Clueless in Withdrawal…

August 2006
Journal of Financial Planning;Aug2006, Vol. 19 Issue 8, p10
Academic Journal
The article focuses on the amount of money that can be safely withdrawn from retirement fund on a yearly basis. The "Journal of Financial Planning" has recommended a withdrawal rate of about 4.5%, and the financial planning industry has adopted a standard of around 4%. A poll by New York Life is presented, suggesting that the public isn't aware what they can safely spend during retirement. Only 10% of those polled between 41-years-old and 92-years-old thought they could only safely take out less than 5% a year, while 40% didn't know and 29% chose 10% or more.


Related Articles

  • Financial Gerontology. George, Linda K. // Journal of Financial Service Professionals;Mar1999, Vol. 53 Issue 2, p28 

    The author of this article offers a practical set of suggestions on how financial planners can understand older clients and maximize the ability to serve them. It should be noted that not all older adults are in a position to make use of the financial services industry. A prerequisite for use of...

  • HANDS-ON INVESTMENT. Hensley, Peter // Investigate;Nov2005, Vol. 5 Issue 58, p66 

    Presents a hypothetical scenario concerning personal finance management. Importance of working closely with a financial advisor; Ways to analyze retirement plans; Techniques in managing personal finances.

  • Consumers Value Advisers' Certifications, Training, Experience.  // Plan Advisor News;2014, p95 

    The article discusses the highlights of the Certified Financial Planner (CFP) Board of Standards survey on the key qualities that consumers look for when choosing a financial adviser. Findings include the high value placed by consumers on the advisers' knowledge, the type of advice they provide,...

  • Why is Risk Management Being Overlooked? Most, Bruce W. // Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p48 

    The article looks at the reasons why insurance is often overlooked by financial planners in the U.S. and their clients. Several financial planners and insurance experts are not emphasizing enough the area of risk management, not only life insurance but also disability, health, long-term care and...

  • Financial Planning Critical Regardless of Wealth. Marsh, Ann // Bank Investment Consultant;Aug2012, Vol. 20 Issue 8, p6 

    The article reports on the critical condition of financial planning regardless of the U.S. wealth. A survey reveals the benefits of personal financial plan in reaching the financial goals of the rich and the poor. It points out that the plan helps increase the effectiveness and confidence of an...

  • Do you feel your concerns are heard by your financial advisor?  // Senior Market Advisor;Jun2012, Vol. 13 Issue 6, p18 

    The article presents comments of senior citizens in the U.S. on whether their concerns are heard by their financial advisor. According to a senior from Washington, his advisor is interested in having a particular understanding of what their expectations are. A 75-year-old woman from New Jersey...

  • WHO USES A FINANCIAL PLANNER, AND WHY NOT? Cutler, Neal E. // Journal of Financial Service Professionals;Nov2001, Vol. 56 Issue 6, p33 

    Results of a national study conducted in the U.S. by the American Perceptions of Aging in the 21st Century project, which looks at the reasons consumers do not use a financial planner, were presented. For the national sample as a whole 37 percent said 'yes' and 63 percent said 'no.' The 'why...

  • Trends Drive Opportunities for Financial Planning for Women. Eikmeier, Barbara J. // Journal of Financial Planning;Apr2007 Supplement, Vol. 20, p6 

    The article discusses financial planning for women. After the "New York Times" announced that the majority of women in the United States are living without a spouse, financial planners realized they must adapt their business to the financial challenges facing women. These challenges include the...

  • Hitting or missing the retirement target: comparing contribution and asset allocation schemes of simulated portfolios. Schleef, Harold J.; Eisinger, Robert M. // Financial Services Review;Fall2007, Vol. 16 Issue 3, p229 

    Personal financial planning entails establishing retirement portfolio goals, which may be identified as specific portfolio target values. The problem of investing to build a retirement portfolio that achieves a specified value at retirement can be modeled as a dynamic multiperiod portfolio...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics