You’ve probably heard it said that the first $100,000 is the hardest. It feels painfully slow. You save diligently, invest consistently, yet the balance crawls…
The Time Value of Money: Future Value of Periodic Investments
Introduction In the world of personal finance, few concepts are as powerful as the future value of money. It underscores why starting early with retirement…
The Time Value of Money: Future Value of Current Holdings
Introduction: Understanding the Time Value of Money in Retirement Planning Grasping the concept of the future value of money is essential to retirement planning. Imagine…
Why I Don’t Do Dollar Cost Averaging
Introduction Dollar cost averaging, often referred to as “DCA”, is the technique of investing a fixed amount of money at regular intervals regardless of market…
Timing is Everything: Sequence of Returns Risk
Biggest Fear The biggest fear for most retirees is running out of money before running out of years. The risk of running out of money…
The 4% Rule: Is It Good Enough?
Introduction If you have been planning for retirement for any period of time, you have likely encountered the 4% Rule. This rule is a commonly…
What is “Your Retirement Equation”?
“When do you plan to retire?” “Your Retirement Equation” will help you answer that question. If you ask an average person when they plan to…