Archive | Distribution Planning RSS feed for this section
protect your nest egg

Why you should roll your 401(k) into your IRA when you retire

Your 401(k) is a great tool for accumulation, but it’s probably not the best place to leave your money once your goals shift to distribution.  After retiring, it usually makes sense to roll your money out of your 401(k) and into your IRA.  Here’s why: Simplification.  The average person changes jobs several times over the […]

the 15 minute retirement readiness review

Case study: When can I retire?

I met with a prospective new client this week and he asked me the question I get asked by most people during introductory meetings: “When can I afford to retire?” We spent about an hour working through some numbers and coming up with the answer.  I thought seeing a real world example would be helpful to […]

How to turn your savings into an income stream

(Note: This is Part 3 in a 3 part series that I did for the Omaha World Herald on retirement planning for different life stages.) To state the obvious, farming and cooking are two different things.  One is about creating.  The other is about consuming.  A similar relationship exists between preparing for retirement and being […]

Retirement Budget Worksheet

Much of your retirement planning will revolve around your retirement budget.  It will help determine things like: How much you need to save When you can afford to retire What types of things you can afford to do What your income sources will be during retirement How sustainable your distribution strategy is With that in […]

protect yourself from identity theft

Three key retirement mistakes to avoid

Retiring in the place you want, with the people you want, doing the things you want, for as long as you want takes money, good genes, and a bit of luck, to be sure.  But perhaps what is more important is the role that good decisions play.  One of the earliest lessons in life is […]