“Retirement income planning is a really hard problem. It’s the hardest problem I’ve ever looked at.”
– William Sharpe, Nobel Prize in Economics
“For many people, being asked to solve their own retirement savings problems is like being asked to build their own cars.”
– Richard Thaler, Nobel Prize in Economics
“Everything should be made as simple as possible, but not simpler.”
– Albert Einstein
Your risks change in retirement:
In 2017, Nobel Prize-winning Economist, Bill Sharpe, released a free online book with over 700 pages of his research on retirement income planning. He has called it “the hardest problem he’s looked at”. Transitioning from accumulation to retirement presents several new and interrelated risks:
Poor Market Returns
Unplanned Expenses
Loss of a Spouse
Loss of independence
Common mistakes can cost you a lot:
The biggest risk is living longer than you expect because longevity magnifies all these risks. Over half of married couples will have a spouse live past 90, you need a strategy, so your retirement income lives as long as you do, maybe 30 years or longer. Some common mistakes can cost you a lot of money over your lifetime:
Social Security & Medicare selections that Hurt you
Tax inefficient withdrawals from accounts
Your portfolio being too aggressive, or too conservative
We ask questions and listen to better understand your goals.
We study the research and invest the time to make your retirement income strategy comprehensive and straightforward; using illustrations and analogies to explain concepts rather than financial jargon.