Spending money is easy when you’re still working. But how about if you are thinking of retiring? A key assumption in any retirement cash flow projection is estimating how much will we spend in our golden years. One approach is to assume a constant level of spending every year throughout retirement (e.g. 80% of pre-retirement income), with some variability based on income and lifestyle. However, in our experiences working with clients over the years, spending patterns typically evolve over time. Certain categories, such as health care costs, are likely to increase as we get older; other
Big data and data analytics is becoming prevalent in every area of our lives. So, what is it and what does it mean for our portfolios? Big data is a catch-all term for large data sets that may include unstructured data (think: text, audio or video). More and more companies are using these data sets to analyze and determine trends on which they can base business decisions. Data analytics has been used in mutual fund investing in the past. But as artificial intelligence and systems built to analyze large data sets allow easier access to this type of knowledge, big data may factor into more fund
Financial Focus - Client Question: I don’t need my required minimum distribution (RMD). What happens if I don’t cash the check?
Unfortunately, a required minimum distribution must be withdrawn by the required deadline, typically December 31st of the calendar year.
Financial Focus - Client Question: Is it the end of the 60% stock / 40% bond portfolio? Do we really need bonds anymore?
I recently read an article declaring the “end” of the 60/40 portfolio of stocks and bonds. Should we be selling our bonds?