Conscientious Financial Planning and Retirement Income Management | 201-741-9528
from Lonier Financial Advisory LLC, Osprey, FL

Tag Archives: retirement savings

Market Gyrations And Retirement Spending Volatility

Wall Street is selling wealth management by managing returns volatility when the vast majority of us probably need something else. Depending on where you are in the lifecycle, you likely will be better served managing savings or managing spending.

Driving That Tractor and The Law of Small Numbers

Climbing off my venerable old John Deere lawn tractor, I happened to notice the little LCD by the steering wheel with the numbers. Bleary-eyed from hay fever, I looked a little closer and saw “403.” That would be hours, or, about 16-3/4 days. Two weeks and a long weekend, sitting on that tractor. Not all […]

The High Probability of Putting Safety-First

There is an ongoing discussion in personal finance about the differences between safety-first and probability-based approaches to managing money, especially money for retirement. You are (probably) familiar with the probability-based approach from hearing some of these well-known rules of the thumb: [list style=”orb” color=”green”] You can withdraw 4% a year and (probably) not run out […]

’Tis the Season for Open Enrollment

In my last post, I listed some year-end housekeeping and tax items. It’s open enrollment season, so this post will cover items related to employer sponsored plans. Health insurance options and the ACA Top of mind this season, health insurance—many companies are replacing non-compliant health insurance plans. This may be your first time in a […]

Lifetime Investing, Part One—The Retirement Income Phase

There are all kinds of approaches to investing, from various long-term investing strategies to some pretty rarefied and/or hair-brained schemes for winning big by beating the market.  Managing savings and investments through employer sponsored plans and IRAs to meet a long-term retirement goal is the antithesis of fast money schemes aimed at beating the market […]

OK, I’m In—How Do I Know When to Get Out?

Last time we discussed when to invest and said that first you should make a sound lifetime financial plan for saving and investing based on your goals and the strength of your household balance sheet.  When you have that plan, you should follow the plan, invest regularly, and not try to time the market. If […]

The 4% rule—Three Cautions

You’ve heard the rule of the thumb—you can safely spend 4% of your total savings amount at retirement each year of retirement, plus an annual markup for inflation, and you won’t outlive your money. That’s $40,000/year if you have $1 million saved, plus 3% for inflation added each year. This is the core of the […]

Three Strategies for Creating Retirement Income, Part One

Saving for retirement is the long, slow (hopefully boring) prelude to the real show—turning your savings into secure retirement income that will last for the rest of your life. Watching your expenses and saving regularly during a lifetime of employment is crucial, but it may not be enough. You need a plan based on your […]

Investing Isn’t Step One

I’ve written ten posts in this series about lifetime financial and retirement planning so far, and have yet to talk about how to invest your savings. I could say in a word, “carefully,” but there’s much more to it than that. It starts with understanding what investing is, why you should invest, and how it matches […]

Inside Your Household Balance Sheet

Your household balance sheet provides a baseline for your retirement income plan. Last time in this series on Lifetime Financial Planning (“Can I Afford to Retire?”), I discussedretirement-readiness as the ratio of your projected annual expenses in retirement, less your social security and pension income, to your savings. If your annual expenses net of SS […]