Retirement Planning Tools Give Dangerous Advice
(ContentDesk via ContentDesk Direct) February 12, 2006 -- Most retirement planning tools offer dangerous advice to retirees seeking to determine how much they can withdraw each year from their stock portfolios, according to a four-year research project. Rob Bennett, founder of the Financial Freedom Community (a group of Internet discussion boards), today announced the launch of an effort to bring the community's findings to the attention of retirees before the flaws in the retirement planning tools cause millions of busted retirements. Thousands of the worlds best savers and investors--middle-class workers who achieve financial freedom in their 40s or 50s--have studied this question in great depth, said Bennett. All of the evidence points to the same conclusion--most retirement planning tools are gravely flawed. The flaw is that most retirement planning tools identify a single withdrawal rate as safe. For example, a retirement planning tool might state that a retiree with an 80 percent S&P stock allocation can safely withdraw an inflation-adjusted 4 percent of her portfolio each year. The reality is that the safe withdrawal rate varies with changes in valuation levels. When stocks are at low valuations, the safe withdrawal rate for this allocation rises to 6 percent or more.
When stocks are at high valuations, it drops to 2 percent or less.The Financial Freedom Communitys findings have been supported by two widely recognized investment experts--Dallas Morning News Columnist Scott Burns and William Bernstein, author of The Four Pillars of Investing. Burns wrote in a June 2005 column that: "A growing school of thought believes future withdrawal rates should be reduced to reflect expected lower future returns. Bernstein stated in his book that analyzes based on historical stock-return data but failing to make adjustments for changes in valuation levels offer results that are highly misleading at times of high valuations.The first step being used to warn retirees of the dangerous retirement planning tool claims is the formation of the www.Early-Retirement-Planning-Insights.com web site. The new site contains over 100 articles describing the most important safe withdrawal rate research of recent years, the work done by John Walter Russell.Rob Bennett writes the daily Financial Freedom Blog and is the author of Passion Saving: The Path to Plentiful Free Time and Soul-Satisfying Work. He is also publisher of the PassionSaving.com web site..
Veterans Financial Services, Inc., is Pleased to Announce that Robert Dolan, a Retired Veterans Administration Service Center Manager, Has Joined Our Staff
(ContentDesk) June 21, 2006 -- Veterans Financial Services, Inc. (VFSI), of 525 West Chester Pike, Havertown, Pennsylvania is pleased to announce that Robert Dolan will be joining our corporate team. Robert brings 32 years of experience at the Veterans Administration to VFSI.At the Veterans Administration, Robert Dolan worked as a Service Center Manager for the past 13 years. His center managed benefits for over 100,000 families and managed annual payments of over $64 million dollars.Veterans Financial Services, Inc. works with residents of over 400 assisted living communities nationwide to help them qualify and apply for Veterans Pension benefits from the VA.
VFSI's team has over 150 years of combined expertise in the areas of Veterans Benefits, Estate Planning, Financial Planning, Long Term Care, and Medicaid Planning.Brian Newmark, from Veterans Financial Services, Inc., said, "I am excited to have someone on our staff who brings so much inside experience from the VA. We have...
Veterans Financial Services, Inc., is Pleased to Announce that Robert Dolan, a Retired Veterans Administration Service Center Manager, Has Joined Our Staff
Financial planning > Veterans Financial Services, Inc., is Pleased to Announce that Robert Dolan, a Retired Veterans Administration Service Center Manager, Has Joined Our Staff
Mid-Cities Advisor Named One of the ?Best Financial Planners in Dallas/Fort Worth?
Steve Blankenship, CFP?, Founder and Principal of Heritage Financial Planning in Grapevine has been named by D Magazine as one of the "Best Financial Planners in Dallas" in a recent issue of the magazine.
Over 1,000 financial planners in the greater Dallas/Fort Worth area were considered for this prestigious honor.
Fewer than 10 of those honored are from Tarrant County.
Mr. Blankenship is the only fee-only financial planner in Grapevine, Texas and one of only a handful of fee-only professionals in all of Tarrant County.
As a fee-only professional, Mr. Blankenship receives no commissions or other rewards for selling financial products.
About Heritage Financial PlanningSteve Blankenship, CFP? is the Founder and Principal of Heritage Financial Planning, an independent financial planning firm located in Grapevine, Texas. A Certified Financial Planner? professional, Steve was recently featured on the cover of Financial Planning magazine and profiled...
Financial planning > Mid-Cities Advisor Named One of the ?Best Financial Planners in Dallas/Fort Worth?
