Risks Faced in Retirement #8: Market Risk

People in their 20s and 30s are often told that they can invest aggressively, especially when they don’t anticipate that they’ll be living on their investments for years. But once you get within 5 years of retirement, I think you should start thinking about preserving what you already have. How do you do that? Part of the process is to understand the threats to your financial wellbeing—like market risk.

Retirement researcher Wade Pfau studied the impact of market risk on retirement income planning by measuring 151 hypothetical portfolios.

Revocable Vs. Irrevocable Trusts

When creating a trust, there are two basic ways to go: the revocable or the irrevocable trust.  What’s the difference?

To begin with, “revocable” means “capable of being revoked” or “changeable.”  If you create a revocable trust, you can change the terms and details whenever you want.  And yes, “irrevocable “ means the opposite: once written, even you cannot change the trust. Both types of trusts have their place.

Flexibility is the obvious benefit to the revocable trust.

High Rising Bull Markets and How They Ended

Right now, we are experiencing the second longest running (and the third highest-rising) bull market in history according to Bloomberg. I find this very interesting, so I decided to look at all of the record-setting high-rising bull markets. They did not end well.

Equifax Breach – How to Protect Yourself

As you probably heard, Equifax had a data breach and 143 million American's identities are potentially at risk. It’s a good idea to find out if you have been affected, and to protect your personal information as much as possible for the future. Though there is nothing that can guarantee your information is 100 percent safe, there are some steps you can take to make yourself more secure:

Naming A Trustee for Your Estate

A client recently came to me with an interesting dilemma. He said, “Our daughter is not very responsible with money. She's a spendthrift. If we give our estate to her, she'll blow it all.

WHAT’S ON YOUR MIND?

If it’s important to you, then it’s important to us.
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