Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    How Do I Maximize Retirement Income From My Portfolio?
    How Do I Maximize Retirement Income From My Portfolio?
    How Do I Maximize Retirement Income From My Portfolio?
    Ebook31 pages15 minutes

    How Do I Maximize Retirement Income From My Portfolio?

    By Dale Maley

    ()

    Read preview

    About this ebook

    Conventional financial planning wisdom assumes that retirees can withdraw a maximum of an inflation adjusted 4% of their retirement portfolio every year. Some recent research indicates the 4% safe withdrawal rate rule can be increased by following some decision based rules. This short story explores this recent research and illustrates how to maximize the income from a retirement portfolio.

    LanguageEnglish
    PublisherDale Maley
    Release dateOct 16, 2010
    ISBN9781452331843
    How Do I Maximize Retirement Income From My Portfolio?
    Author

    Dale Maley

    Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.

    Read more from Dale Maley

    Related to How Do I Maximize Retirement Income From My Portfolio?

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      What’s Your Retirement Number?

      Dec 22, 2021

      As anyone who uses a fitness app can attest, setting goals can be a valuable motivational tool. The allure of the couch is easier to resist if your Fitbit or Apple Watch informs you that you’re well short of your daily step or exercise target. Likewi

      8 min read

    • Article

      Simple Strategy to Spend Safely in Retirement

      Apr 9, 2018

      Retirement-income strategies are big business. Financial advisers and online advice services will help you transform your savings into a steady retirement paycheck--for a fee. Some mutual funds also promise to deliver a stream of retirement income--f

      3 min read

    • Article

      Making the Switch: How to Transition Your Portfolio from Growth to Income

      Jun 15, 2020

      One of the biggest challenges investors face as they near retirement is transitioning their portfolio from a focus on accumulation and asset allocation to a new, but just as critical, emphasis on distribution and income allocation. The aim is the sa

      4 min read

    • Article

      Protect Your Retirement Income from Inflation

      Sep 2, 2022

      If you’re a retiree (or near retiree) who isn’t worried about inflation, you’re either fabulously wealthy or not paying attention. Even for super savers, inflation is retirement kryptonite. To keep up with rising costs, you may be forced to take larg

      12 min read

    • Article

      Why the 4% Withdrawal Rule Is Wrong

      Jan 25, 2018

      What if I told you one of the most common guidelines people use to plan for retirement is wrong? Further, what if I told you that making the mistake of following it can greatly impact the quality of life you live in retirement and the longevity of yo

      4 min read

    • Article

      How to Create Income for Life

      Aug 26, 2020

      During periods of economic uncertainty, a paycheck is the ultimate antidote to stress. As long as you’re getting paid, you can buy groceries, pay the mortgage and—one of these days—catch a ball game. Unless you’re fortunate enough to have a tradition

      9 min read

    • Article

      Live Well Without Running Out of Money in Retirement

      Aug 29, 2019

      As you near retirement, you might look back and think that saving for this next stage of life was the easy part. During your working years, the big decisions were how much to save and where to invest. But now it's time to switch gears. Instead of acc

      17 min read

    • Article

      Spend Without Worry in Retirement

      Aug 30, 2021

      The Irish poet and playwright Oscar Wilde once said that it’s better to have a permanent income than to be fascinating—a sentiment many retirees undoubtedly share. Unfortunately, the decline of traditional pensions in favor of 401(k) plans (and other

      12 min read

    • Article

      Seven Keys To Investing Successfully For Retirement

      Apr 24, 2021

      YOUR early working years can be hectic, with long days spent navigating a fast-changing world, and your partner, perhaps even a young family, placing multiple demands on you. How are you supposed to plan for the long term, choose an investment portfo

      2 min read

    • Article

      What Type of Annuity Is Best For Me?

      Jun 28, 2019

      When you think about retirement, what's your biggest fear? If you're worried about running out of money, you're not alone. Survey after survey has found that building enough income to last through a long retirement is one of the top concerns for bab

      6 min read

    • Article

      The 5 Best Fidelity Stock Funds to Buy for the Long-Term

      Mar 22, 2018

      Some investors have given up on actively managed stock funds in recent years, instead turning to dirt-cheap index funds that passively track a benchmark. Index funds can get the job done. But the record of Fidelity's stock mutual funds makes a strong

      4 min read

    • Article

      Why a Good Retirement Plan Isn’t Separate Pieces, But a Holistic Strategy

      Sep 9, 2022

      Effective retirement planning reaches beyond investments and the numbers related to various accounts a person owns. First, it’s about understanding the scope of one’s future financial needs and goals. And from that framework, it’s about putting all a

