Hear Kevin share a story of a client who retired in her late 50s. She was in a state of disbelief after her retirement plan showed she could retire in her 50s. The sheer thought of retiring was new and a bit scary.
Be sure to pay attention to the end to hear how things are going for her now four years retired and how she has defined phases and varied strategies to her retirement distribution planning. Continue reading
You cut the paycheck cord and enter retirement. Then a spending goal unexpectedly increases…significantly. You can’t simply continue to work longer, so what do you do?
Hear Kevin discuss real-life cases where clients had to provide financial support to their daughter going through a messy divorce and another situation where a client desired to buy a 2nd home. Though the situations were starkly different, the process to rework the retirement plan and evaluate tradeoffs was similar. Continue reading
You live below your means and invest for your future … similar to your parents. Now your parents are getting older, and it seems fairly clear they’ll be leaving you an inheritance at some point. Meanwhile you’re still working. Should you include the potential inheritance in your retirement plan?
Banking on an expected inheritance for your retirement plan involves risk. Hear Kevin discuss real-life cases where it was appropriate and another where it was too risky. Continue reading
The five biggest tech stocks — Amazon, Apple, Facebook, Google, and Microsoft — are great businesses. They’ve been so successful over the last decade that they comprise about 20% of the total S&P 500 market capitalization — a level of concentration not seen since the late 1990s. They also command higher prices (valuation) than the market as a whole.
Listen to Kevin describe a simple thought experiment illustrating why it’s mathematically impossible for past to be prologue for these tech darlings. Eventually, the music will run out. Investors will again learn the lesson that price matters … just as they learned the same at the end of the Tech Bubble. Continue reading
Retirement planning (done right) has always been a continuous process. With the turmoil caused by the Coronavirus, prudent planning is having to be done and redone in short order. Hear Kevin dissect a ten-year client’s dynamic retirement story and how they have weathered the storm. Continue reading