Are you using retirement calculators correctly? If you aren’t, you run the huge risk of estimating your retirement savings incorrectly, leaving you dangerously exposed during what should be your golden years. Learn why the assumptions retirement calculators use are critical, the reasoning and math behind those assumptions, and the 5 rules you must follow when using retirement calculators so you can take advantage of this powerful tool.
FM 001: The Truth About Retirement Income & Dave Ramsey’s Shocking ROI and Safe Withdrawal Rate Assumptions with Wade Pfau
In this first episode of the Financial Mentor podcast, professor Wade Pfau reveals the truth about retirement income and investment return assumptions so you can plan your financial future with confidence. All research and facts are contrasted with Dave Ramsey’s unsupportable claims that you can realistically expect 12% investment returns and an 8% safe withdrawal rate in retirement. The result is deep knowledge about sound retirement planning strategy practices so you can build your financial security with confidence and peace of mind…
Retirement Planning Myths Revealed – 2 “Must Know” Formulas
Retirement planning isn’t the precise science you would like it be. Uncover the myths that risk undermining your financial security, and learn the two simple formulas that can make order out of all the confusion…
Pay Off Debt Or Build Wealth? What To Do First…
Patty inquired… “I am aching to be free of my debt, and at the same time, I’ve been struggling to put 10% of my monthly income towards savings, and another 10% towards my IRA. Which should I do first? How should I prioritize? Find the answers here…
Retirement Planning For Two – Overcoming The Challenges
This week in the “Ask Todd” section of web site Kathleen wanted to know how to resolve the challenges inherent in using a single retirement calculator to plan retirement for two people. Should she combine both their numbers into one or run two separate retirement plans and add them together? Surprisingly, my answer is “none of the above” because…