      3 min read

    • Article

      16 High-Yielding Monthly Dividend Payers

      Sep 7, 2018

      What income investor doesn't love the frequent payout and reliable cash flow that can come from owning monthly dividend stocks, trusts and other entities? The ability to offset predictable expenses such as mortgage payments and utility bills every mo

      13 min read

    • Article

      The Only Two Vanguard Index Funds You Need for Retirement

      Jan 19, 2018

      Every year or so, I pen a column about how to invest for the long haul using just a handful of Vanguard index funds (read the latest version: "6 Best Vanguard Index Funds for 2018 and Beyond"). Without fail, this article is more popular than anything

      3 min read

    • Article

      How to Turn 'Found' Money into a Retirement Income Stream

      Feb 19, 2018

      Save it or spend it? That's the question to answer when you find extra money. Kiplinger's Personal Finance magazine headlined its February 2018 issue with great approaches when the figure at hand is $1,000, $10,000 or $100,000. I have some ideas, to

      2 min read

    • Article

      For Real Financial Security, Do NOT Do What Everyone Else Is Doing

      Apr 5, 2022

      If you were to characterize the perfect investment, how would you describe its features?  You most likely are describing something that doesn’t exist –  a financial unicorn that, if it actually did exist, would do away with all other financial produc

      5 min read

    • Article

      A Tax Guide for Investors

      Mar 7, 2019

      For most people, tax time is about as much fun as taking a bath with an electric eel, and taxes on your investments can be particularly confusing and irksome. Nevertheless, if you make wise use of capital losses and gains, you may find that you owe l

      7 min read

    • Article

      The Ins and Outs of Buying Long-Term Care Insurance

      Mar 9, 2018

      I often suggest long-term care insurance to my clients, and I almost always hear this objection: "It's too expensive." Yes, long-term care insurance is not cheap, but medical insurance and Medicare typically do not cover that particular type of care

      2 min read

    • Article

      Considering Early Retirement? 5 Things to Know

      May 14, 2020

      Recently I received an email titled “early retirement” from a client who has been working for the same Fortune 500 company for over 40 years. He was planning to retire soon but had not put in his notice. Their offer: 14 months of pay plus health bene

      5 min read

    • Article

      The Power of Index Funds

      Mar 7, 2019

      John Bogle used to joke that investing in managed mutual funds was like a second marriage: "It's the triumph of hope over experience." Bogle, an investment industry legend who died in January at 89, could have said the same about his own life. He sur

      5 min read

    • Article

      Is There a Right Way to Make a Roth Conversion?

      Sep 28, 2018

      A commonly recommended strategy for reducing your tax burden and the impact of required minimum distributions (RMDs) is a Roth conversion. You'll have no trouble finding information on why you should consider converting pretax IRA money to a Roth IRA

      4 min read

    • Article

      The Perils of Investing in Index Funds

      Feb 1, 2018

      A sea change has been quietly reshaping portfolios in recent years. Investors have been fleeing actively managed funds and flocking to index funds. In 2017 (through November), investors pulled $191 billion from actively managed U.S. stock funds and p

      5 min read

    • Article

      Paul’s Verdict

      Sep 1, 2021

      You reckon you are getting older, Mel! I recently hit 66. It’s pretty funny, though. Fortunately, both my wife, Vicki, and I are in great health, but our three adult kids are now worrying about us and people stand for me on the train or bus, which is

      2 min read

    Related categories

    Reviews for How Do I Maximize Retirement Income From My Portfolio?

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      How Do I Maximize Retirement Income From My Portfolio? - Dale Maley

      How Do I Maximize Retirement Income From My Portfolio?

      by

      Dale C. Maley

      SMASHWORDS EDITION

      PUBLISHED BY:

      Artephius Publishing on Smashwords

      How Do I Maximize Retirement Income From My Portfolio?

      Copyright © 2010 by Dale C. Maley

      All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book.

      * * * * *

      Table of Contents

      Chapter 1

      History of Safe Withdrawal Rates

      Chapter 2

      Is Retirement Spending Really Constant?

      Chapter 3

      Preserving Net Worth in Retirement

      Chapter 4

      Retirement Calculator from Hell

      Chapter 5

      FireCalc

      Chapter 6

      Portfolio Preservation Case Study

      Chapter 7

      Spend Down the Portfolio

      Chapter 8

      Declining Expenses in Retirement

      Chapter 9

      Comparison of Case Study Results

      Chapter 10

      Income Smoothing Approach

      Chapter 11

      Conclusion

      Bibliography

      Web Sites

      * * * * *

      Warning-Disclaimer

      This book is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher and

      Enjoying the preview?
      Page 1 of 1