Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Wednesday, August 31, 2016
Is your retirement ready for a natural disaster?
Retirement planning is most often defined as achieving financial security against a backdrop of long lazy days enjoying sun, sea and sand. Unfortunately, finances are only one element of safety and security in retirement. The recent torrential rains targeting the Gulf Coast, particularly Louisiana, have resulted in six deaths and nearly 20,000 people being rescued from the flood waters, putting weather-related disasters back in the news. If you are retired and such an unfortunate event happens, are you prepared?
Should You Plan On Your Retirement Lasting 30 Years Or 40?
The 4% rule has a planning horizon of thirty years. As I mentioned during the discussion of the PMT formula, different time horizons suggest different spending rates. An eighty-five-year old is not necessarily limited to a 4% spending rate.
The 4% rule gets its name from its suggested spending rate for the first year of retirement. Beyond that, the spending rate evolves as inflation guides future spending and portfolio returns guide the amount of remaining financial assets.
The 4% rule gets its name from its suggested spending rate for the first year of retirement. Beyond that, the spending rate evolves as inflation guides future spending and portfolio returns guide the amount of remaining financial assets.
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
4 Numbers That Help You Plan for a Secure Retirement
Try these rules of thumb for your retirement nest egg.
Read the complete article here.
Damian J. Sylvia
Retirement Income Solution
220 Monmouth Road
Oakhurst, NJ 07755
Damian J. Sylvia
Retirement Income Solution
220 Monmouth Road
Oakhurst, NJ 07755
Friday, August 12, 2016
Are Millennials Heading For A Retirement Crisis, Too?
We’ve heard over and over that many boomers will face a retirement crisis (if they haven’t already). But if you’re a boomer parent, you’re probably wondering: Will my kids’ generation, the Millennials, face one, too?
Of course, it’s way to early to say for sure either way. After all, these 83.1 million Americans are only 19 to 35. But based on the Wells Fargo Millennial Study released today and other data I’ve reviewed, I’d say that quite a few Millennials just may be heading towards a retirement crisis.
The good news: Unlike the boomers, Gen Y has enough time to reverse course.
Of course, it’s way to early to say for sure either way. After all, these 83.1 million Americans are only 19 to 35. But based on the Wells Fargo Millennial Study released today and other data I’ve reviewed, I’d say that quite a few Millennials just may be heading towards a retirement crisis.
The good news: Unlike the boomers, Gen Y has enough time to reverse course.
Damian Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
Why Trump and Clinton Need to Join the Conversation on Retirement Security
Aging is the forgotten megatrend.
This presidential election cycle, perhaps the closest watched in history, has lacked any meaningful discussion of the pressing issues related to longevity and retirement. That’s a shame because issues that candidates choose to talk about can move the needle on public awareness, which is a step toward action.
This presidential election cycle, perhaps the closest watched in history, has lacked any meaningful discussion of the pressing issues related to longevity and retirement. That’s a shame because issues that candidates choose to talk about can move the needle on public awareness, which is a step toward action.
Damian Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
10 Tips to Live Rich While Saving for Retirement
Planning for your financial future while living a full and rich life is a juggling act. Between the financial demands of mortgage payments, kids' activity fees, the car payment and, of course, trying to save for retirement, sometimes the here and now can get lost.
The sad fact is that many people compromise things they truly value, like spending time with the people they care about, out of fear they will come up short one day, says Mark Ciucci, senior vice president of advice at United Capital, a financial advisory firm in Newport Beach, California.
The sad fact is that many people compromise things they truly value, like spending time with the people they care about, out of fear they will come up short one day, says Mark Ciucci, senior vice president of advice at United Capital, a financial advisory firm in Newport Beach, California.
Damian J. Sylvia
Retirement Income Solutions
220 Monmouth Road
Oakhurst, NJ 07755
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