Now that you’re retired (or nearly so), you face the big question: will you outspend and outlive your portfolio? The answer: it depends on four interlocking pieces of a puzzle – how much we spend; how we invest; market returns; and life span. We're in control and decide the first two. That leaves the last two that are not in our control.With four uncertainties, how do we find a spending rate that will never deplete our portfolio for as many years as we want? Nest Egg Care first employs a planning trick – it always assumes we retirees will face the most horrible sequence of market returns in history. It can't be worse; it can only be better. We then use a Retirement Withdrawal Calculator – fixing the key decisions as to how to invest – and find, for any number of years we want, the spending rate that won't deplete a portfolio. The final step is to go back and change the key parameters of how to invest to see their effect on safety and on the amount of money we would accumulate if market returns don't turn out to be most horrible.The result is that you solve the puzzle: you lock in both the number of years with zero probability of depleting your portfolio and the potential amount of money you would have and be able to spend when market returns aren't most horrible. The result for many is a safer plan than they have currently constructed and also greater spending than they thought possible. Those two statements appear to be in conflict, but they aren’t.Nest Egg Care leads you through the key decisions for your retirement financial plan in four CORE steps. You CHOOSE your Safe Spending Rate: for once it’s better to be older. You OBEY the rules: two are critical. You RECALCULATE frequently: it can only get better. You EXECUTE: keep it simple. Nest Egg Care recommends a shockingly simple investment portfolio.Once you trust the calculation of your annual Safe Spending Amount – your Safe Spending Rate times your Investment Portfolio – you’ll know you can “pay yourself” and spend (and gift) it all in the year; you don’t need to save one dime. You'll start the year focused on, "What’s the next fun thing to do." And, typically, later in the year you'll find yourself asking, "Who should benefit from our increased giving this year? And how much?" Because one thing is certain: you’ll enjoy your retirement more when you gift to your loved ones and/or fund your favorite causes while you’re still around to appreciate the positive impact you’ve made.Tom Canfield leads you through the steps. You'll clearly see his plan and how it plays out over time at http://www.nesteggcare.com and Tom's blog. Implement a safe and effective retirement financial plan. Start now. You’ll well be on the way to maximizing the joys of retirement.
✔ Author(s): Tom Canfield
✔ Title: Nest Egg Care: Find Your SAFE SPENDING RATE to Maximize the Joys of Retirement
✔ Rating : 4.7 out of 5 base on (11 reviews)
✔ ISBN-10: 0692916229
✔ Language: English
✔ Format ebook: PDF, EPUB, Kindle, Audio, HTML and MOBI
✔ Device compatibles: Android, iOS, PC and Amazon Kindle
Readers' opinions about Nest Egg Care by Tom Canfield
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