Retirement Insights

Should Legacy Goals Be Part of Your Retirement Plan?

By McLean Asset Management

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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Understanding Fixed and Variable Expenses in Retirement

By McLean Asset Management

Not all retirement expenses are created equal. You can break them up in all sorts of different ways, but one of the most important ways is to look at fixed and variable expenses. By looking at your expenses in this way you can get a sense of just how flexible your spending can be. If…

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A Simple Way to Keep Your Portfolio in Line

By McLean Asset Management

Investing isn’t simply picking the best funds or building your perfect portfolio. Keeping your portfolio in line over the long term is just as important (if not more so). Markets move. That’s what they do. If they didn’t, they wouldn’t reflect our ever-changing world. As a result, your portfolio will drift over time from being…

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When Tax-Loss Harvesting Makes Sense (And When It Doesn’t)

By McLean Asset Management

The investing world is comprised primarily of uncontrollable factors like stock prices and tomorrow’s market movements. That’s why it’s so important to be aware of the areas you can control that can potentially put more money in your pocket. We often talk about controlling risk with tools like diversification and an evidence-based, or “passive,” investing…

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Three questions to evaluate longevity risk for retirees

By McLean Asset Management

Longevity risk—the risk of running out of assets before running out of time—is fundamental to retirement. We know about the distribution of longevity for the overall population, but an individual cannot know in advance precisely where he or she will fall in the distribution. The length of your retirement could be much shorter or longer…

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What Is The ‘Retirement Spending Smile’?

By Wade Pfau, Ph.D., CFA, RICP®

Many people approach retirement planning as if they’ll monotonically spend the same amount year after year throughout their retirement. This assumption certainly makes the planning process significantly simpler, but it’s not realistic. Our spending desires (and needs) change over time.Many people want to take advantage of their early retirement while they are still spry and…

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How Did Investors Survive the 1980s?

By McLean Asset Management

The following is an excerpt from our ebook, “Investing Through the Decades,” which you can download by clicking here. Throughout history, when bad news and events touched the daily lives of investors and caused nest eggs to shrink, it’s been natural to ask, “Is this the end of investing as we know it? Have new…

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Does Your Retirement Plan Account For Your Own Cognitive Decline?

By Wade Pfau, Ph.D., CFA, RICP®

When it comes to financial planning, Vanguard’s “Alpha” and Morningstar’s “Gamma” are really just the tip of the iceberg. For instance, neither study considered how to incorporate home equity into a retirement income plan. We could consider the naïve strategy to be the conventional wisdom of considering a reverse mortgage only as a last resort option in retirement. If you read…

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Should I Stay or Should I Go? Housing Decisions in Retirement

By McLean Asset Management

A plan to meet housing needs is an important part of a retirement income strategy. A home provides an emotional anchor, providing daily comfort and shelter, memories, and nearness to friends and community. Homes are also a major source of wealth for retirees and near-retirees. Home equity provides between 45 and 75% of median household…

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Blog posts linked on this page are intended for convenience, educational, and informational purposes only. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. The adviser does not endeavor to update or remove blog posts and articles after initial publication. No linked content should be construed as individualized advice or recommendations, and the discussions contained are not a substitute for investment advice from a professional adviser. This commentary should not be regarded as a complete analysis of the subjects discussed.