Retirement | Prosperity Trek

Consider Retirement Delay – Trek IV

This entry is part 13 of 18 in the series Trek IV Prosperity

There are several reasons why you might decide that a retirement delay is an option worth considering.

Factors That Might Affect When You Retire
Decline in Housing Prices

A decline in housing prices can be the biggest reason why a family might not be prepared for retirement. In 2009, the decline in housing prices was cited as the [...] Read more »

Timing Retirement - When to Retire

This entry is part 39 of 43 in the series Trek III Wealth & Fulfillment

There are several reasons why you might decide that a retirement delay is an option worth considering.

Factors That Might Affect When You Retire
Decline in Housing Prices

A decline in housing prices can be the biggest reason why a family might not be prepared for retirement. In 2009, the decline in housing prices was cited as the [...] Read more »

Allocate Assets in Retirement - Trek IV

This entry is part 17 of 18 in the series Trek IV Prosperity

In retirement we suggest that you allocate your assets by using four asset pools:

A cash pool to cover the routine bills and expenses. This pool can be a checking account. This pool ideally contains an amount to cover six months of expenses.
A backup portfolio that invests in short-term bonds, CDs, structured notes or other short-term [...] Read more »

Your Retirement Asset Allocation

This entry is part 43 of 43 in the series Trek III Wealth & Fulfillment

In retirement we suggest that you allocate your assets by using four asset pools:

Retirement Asset Withdrawals – Trek IV

This entry is part 16 of 18 in the series Trek IV Prosperity

Withdrawal Amounts

Withdraw no more than 5% of your portfolio each year for living expenses in retirement, but to improve the odds that you will outlast your savings, strive to withdraw no more than 4%.

Your withdrawal rate is the most important factor affecting the probability that you’ll outlast the income stream
from your retirement savings.

The Four Percent [...] Read more »

Retirement Asset Withdrawals

This entry is part 42 of 43 in the series Trek III Wealth & Fulfillment

Withdrawal Amounts

Withdraw no more than 5% of your portfolio each year for living expenses in retirement, but to improve the odds that you will outlast your savings, strive to withdraw no more than 4%.

Your withdrawal rate is the most important factor affecting the probability that you’ll outlast the income stream
from your retirement savings.

The Four Percent [...] Read more »

Planning Retirement Needs – Trek IV

This entry is part 12 of 18 in the series Trek IV Prosperity

How much money will you need to maintain your lifestyle in retirement? For a rough estimate, multiply your expected annual spending (including what you’ll pay in taxes) by 20.

Funding Retirement Needs from Personal Savings

Begin by adding up your non-discretionary expenses. These are expenses that you don’t have much flexibility to reduce. This would [...] Read more »

Identify Retirement Needs

This entry is part 38 of 43 in the series Trek III Wealth & Fulfillment

How much money will you need to maintain your lifestyle in retirement? For a rough estimate, multiply your expected annual spending (including what you’ll pay in taxes) by 20.

Funding Retirement Needs from Personal Savings

Begin by adding up your non-discretionary expenses. These are expenses that you don’t have much flexibility to reduce. This would [...] Read more »

Establish Your Retirement Income Stream

This entry is part 41 of 43 in the series Trek III Wealth & Fulfillment

To prepare for retirement you’ll need to plan your income stream. This exercise should begin with an evaluation of your income sources.

Social Security
How much will I get every month?

There’s a complex formula involved in determining your Social Security benefits. But essentially, the amount you’ll get at your full retirement age is based on your average [...] Read more »

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