Retirement Planning

This category is the heart and soul of Wealth Pilgrim. Here you’ll find a host of information created to help you reach your retirement goals and enjoy the journey. These are nuts-and-bolts articles to help you understand where you are now, identify where you want to be and when you want to get there, and design a roadmap to help you do so.

You might ask yourself if it’s smart to own your own home after you retire. While I think real estate can be a great investment while you are in the accumulation phase of your life, I think it can sometimes be a horrible thing to hold on to once you retire. Let’s look at a […]

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Even if you’ve accumulated significant assets over the years you may not know exactly how to turn those investments into income. This frustration comes into play most often when people think about their growth mutual funds and their real estate.  Sure they might have built up tons of equity, but how do you tap in […]

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When you take a fixed amount from your investments or savings at fixed intervals you are taking a systematic withdrawal. So in other words, if you withdraw $500 from your account every month, that’s a systematic withdrawal. “Simplisimo”! Why Are Systematic Withdrawals Your Secret Weapon For Enhanced Retirement Income? Systematic withdrawals could be the key […]

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Things are pretty good right now for investors.  The market has been solid and inflation has been tame.  But some people are concerned about the future.  And I believe more will become increasingly anxious in the near term as interest rates start to go up.  This is especially acute for retired people and for people […]

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You may have heard about a recent Treasury Department ruling that allows investors to buy deferred income annuities (DIAs explained below) within 401k plans. DIA plans convert your 401k into a pension. Up until now you could make IRA contributions to DIAs but with this Treasury ruling target-date funds operating within a 401k or other […]

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Believe it or not, your retirement hobbies have a lot to do with your financial future. In fact, they could be the difference between having a successful retirement or not. Here’s why I say this. When you retire you’ll have lots of free time. If you don’t fill it up with some fulfilling activity, you’re […]

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