I've decided to start putting my money where my mouth is. This week there have been a couple of really nice days and I really wanted to go for a bike ride. My excuse? I have not been able to because of the fact that the bike I have is old and not really useable. Although this is an excuse, I have not been able to stop myself from looking at new bikes at the local sporting goods store. They generally range around 150 dollars. So, it would be nice to get one, but I've resigned myself to the fact that I will have to save money for one. I am going to 'delay' my gratification, at least a little while. Now just to figure out how much money I can save....
This morning I've watched an interesting video on Consuelo Mack: WealthTrack. Here, Consuelo's guest, a longtime contributor, Christine Benz, a personal finance expert from Morningstar joined Consuelo for a discussion on issues related to retirement, in particular in the current market environments. This conversation is even more interesting against the backdrop of The Great Resignation. I found Christine's advice to be particularly interesting on a couple of fronts. Her advice in dealing with talking about retirement in general, in particular for people who are in the process of thinking about retiring early gave me pause. She is considering the traditional advice of a 4 percent withdrawal rate to be dangerous and indeed, actually concerning. According to the recent research she cites, a 3% withdrawal rate is a better option. Even more than the four percent rule, I think that her comments on annuities are particularly interesting. While annuities have been given a bad nam
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