Life Expectancies & Retirement Planning

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Life Expectancies & Retirement Planning

When it comes to planning for retirement, the length of the planning horizon (i.e., life expectancy) stands apart from the many other assumptions required in the modeling process. Life expectancy is defined as the average number of years a person can expect to live at a given age. The specific issue for planning is something called longevity risk, or the possibility an individual will live to such an advanced age that they will deplete their retirement savings and be forced to rely solely on Social Security and Medicare for their expenses.

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10 Considerations When Relocating to a Different State

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10 Considerations When Relocating to a Different State

In December of 2019 in a white paper titled “Are you considering relocating when you retire? Tax issues to consider”, I provided an update on various tax differences between states to consider prior to relocating during retirement.

The popularity of relocating has grown, in particular over the past several months, and you have likely read stories about the rising interest of individuals and families moving to different areas of the United States. The pandemic has caused many to reevaluate where they want to reside, whether that be for cost-of-living (including a lower future tax burden), personal health and well-being, or closer proximity to family and friends.

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Addressing Cash Flow Needs During Retirement – Which Accounts Should I Withdraw From and in What Order?

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In a recent white paper titled “Asset Location”, I touched on some of the important things to consider regarding the placement of certain types of assets within different accounts in order to optimize the long-term tax efficiency of one’s retirement pool of assets.

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