A Lesson in Not Taking the Marshmallow

In the late 1960’s, Walter Mischel, a psychologist at Stanford University, conducted a research study now commonly referred to as the Marshmallow Experiment. The study took an initial look at the development of children’s ability to delay instant gratification. The experiment while fairly simple in delivery provides valuable takeaways that are applicable to retirement planning… read more →

Retirement Withdrawal Strategies – Is the 4% rule of thumb still appropriate for you?

Many personal finance websites, calculators, and newsletters have long advocated that most retirees would be able to take 4% from their savings in their first year of retirement and then increase that withdrawal amount in accordance with inflation every year for at least the next 30 years.  While even the creators of this rule of.. read more →

Can You Have the Retirement You Want?

For many Americans, the answer to the question above remains as intimidating as it is elusive. While the question itself is simple, the answer remains complex, ever-changing, and the cause of much fear and anxiety for those nearing retirement age. So why is this question so fear inducing and difficult to gauge? And more importantly,.. read more →