For many financial advisors, a core part of the retirement planning process involves simulating whether the client’s assets will last through retirement. Traditionally, these simulations take the form of either Monte Carlo analyses – showing the percentage of simulated outcomes in which the client finishes with assets remaining – or stress tests that assess plan … Read more
I have some good news and bad news about the state of retirement savings for Americans. Let’s start with the bad news. Torsten Slok shows half of American households have no retirement assets to speak of: Young people still have time to play catch-up. It’s scary so many people 65 and older have no retirement … Read more
A reader asks: I’m 46 and plan to retire by 55. I’ve calculated that I’ll reach my retirement number in another 6 years giving me a decent buffer for retirement. I have a $500k mortgage at 5.625% with 28 years left. I’m comfortable with debt and don’t see a big concern. I agree with your … Read more
Image Source: 123rf.com More than 4.1 million Americans will turn 65 this year, and many will make the decision to retire. Notifying your employer of your retirement is a common courtesy that is slightly different than resigning or quitting a job. If you’re preparing your retirement letter to your employer, there is some etiquette you … Read more
This article originally appeared on Inside Climate News, a nonprofit, non-partisan news organization that covers climate, energy, and the environment. Sign up for their newsletter here. There is renewed talk of a coal power comeback in the United States, inspired by Donald Trump’s return to the presidency and forecasts of soaring electricity demand. The evidence … Read more