"If you fail to plan, you are planning to fail." ............ Ben Franklin
"If you fail to plan, you are planning to fail." ............ Ben Franklin
Cart 0

The Complete Retirement Planner

5 Retirement Planning Topics That Need Clarification

5 Retirement Planning Topics That Need Clarification

There seems to be a never ending supply of articles offering advice about retirement planning. Some offer well thought out points, some offer generic assumptions, some offer half-truths, and some don't seem to have much to offer at all. The five topics listed below address some areas that might benefit from a little extra clarification.• The Assumption That You'll Need To Replace 75% Of Your Salary In Retirement. Many articles suggest that you should plan on replacing 70% - 80% of your salary in retirement, so I split the difference. In very general terms, with a salary of $75,000 per...

Read more →


Social Security - Be Careful Choosing When To Claim Your Benefit

Social Security - Be Careful Choosing When To Claim Your Benefit

Whether you are working on a financial plan, or actually getting close to retiring, one of the biggest decisions you will have to make is when to start claiming Social Security benefits. There are more considerations than you may be aware of, especially if you are married, and choosing the best strategy will require some careful thought. In some cases, it may even be more advantageous to use your retirement savings rather than claiming too soon, in order to receive the the largest benefit possible. The following is meant to highlight some of the Social Security rules that you should...

Read more →


“Retirement Planning” - It's Keeping Younger People From Being Better Prepared.

“Retirement Planning” - It's Keeping Younger People From Being Better Prepared.

I really wish that someone had explained to me just how financially important the first 20 years of my working life would be to my final 20-25 years on this earth. I’m pretty sure that I would have made some different decisions and paid a little more attention to the possibilities. At least on paper, I could have stopped saving for retirement by age 45 (and let those savings grow for another 20 years), rather than be in the beginning stages. The term “retirement planning” can be misleading since it’s not as much about planning for what happens during retirement,...

Read more →


Timing - When Should I Start Planning?

Timing - When Should I Start Planning?

Any professional financial adviser will tell you what you've already heard elsewhere a thousand times - start saving as early on in your career as possible. Save as much as you can, invest it wisely, and do both consistently. This is, of course, to help you to be financially responsible, and to develop financial security for the future. While this is great advice, it is missing an essential piece. Along with saving and investing, you need to create a retirement plan to compliment those efforts. After all, part of what you're saving for is retirement! A retirement plan is best...

Read more →


What A Big Difference A Small Amount Makes

What A Big Difference A Small Amount Makes

One component that all financial planning tools (even calculators) have in common is that they use an inflation rate as a factor. Some allow you to enter a rate, some assume a rate for you. But how much of a difference does that rate really make in the grand scheme of things? The short answer, it makes a significant difference.Financial advisers often suggest using an inflation rate of 3%. I've seen calculators that assume a rate of 4%. The historical rate, over the past 20 years, is approximately 2.15%. So what rate should you use, and how much difference does...

Read more →