Financial Life Plan– This is a simple one page spreadsheet by reader Wilfred Waters. The purpose of the template is to calculate when you can retire given a starting balance, inflation rate, savings rate, desi
After years of deferring taxes, you will need to pay income tax on each withdrawal from your traditional 401(k)s and IRAs. Keep in mind that the advantage of Roth 401(k)s is that you can withdraw them tax-free in retirement. Based on ever-changing rules, don’t forget that “...
My spreadsheet has expenses grow at a higher rate than I expect Social Security to grow, variable investment returns and provisions for infrequent but large purchases like car replacements. Each year, I compare my actual income, investment returns and spending to this plan to make sure I’m ...
It means the optimal tax strategy for the very rich, fine-tuned and promoted by the wealth-planning industry, is straightforward: Hold assets until death, borrow against them for living expenses and barely pay income taxes. When your children inherit those assets, they can sell, them pay no ...
adjust the stock and bond values based on market returns for the year, add dividend and interest income, and rebalance to the original asset allocation. Then we repeat for Year 2, but this time with a higher withdrawal amount to account for inflation. This is then repeated for each year up...
when my income stream will change. The colorful graphics and moveable timeline cursor are visually captivating. And the instantly updated income and expense windows make this program FUN to use. More importantly, this is the only program I have found that can factor in the financial effect of ...
Nope.I mean, 2% is already roughly the entire dividend yield of the S&P 500. The problem is that most people who use this strategy aren’t properly tracking their performance and probably won’t know if they are lagging behind simple buy and hold. The call premium income comes in most of...
Prioritize transfers between income, investments, and expenses and simulate ‘what if’ scenarios. Wondering about increasing your investment by 5% or facing an unexpected expense? Here, you can visually and numerically assess how such decisions might alter your retirement landscape. ...
There were no buys (or sells) in 2017 as my overall investment strategy has now moved on to be a mechanically diversified collection of low expense, physical (as opposed to synthetic), income based (as opposed to accumulation) ETFs tracking enough indices to give me diversification across asset...
3. Our generation has to bear a high cost of living. If we don’t plan well now, we are going to spend a lot of time without any active income. 4. Inflation can impact all of us in strange and crippling ways. We have to find fruitful ways to face this inflation situation. Good ...