Learn about preparing for life after full-time work through posts from Don's upcoming book.
Introducing the stages in Route 2 of Freedom, Time, Happiness (and a note about the podcasts)
Introducing the stages in Route 1 of Freedom, Time, Happiness
Notes about the Prologue and References
All about the book and its detailed contents
Three new features, and nothing taken away
Experts make assumptions about our attitude to financial risk in our retirement years. Here’s a case study that suggests that psychology plays a considerable role, regardless of finances.
Of course we hope for good outcomes when we invest. But we must consider the possibility that outcomes will be bad, perhaps even over long periods. That’s what risk means. Let’s take a look at history again, this time looking at bad news.
The “glide path” in accumulation applies only when you’re saving money, not when you’re making withdrawals. Here’s an important decumulation angle.
A (final) bit of background on my article in the London-based FT Money publication and an accompanying podcast
A glide path that is based on assumptions about the average saver is a great start as a default option. That doesn’t mean it can’t be improved. This post describes ways in which it can be customized to better fit each saver’s characteristics.