10 Sep 2018

How Much Will Retirement Cost? The WSJ May be Wrong

One of my favorite writers and thinkers is a behavioral economist named Dan Ariely. I heard him speak at a conference years ago, read his first book Predictably Irrational and am about half way through his most recent book, Dollars and Sense. It may be a little hard to tell from the photo, but if you look closely, you can see that his face is disfigured from a third-degree burn… Read More

17 Jul 2017

Retirement Spending Rules of Thumb

I suspect that, at some point, everyone has heard the old rule of thumb that retirees need to replace 80 percent of their income in retirement to continue to maintain their lifestyle. Although I think that the rule is conceptually reasonable, it’s imperfect and can be improved upon. ¬†At the very least, spending in retirement isn’t fixed – it tends to decline over time as people age (for more on… Read More