Four Strategies to Manage Portfolio Drawdowns During Retirement

Financial Independence

Although much has been written about saving and investing for retirement (i.e., accumulation), there is comparatively little written about portfolio management in retirement (i.e., decumulation mode, aka after becoming financially independent). Different considerations, however, come into play when you start to live off of your FIDough. In particular, when you are saving and investing (i.e., … Read more

What goes into “expenses” when planning for retirement – Determining Your Financial Independence Income Number

Understanding your likely expenses in retirement is critical to planning for retirement/financial independence.  If, however, you have ever been baffled by what “expenses” to include when using a retirement calculator, join the club.  True enough, as explained in my article on how to develop your own plan for financial freedom-your plan to Catch FIDough-you must … Read more

What to do with Your 401k When Leaving a Job?

401K rollover

So you’ve been working on building your 401K, and taking advantage of that nice juicy employer match.  But alas, a better opportunity came along so you changed jobs.  So what should you do with your old 401k? What Should You Do With Your Old 401k? If your new employer also has a 401K, you have … Read more

Do I Need a Credit Report “Fixer”?

credit repair

Multiple organizations advertise their capability to “fix” errors on your credit report.  A quick internet search results in hundreds of options to assist you, for a fee.  However, the bottom line is: save your money, and use it to pay your bills.  There is nothing these individuals or companies can do for you that you can’t do yourself for free.

Read more

How to Make Your Money Last: The Indispensable Money Guide – Book Review

How to make your money last

Jane Bryant Quinn’s How to Make Your Money Last: The Indispensable Retirement Guide is one of the absolute best resources to help you bridge the gap between working and retirement/financial independence.  In this review, I go over the highlights of How to Make Your Money Last, and review what you can and cannot expect this … Read more

Develop Your Plan for Financial Independence and Financial Freedom – your plan to Catch FIDough!

Budget

Financial independence, early retirement, or retirement at any age may seem like impossible goals.  But like other goals, the best way to ensure you are on the right track is to put together a plan, and then periodically check your progress and correct course as needed. In what follows, I lay out the basics of … Read more

The Best Personal Finance Blogs 2016 – Plutus Awards

The best personal finance blogs of 2016 were announced at the Seventh Annual Annual Plutus Awards at #FinCon16.  Since 2009, the Plutus Awards have focused on the best independent financial publishers (primarily blogs).  I had the pleasure of attending this year’s action packed ceremony, and it was great to see so many of FIDough’s Favorites nominated and win.

There were also many other winners that I will have to check out to see whether they meet the FIDough Favorite criteria and otherwise make the cut.  So, without further ado, here are the results.

Read more

Retirement spending – How much may you safely spend in retirement?

Retirement spending

One might think that they are no tricks to retirement spending or spending your financial independence dough (aka your FIDough).  Surely you can just kick back, enjoy your early retirement or financial freedom, and not give one lick about how to spend your nest egg, right?  Nope.  Without some planning, you will almost certainly hit … Read more

Money for the Rest of Us – Podcast Review

MFTROScover170x170

The Podcast

The tag line to J.D. Stein’s podcast Money for the Rest of Us is “A  top ranked personal finance show on money, how it works, how to invest it and how to live without worrying about it.”  That tagline  describes the show perfectly.

The show focuses on helping individual investors from the perspective of someone who was in the financial industry and knows what he is talking about.  Before “retiring” (i.e., catching FIDough) at age 46 , J.D. advised and managed assets for large institutions and financial planners – big players with big money.

Read more