Financial Gurus vs. Economics Professors
Before I had heard of David McKnight and his books or read his most recent, The Guru Gap, I read a paper by Professor James J. Choi from Yale…
Understanding PayPal, Venmo, Zelle—and Now Paze (and How I “Invented” It!)
A friend’s wife texted me a while back asking about “Paze.” I hadn’t heard of it then, even though, as I’ll explain later, I practically…
What Kind of Returns Do You Actually Need in Retirement?
Well, it’s baaaaack…and you know what: stock market volatility. And it came back with a vengeance a few weeks ago, moderating some in recent…
Preparing for an Important Retirement Financial Milestone in 2025
There are many retirement financial milestones to pay attention to: your penalty-free early distribution age from an IRA (59/12), eligibility…
Year-End Thoughts on Retirement Stewardship
First and foremost, thank you for subscribing to this blog. I’ve had quite a few new subscribers this year and really appreciate the…
The “Game” of Retirement Stewardship
In a previous article, I talked about saving for retirement and the need to focus on expenses, especially for those with less savings. The…
The Curious Concept of ”Retirement Ruin”
In some previous articles, I’ve discussed longevity risk, withdrawal rates, and Dave Ramsey’s 8% withdrawal rate recommendation.…
Retire Like Dave: Part Two—Maybe You Can Withdraw Eight Percent
A sustainable withdrawal rate is integral to a wise retiree’s financial stewardship plan. Your withdrawal rate determines how much money…
How Higher Interest Rates Are Impacting Retirees
In a previous article, I touched on the risk that rising interest rates present to retirees. There are risks—the negative impacts of rising…