order to maintain their lifestyle during retirement. While this may be true for some, this number can also be very misleading. For me, a better way of determining what level of expenses you can expect in retirement is simply to put pen to paper

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09 Dec
December 09, 2011

It’s getting to be the time of year when people are thinking about adding to their IRA (Individual Retirement Account). This usually occurs around the end of the year up to the income tax filing date the following year (the norm is April 15th). Right now the rules say you can put in up to $5,000 (you can add another $1,000 if over age 50) if you have income, that income isn’t too high, and you

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07 Sep
September 07, 2011

I recently came across an article on Yahoo! Finance titled “Retirement Plans for 1,000 Year-Olds.” It is based on recently published research from a biomedical gerontologist who claims that with advances in medicine, the first person who will live to age 150 has already been born and that the first person to live for 1,000 years could be born in the next 20 years.

While these claims seem to be that of science fiction, that fact that humans are living longer

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