McLean Asset Management
Of all the different goal types, longevity goals are probably the least intuitive. They are based on the possibility that you will live longer than you expect. That sounds great, but your income plan needs to be able to fund those years of retirement (unless you plan on hustling Pinochle when you’re 90). We find…
Read MoreThe fiduciary rule has been in the news again lately, as some members of Congress have been trying to “delay” it so they can “study” its impact. In other words, kill it. But there’s some interesting data that suggests that, at least in the long term, this is moot. Cerulli Associates has found that young…
Read MorePlanning for retirement is hard. There’s a lot to think about, and so much of what you need to prepare for is uncertain. But as this article points out, everything starts with trying to figure out how much you’ll spend in retirement. Once you know that, you can figure out how you’ll get there (or…
Read MoreLast time, we compared retirement spending rules using historical data, but I believe we can arrive at a much more realistic picture for today’s retirees using Monte Carlo simulations. To that end, today I want to simulate these strategies with Monte Carlo simulations for stock and bond returns using current market environment as a starting point.…
Read MorePeople like round numbers. Investors really like round numbers. But just because a number has a lot of zeroes at the end doesn’t mean anything. We’re seeing this all over again because the Dow Jones Industrial Average is closing in on 20,000 (by the time you read this, it may very well have already surpassed…
Read MoreShockingly, the average investor lost to the market. It happens most years, yet the financial media acts like it’s Truman defeating Dewey every time. Looking at the data from Openfolio, a platform for individual investors, their average investor was up about 5% on the year. That’s around 7% worse than the S&P 500 Index. On…
Read MoreNo matter how much your employer matches your 401(k) contributions or the government provides assistance, you are the one who will determine how successful your retirement will be. How you prepare will determine how your retirement looks. But your retirement plan will undoubtedly be affected by external factors, many of which will be driven by…
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Figuring out how to plan for your legacy goals is a nice problem to have. But that doesn’t mean you shouldn’t worry about it. Whether or not legacy goals are part of your plan can seriously impact what your retirement will look like. Including them means you’ll have less to spend on yourself (and you’ll…
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Not all retirement expenses are weighted the same when it comes to your retirement income plan. You can categorize them in all sorts of different ways, but one of the most important ways is to break out your fixed and variable expenses. Examining your expenses in this way can give you a sense of just…
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