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What is the correct retirement drawdown strategy?

What is the correct retirement drawdown strategy?

When you are preparing for retirement, one of the biggest questions you will face is how should you be handling your retirement assets? In a simpler world, you’d have just a couple of options. For decades, it was simple – pension and Social Security. No decisions necessary, you just get monthly payments. Now, with 401(k)s, […]

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Average Retirement Income 2024: What is a Good Monthly Retirement Income in 2024?

Average Retirement Income 2024: What is a Good Monthly Retirement Income in 2024?

How much do you need to have saved to enjoy a fruitful retirement? The answer is difficult. It’s hard to project how much you think you’ll be spending once you stop working. Will you eat out as much? Will you travel more? You may have heard of the 4% rule – that you can safely

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12 Ways to Practice Self-Care on a Budget

12 Ways to Practice Self-Care on a Budget

Learning how to practice self-care is critical to a life well-lived. Unfortunately, too many of us don’t take the time to take care of ourselves the way we should. In addition to our busy schedules and many responsibilities, we tend to think that self-care has to cost a lot of money. However, it’s entirely possible

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The Region-Beta Paradox: “It’s Not That Bad” Is That Bad

For many years, Bronnie Ware worked in palliative care. Palliative care is the medical care you get when you are afflicted with serious and often terminal illnesses. She spent a lot of time with people in their final three to twelve weeks of their lives. And it is through that experience that she wrote an

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9 Lessons Learned from Tracking My Net Worth for Nearly 20 Years

9 Lessons Learned from Tracking My Net Worth for Nearly 20 Years

I’ve been tracking our net worth like a weirdo since I started working in 2003. That’s nearly 20 years of data. Sweet sweet data. This post was originally written in 2017 but after the years we’ve had in 2021-2022, it rings even truer. I’ve updated it with two more lessons at the end. That first

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