Retirement Planning: A Step-By-Step Approach

It’s complicated, it requires detailed work—but it’s all right here in a how-to-do-it format. So, get out your calculators (one that can solve for exponentials) … More than any single factor, money will determine when people will retire and the type of lifestyle they will have during retirement. This article is designed to help you…

 

Setting Priorities Using Decision Matrixes

Setting financial priorities is frequently very difficult for individuals. Yet, it is very important for most people, since few of us have the financial resources to totally finance all of our “wants.” Setting priorities allows us to consciously review our objectives and rank them as to the order of their importance to us. It also…

 

AAII Survey: How Readers Organize Their Personal Financial Files

Last week’s featured AAII article on the AAII blog outlined ways in which individuals can organize their personal financial files. It turned out to be one of the most popular posts in the blog’s history. As the article points out, there are a number of reasons to keep your financial files in order: tax audits,…

 

Get Organized! How to Maintain Your Personal Financial Files

Are your file cabinets overflowing? Everyone needs to keep certain personal financial files more or less permanently. But which files should you keep, and why do you need to keep them? How long should you keep them and in what format? This post serves as a brief guide to organizing your personal paperwork. Let’s start…

 

AAII Survey: Readers Outline Retirement Goals, Biggest Obstacles to Achieving Them

Everyone has a different view of retirement and, thus, different goals they hope to achieve in retirement. The goals may include taking better care of themselves, traveling more, spending more time with friends and family, etc. AAII Weekly Survey Question To get an idea of the biggest goal our readers have for retirement, last week’s…

 

Human Capital and the Theory of Life-Cycle Investing

Human capital is something we all have, and it’s becoming a front of mind issue in the press and in the field of financial planning. What’s up with that? What Is Human Capital? For economists, there is a very specific definition for human capital. They say it is the value of future earned income expressed…

 

A Guide to Dealing With an Estate Planning Attorney

It is well-known that the best way to motivate someone to go see an estate planning attorney is to arrange a trip to a faraway place. There are, of course, excellent reasons for consulting with an estate planning attorney other than exotic travel. Up-to-date estate plan documents maximize the chance that your wishes with respect…

 

Inherited IRA Rules for Spouses, Heirs and Trusts

This week’s AAII Weekly Digest highlights these “must-read” AAII articles:   Inherited IRA Rules for Spouses, Heirs and Trusts Inherited IRAs have unique traits and do not follow all the same rules as traditional individual retirement accounts and Roth IRAs. Though some similarities exist, the applicable rules are dependent on whether the new owner of…