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…
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 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.…