Wealth Planning Strategies

Posts on wealth planning strategies such as downsizing, planning for retirement, estimating retirement income, early retirement, wealth manager tips, how much money do you need to retire, retirement withdrawal strategies, taxes, estate planning, and retirement spending.

Fear of Retirement Boredom

For those planning to retire soon, retirement can feel scary from both a financial and a lifestyle perspective.  Fear of retirement boredom is a very legitimate reality, especially for certain personalities. Here are 7 ways to address that subtle and almost embarrassing fear that you could be bored to tears in retirement. Read my own …

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Are Stocks Safe for Retirement? 8 Important Factors 

Every time I hear someone confidently tell me that they are invested in “safe stocks,” so they’re not concerned about a “stock market crash,” I silently shudder.  Are stocks safe for retirement? It all depends on your risk tolerance, net worth, stock market valuations and other factors explained below.   After investing for almost 40 years …

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Living Off Investment Income | Advantages and Disadvantages

True financial independence is reached when you can live off investment income.  Living off investment income has many advantages that often require a shift from traditional investing in stocks and bonds, but there are also a few disadvantages to living off investment income.  In this post, I’ll share and explain the 22 advantages and 6 …

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Is Downsizing the Right Choice to Retire Earlier?

Downsizing can be a smart option for anyone who wants to retire soon but lacks the funds to retire comfortably for life. Is downsizing the right choice to retire earlier for you? The answer depends on your overall wealth plan, cost to downsize, alternatives to downsizing,  downsizing calculations and how much it takes for you …

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What Net Worth Do You Need to Retire? 

Just past midlife, many people get super focused on increasing net worth before retirement.  What net worth do you need to retire? It depends on how much money you spend, how your net worth is allocated among assets, the income those assets generate and their potential to increase in value, and other income sources.   In this post I’ll address …

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Is It Safest to Withdraw or Get Investment Income 

Updated: October 9, 2019 By definition, retirement is the time when you can live off investments. The traditional retirement model is to withdraw 4% a year from your retirement savings to live but an increasingly popular alternative is to get income from investments instead.   Is it safest to withdraw or get investment income to live in …

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What Will Stocks Do Over the Next 10 Years?

Updated October 7, 2019 At the end of the strong bull market of the 1990’s, a few brave financial experts predicted the next decade would not be a good one for stock investors.  What will stocks do over the next 10 years? Ray Dalio, Warren Buffett, Rob Arnott, Liz Ann Sonders and John Bogle have told us what …

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how much is enough to retire

Is 1.5 Million Enough to Retire?

Is 1.5 million enough to retire? The answer depends on your age, assets, spending, investment returns and how many income sources you’ll have in retirement.  In this post, I’ll show you how to see if 1.5 million is enough for you to retire based on your own situation.   At Retire Certain, the goal of my articles is to …

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Does the 4% Rule Include Dividends?

If you’re exploring early retirement like we were well over a decade ago, you may be wondering about the income provided from the standard 4% retirement withdrawal rule. Does the 4% rule include dividends, specifically? Or do investors using this popular plan get to withdraw 4% annually in addition to dividend income? The 4% rule …

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How to Buy Assets That Generate Income

If you’re approaching retirement, that anticipated time when you can live off investments or at least work fewer hours own your schedule, you’re probably transitioning to income investing. You may be wondering how to buy assets that generate income. The way you buy income generating assets depends on the type of asset you’re buying. For example, …

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How to Choose an Online Business to Start

You may know that you want to start an online business, but you don’t know what the focus of your business should be. This post has the steps for how to choose an online business to start based on your own financial goals, skills, and desired lifestyle. These are the things that I wish I …

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man planning retirement

The Best Income Stream to Start Before Retirement

If you’re concerned about having enough income to live comfortably in retirement, you may want to start one or more income streams beforehand but you’re not sure where to start. To choose the best income stream to start before retirement, consider your desired income, eventual capital gain, acceptable risk and lifestyle. It’s easy to get …

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How Many Income Streams Should You Have? [Videos]

The more income streams you have the better, right? This is not necessarily true. How many income streams should you have then? The answer depends on your goals, available time, types of income streams, available capital, taxes, demonstrated success, income reliability, and desired lifestyle. In this post I’ll share what I’ve learned in each of …

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Risk Reward | Start a Business or Invest in Stocks

Start a Business or Invest in Stocks: Which Is Better?

It can be challenging to choose the best opportunity to use your capital when you have money to invest. If you’re wondering if you should start a business or invest in stocks, the major considerations are the 3 elements of time, potential return, capital, skills needed and risk.   Over 15 years ago we wondered …

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5 Holistic Steps to Manage Your Wealth (As the Leader)

You may find yourself in the fortunate situation of having wealth, yet you may feel uncertain about how to manage wealth, having never really been wealthy before now. There are 5 main steps to managing wealth: establish goals, lead your wealth toward those goals, decide how proactive you’ll be, select the types of investments, and …

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Should All Your Investments Be in One Place?

In my own investing and working with financial coaching clients, I know the complexity that can come with having multiple investment accounts at different places. Should all investments be in one place, though? The easy answer is that you should use as many investment firms as you need to meet your needs, including keeping your …

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Wealth Management Tips for Everyday Investors

Managing your wealth is like raising children: You don’t know how to do it because you’ve never done it. By the time you know how to raise children, the kids are grown. Managing wealth is similar. Here are 9 wealth management tips that will help you keep and grow your money while enjoying the journey. Don’t …

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Our Simple But Innovative Retirement Income Planning

Are you ready to begin retirement income planning? In this post, I’ll present the steps to an innovative retirement income planning process that’s different from the norm. This is the approach that we decided to develop and use in late midlife after being thrown a few curve balls. These curve balls are also known as …

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How To Live Off Investments During Low Interest Rates [Videos]

You may be wondering how to live off investments, especially in this day and age of extremely low interest rates when your investments don’t earn much income. Simply put, you can live off investments in one of three ways:  Spend your savings and the growth from that money Spend the income your savings generates for …

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