Fearless Retirement: How to Retire Without Financial Worry

Dr. Moshe Milevsky, a professor who’s involved with the Quantitative Wealth Management Analytics Group (QWeMA). They’ve developed a retirement income analysis tool based on something they call Product Allocation for Retirement Income (PrARI®) algorithmic methods.

Quite simply, they want to buy when they feel good about buying or when they feel safe. And they want to sell when they don’t feel good or safe anymore. Unfortunately, this is often contrary to the principle of buy low, sell high. When markets are low, people don’t feel safe. When markets are high, they do. So they end up buying at the top, when th

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This could be considered as anything you may want to do or have to pay for in the next 3-5 years. For some this is making sure there’s money set aside for a major vacation, not the regular annual ones. For others, this is the place to park some money for the regular purchase of a new vehicle, assuming you don’t finance or lease it. When it comes to

In the Income/Expense Hierarchy, expenses corresponded to levels of needs in Maslow’s model. With the exception of the “estate/legacy expense”, it also resembled my Four Planning Cornerstone approach. Unlike my approach, though, the Income/Expense Hierarchy regarded expenses from a motivational or psychological perspective. I’d found the human pers

whenever times got tough…….. “Illegitimi non carborundum”

The short answer is human behaviour. As humans, we let emotion rather than logic drive our decisions. The emotions of fear and greed drive our decisions of when to get in and when to get out of the market.

If you’re drawing income from your long-term assets, you might set aside enough mid-term money to cover one to two years of income payments. When the next market correction comes, you’ll have enough income to keep you going for one to two years, and you won’t have to worry when the markets don’t bounce right back.

I talked to clients about how money by itself isn’t important. In fact, I’ve been known to say that money by itself is boring, especially in the modern world, where we don’t even get to hold much of it in our hands. Our money has just become numbers in a computer. I’ve also said that the important thing is what money can do. This concept eventually