Glide Paths within the Glide Path

John Hancock offers a high-fee “solution” to the “4% rule”

https://401kspecialistmag.com/glide-paths-within-the-glide-p…

This issue also offers some priceless insights from Professor of Retirement Income Wade Pfau. As always, the comments to the article are illuminating.

https://401kspecialistmag.com/wade-pfau-on-sequence-of-infla…

If you can eliminate “the skim” of Wall Street and insurance agents, you only need to save about half as much money for retirement.

https://retireearlyhomepage.com/minimizing_the_skim.html

intercst

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If you can eliminate “the skim” of Wall Street and insurance agents, you only need to save about half as much money for retirement.

No, you’ve got that backwards.

If you allow brokers & insurance agents to manage your money, you need to save about twice as much.

"No, you’ve got that backwards.

If you allow brokers & insurance agents to manage your money, you need to save about twice as much. "


The closer than to England, the farther then to France.

Howie52
I seem to recall that this was from Mr. Lewis Carroll.
If not I guess the boat must have sunk mid-channel.

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I have a CPA that does my taxes for a pretty reasonable price (compared to what I’ve paid in some other places) but he also has a financial investment company and while I’ll ask some advice here and there I do see a bent towards some insurance products that most here would avoid. For example I was curious about LTC insurance products and gave some analysis of an example and he then mentioned hybrid products. When I looked into those, my first thoughts were less than positive.

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John Hancock offers a high-fee “solution” to the “4% rule”

When I first became a homeowner, after a while the toilet began to run continuously. That was pre-internet, so I went to the library, looked at a plumbing book, and discovered it wasn’t too hard to fix. Then, I bought the parts needed and spent probably triple the amount of time an expert would have taken to replace the part. That avoided calling a plumber for >$100 trip charge + whatever per hour it would have cost.

The point is this–If you don’t know anything about an endeavor (fixing a toilet or funding your retirement), you can either learn or pay dearly for someone else to do it. A third path is having someone do it for you for free, which is more possible for a small home task than saving/growing/maintaining one’s portfolio.