Income

Weekend reading income tresholds incremental tax rates Weekend reading income tresholds incremental tax rates
Weekend Reading: Managing Taxes in Retirement: Income Thresholds versus Incremental Average Tax Rates

Here, past podcast guest, Wade Pfau, highlights how to strategize the withdrawal order between your three tax buckets (taxable, tax-deferred, tax-exempt) by utilizing two different distribution methods: The adjusted gross income (AGI) threshold strategy versus the incremental average tax rate method.

Weekend reading retirement income framework Weekend reading retirement income framework
Weekend Reading: The RISA Framework: A Systematized Approach to Personalizing Retirement Income Strategies for Clients

In this article, two of my favorite retirement researchers, past podcast guest Wade Pfau and Alex Murguía, highlight what is known as the RISA (Retirement Income Style Awareness) Framework. This profile is created by pinpointing the two strongest factors that determine your overall income preference style.

Weekend reading retirement income constrained investor Weekend reading retirement income constrained investor
Weekend Reading: How to Plan Retirement Income for a Constrained Investor

To determine if you are a constrained investor, you would calculate the ratio of your minimum annual living expenses to the value of your net investment assets. If the outcome is more than three percent, you could be classified in the constrained category.

Weekend reading bucketing strategy critics Weekend reading bucketing strategy critics
Weekend Reading: Why Critics of Bucketing Strategies are Wrong

Bucket strategies are immensely popular in the realm of retirement planning strategies, but as with any financial approach, they have their naysayers too.

Weekend reading hierarchy of needs Weekend reading hierarchy of needs
Weekend Reading: Behavioral Biases and the Hierarchy of Retirement Needs

The “bucketing” manner in which you might account for income and assets, as well as the hierarchy it develops, can cause you to save more money for retirement than you actually need.

Weekend reading tax bucket strategies Weekend reading tax bucket strategies
Weekend Reading: Consider the Source – How to Cut Your Tax Bill

A primary part of navigating the complicated process of tax planning includes not only considering the source of your income, but also understanding how it can affect the dues you owe Uncle Sam.

Weekend reading actuarial process Weekend reading actuarial process
Weekend Reading: An Actuarial Process for Better Decisions in Retirement

This article hones in on utilizing actuarial methodology when it comes to determining how much you can afford to spend in retirement – specifically, through the floor-and-upside approach.

Weekend reading longevity assumptions Weekend reading longevity assumptions
Weekend Reading: Are Longevity Assumptions Obsolete?

The odds are in your favor when it comes to living longer; however, that also means creating a retirement income stream you don’t outlive is more imperative than ever.

Weekend reading monte carlo spending volatility Weekend reading monte carlo spending volatility
Weekend Reading: Adjusting Monte Carlo Success Thresholds by Tolerance for Spending Volatility

If you had a crystal ball, retirement planning would be much less complicated. Unfortunately, no such thing exists, but there is one thing you can do, which is stress test your portfolio.

Weekend reading tax deferral Weekend reading tax deferral
Weekend Reading: New Tax Rule #1: Say Good-Bye to Tax Deferral

One of the most widely-known financial rules-of-thumb is to defer taxes, but what continues to become more evident is that doing so could likely cost you more in the future.

Weekend reading bucket strategy Weekend reading bucket strategy
Weekend Reading: Retiring in Uncertain Times? Try the Bucket Strategy!

You need your nest egg to last the rest of your life, and one way to help make that happen is via an approach called the “bucket strategy”. Here, your savings are divided into three areas – or buckets – and this article explains the purpose of each one.

Weekend reading retirement withdrawals Weekend reading retirement withdrawals
Weekend Reading: The Good News for Upcoming Retirees

Today’s retirees may be unable to match the portfolio-withdrawal rates of those before them, but their amount in assets appears much larger.