Planning
17 viewpoints on this topic. ← All viewpoints
Why your average return doesn't determine whether your retirement lasts
Everyone focuses on average returns. Nobody runs the scenario where the bad years arrive first. Here's why sequence of returns risk is the variable that actually determines whether your retirement holds.
The retirement spending assumption that quietly breaks most plans
Your retirement projection assumes spending drops when you stop working. Some does. The parts you forgot about tend to spike. Here's what the real spending curve looks like.
Is the cash in your retirement account actually costing you money?
Cash in a retirement account feels safe. But every dollar of it carries a locked-in tax liability and a compounding opportunity cost. Here's what it's costing you.
What does delaying Social Security actually cost you?
Delaying Social Security sounds smart until you run the math nobody does. Here's how to know if it actually pays off for you.
The "good enough" portfolio: why your second-best allocation usually beats your first.
Optimization is seductive, but the portfolio you'll actually stick with through three bad quarters beats the one that looks perfect on paper. A practical case for boring, durable allocation choices.
Roth conversions in your sixties: the four-question filter I use before I touch one.
Half the Roth-conversion advice on the internet is built for the wrong client. Before you convert a single dollar, here are the four questions that decide whether the math actually works for you.
The sixty-second test that quietly tells you whether you actually have a financial plan.
Most people I meet have a portfolio, a 401(k) statement, and a vague feeling that things are probably fine. None of those is a plan. Here's the simple verbal test I run with prospective clients in the first ten minutes, and what every "no, but…" answer is really telling you.
The net worth number that actually signals financial independence
Net worth is the wrong number. The one that actually tells you when you can retire is one most people have never calculated.
The private school decision that quietly derails retirement for high earners
Private school gets treated as a parenting decision. The $500,000 to $1,000,000 K-12 commitment is also a financial planning decision. Most families never model both.
When to do things matters as much as what to do. Here's where people get the timing wrong.
The strategy might be right. The timing of it might be all wrong. Here's where getting the sequence backwards costs people the most money.
The deferred tax bill hiding inside your retirement accounts
Your retirement account statement shows you the gross balance. The net balance, what you actually own after the deferred tax bill, is a different number.
The real cost of the lake house: the math most buyers never run
The lake house is affordable. What it actually costs over its lifetime, almost nobody runs. Here's the math.
The identity trap that quietly drains new wealth after a liquidity event
The liquidity event was supposed to bring clarity. Instead it brought a new set of questions nobody prepared you for. That gap is expensive.
The mortgage payoff vs. invest debate is a false choice. Here's the real question.
The pay-off-the-mortgage vs. invest debate is one of the most argued questions in personal finance. It's also one of the most misframed.
The one number that matters more than your investment returns
Everyone obsesses over returns. The number that actually determines whether you retire on time isn't in your portfolio statement.
The 4% rule for retirement isn't a rule. Here's what it actually is.
The most widely cited number in retirement planning came from one study, one time period, and one set of assumptions. None of which describe your situation.
Why high earners are often the worst at building wealth
High income feels like it solves financial problems. It solves the cash flow ones. The wealth-building ones, it tends to make worse.