Retirees who start with a conservative equity stake and build that up to a target percentage over the years will experience less volatility while still achieving solid returns, says financial-planning expert Michael Kitces.
Withdrawal policy statements provide concrete lines for retirees to identify when they need to adjust their spending rates and avoid on-the-fly decisions, says financial-planning expert Michael Kitces.
After the Supreme Court struck down part of the Defense of Marriage Act, same-sex couples will want to consider new opportunities for amending income tax returns, streamlining estate plans, maximizing Social Security, and more, says financial planner Michael Kitces.
More diversification, shorter or longer time horizons, lower-volatility strategies, and market-sensitive spending adjustments can all impact a sustainable withdrawal rate in retirement, says Michael Kitces of Pinnacle Advisory Group.
Retirement plans must include stocks, especially when interest rates remain low, nevertheless, 401ks and IRAs are not for market-timing or day-trading, says Ric Edelman, author of "The Truth About Retirement Plans and IRAs". Edelman says individuals must think long term when it comes to their retirement plans and let diversification do the work as opposed to changing strategies on a daily basis.