Remember 1966? How About 1967?

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Retirement decisions can be momentous. Which year you would have remembered would depend on if you retired back then... and which year!

If you had retired with $1 million and invested in a typical 60% stock, 40% bond allocation, withdrawing 5% each year with a 3% cost-of-living increase, how would you have ended up 30 years later?

Thirty years sounds like a long time, but many people do outlive that… and their money.

The folks at Franklin Templeton ran an analysis of two hypothetical investors. One retiring in 1966 and the other in 1967 – both with the numbers outlined above.

The results were quite different! Our 1966 retiree ended up broke, while the one who retired in 1967 ended up with more than $2 million, even after all the withdrawals!

So, how do you predict which is the best year to retire? Well, you can’t. But, you can install some guardrails for your retirement nest egg. You might find my webinar on this subject helpful. You can register here.

Enjoy!

Jim

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Jim Lorenzen, CFP®, AIF®

Jim Lorenzen is a CERTIFIED FINANCIAL PLANNER® professional and An Accredited Investment Fiduciary® in his 21st year of private practice as Founding Principal of The Independent Financial Group, a fee-based registered investment advisor with clients located in New York, Florida, and California. He is also licensed for insurance as an independent agent under California license 0C00742.  IFG helps specializes in crafting wealth design strategies around life goals by using a proven planning process coupled with a cost-conscious objective and non-conflicted risk management philosophy.

Opinions expressed are those of the author.  The Independent Financial Group does not provide legal or tax advice and nothing contained herein should be construed as securities or investment advice, nor an opinion regarding the appropriateness of any investment to the individual reader. The general information provided should not be acted upon without obtaining specific legal, tax, and investment advice from an appropriate licensed professional.

Jim's picture
Jim Lorenzen is a CERTIFIED FINANCIAL PLANNER® professional and An Accredited Investment Fiduciary® in his 21st year of private practice as Founding Principal of The Independent Financial Group, a fee-based registered investment advisor with clients located in New York, Florida, and California. He is also licensed for insurance as an independent agent under California license 0C00742.

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