Retirement Planning Tools Give Dangerous Advice
(ContentDesk via ContentDesk Direct) February 12, 2006 -- Most retirement planning tools offer dangerous advice to retirees seeking to determine how much they can withdraw each year from their stock portfolios, according to a four-year research project. Rob Bennett, founder of the Financial Freedom Community (a group of Internet discussion boards), today announced the launch of an effort to bring the community's findings to the attention of retirees before the flaws in the retirement planning tools cause millions of busted retirements. Thousands of the worlds best savers and investors--middle-class workers who achieve financial freedom in their 40s or 50s--have studied this question in great depth, said Bennett. All of the evidence points to the same conclusion--most retirement planning tools are gravely flawed. The flaw is that most retirement planning tools identify a single withdrawal rate as safe. For example, a retirement planning...
Retirement Planning Tools Give Dangerous Advice
Financial planning > Retirement Planning Tools Give Dangerous Advice
Budgeting
Budgeting involves the planned allocation of funds to various departments in a business organization. Budgeting is often done by enterprises on a periodic basis. In simpler terms, it means planning for and estimating the financial position of an organization in a given time period.
The process of budgeting is very basic. Budgeting helps keep track of the health of a business, be it big or small. An individual with a basic income can also plan his budget.
A simple rule for making a financial statement is keeping the accounts very simple. The expenses can be noted on a day-to-day basis; these expenses can be clubbed under one subcategory.
The usefulness of a budget depends on the reliability of the information used to create it. Unrealistic estimates of prices, yields, or input quantities would lessen the accuracy of the budget and could possibly lead to a faulty financial decision.
The process of budgeting can help make sound management...
Financial planning > Budgeting
National (18 year-old) estate planning firm offers a 21st century approach to multi-disciplinary networking.
(ContentDesk) January 2 2004--Financial professionals, like everyone else, are being impacted by a 21st century information blitz. Mainstream Americans have become more informed and thus aware of their family's particulary estate planning needs. Clients now carry that attitude with them as they go into meetings to discuss investment-suitability or insurance needs. For the financial/agent advisor, that presents an opportunity. Clients are looking for a "platform" to help put it all together for them, to package granular products and services into a singular plan - a "one-stop-shop", so to speak, to help them with their planning concerns and objectives.
Integrated Trust Systems has galvanized their 18 years of professional experience in the national estate planning industry to develop a high-tech "virtual office" networking system that brings the advisor and attorney together - online - to help meet the clients' estate planning needs with speed, efficiency, accuracy, and cost effectiveness.....
National (18 year-old) estate planning firm offers a 21st century approach to multi-disciplinary networking.
Financial planning > National (18 year-old) estate planning firm offers a 21st century approach to multi-disciplinary networking.
Take Responsible For Our Condition
Today I Am Claiming My ProsperityI can not help but to think about Malachi 3:8 - 10. The instructions to Finances were written a long time ago; and I do realize this is a HOT subject to place in print but I believe this with all my Heart, Mind, and Soul.If Financial Problems are to be overcomed, I ( maybe others) must accept that in relieving the condition itlies within all of us; to make a change today, not tomorrow.Every one of us must face reality and take responsibility for our condition. If we choose to deny responsibility and blame others for it, the prospect of Financial release is only a DREAM.No, I am not a Certified Financial Planner but I would like to share some very vital lessons that was shared with me; and I myself am learning from them. I was not given the opportunity in High School to take a course in Financial Planning, so I (maybe others) can understand why when I (maybe others) entered the work force without a plan.Are you keeping track of where your money goes from...
Take Responsible For Our Condition
Financial planning > Take Responsible For Our Condition
National (18 year-old) estate planning firm offers a 21st century approach to multi-disciplinary networking.
(ContentDesk) January 2 2004--Financial professionals, like everyone else, are being impacted by a 21st century information blitz. Mainstream Americans have become more informed and thus aware of their family's particulary estate planning needs. Clients now carry that attitude with them as they go into meetings to discuss investment-suitability or insurance needs. For the financial/agent advisor, that presents an opportunity. Clients are looking for a "platform" to help put it all together for them, to package granular products and services into a singular plan - a "one-stop-shop", so to speak, to help them with their planning concerns and objectives.
Integrated Trust Systems has galvanized their 18 years of professional experience in the national estate planning industry to develop a high-tech "virtual office" networking system that brings the advisor and attorney together - online - to help meet the clients' estate planning needs with speed, efficiency, accuracy, and cost effectiveness.....
National (18 year-old) estate planning firm offers a 21st century approach to multi-disciplinary networking.
Financial planning > National (18 year-old) estate planning firm offers a 21st century approach to multi-disciplinary networking.
Financial planning
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