The Complete Retirement Planner Blog

Why "Sequence Of Returns" Matters

As you develop your financial plan for retirement you will give a good deal of thought to the known details of your finances (e.g. monthly expenses, income, etc.) and what you expect/would like to happen in the future. You will also need to decide what rate of return you should use for your savings/investments. Since you can't predict the future, you may end up relying on your historical results to arrive at a reasonable expectation. That makes sense, but how you choose to enter that information can have a serious effect on your results. If you expect a 5% return...

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Should You Pay Off Your Mortgage Before Retirement?

Paying off your mortgage before retirement has long been considered a smart financial move. But is it always?The long standing rule of thumb is that you want to reduce expenses as much as possible before retirement so that it takes less money to live on. In theory, this will help your savings to last as long as possible. But if your mortgage does not reach the end of its term by the time you retire you have a decision to make. Either you pay off the balance using your savings, or you continue to maintain the mortgage. Since a mortgage...

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