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Why a Decumulation Strategy Will Ease You into Retirement


Unless you are one of the fortunate few who can live off your wealth before retirement, you should begin thinking about the decumulation phase of life. 

During decumulation, you will need to create a carefully laid-out plan to preserve your assets for the remainder of your life. Many people also want to leave a significant sum to their heirs and do not want to spend down their net worth.

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Take Charge of YOUR Medical Records

No matter how, or to what degree you are are paying for medical care out-of-pocket, you are paying for medical care for self and family.  As such is important that each of us become fully aware of what is contained in our records, and to what extent those records are shared with other entities. Melinda Beck of the Wall Street Journal begins be stating "It's your health.  So it's time you took control of all of the information about it." It may be useful to see what she has to say about gaining access to your own records.  How to Take Charge of Your Medical Records

What to Ask Your Advisor

When the market is moving steadily in the right direction, investors tend to be relative calm and happy.  When the market is in a state or relative turmoil, investors are less likely to remain unconcerned.  It is likely that questions might arise in the minds of those investors.  Long-time Wall Street Journal analyst Karen Damato speaks to several of those questions in a short video on August 29 that many will find interesting.  It can be found at Five Things to Ask your Financial Advisor Today

Cost of Financial Oversight

Morgan Housel writes a bi-weekly piece for the Wall Street Journal on topics around personal finances, frequently focusing on advice provided to individual investors by various industry professionals.  A recent column focused on financial oversight and what costs an individual investor bears depending on the nature and location of his or her investment packages--it is worth a look.  Financial oversight: Do you know How Much You Are Paying?

Fracking and Wages

A bit off of the ordinary Anchor line.  Fracking and US Wages.  Hydraulic fracking, and the discovery of whole new fields of energy in the US has fundamentally changed the energy economics of the world.  In a like manner the continuing shift of manufacturing from one part of the world to another has changed wage patterns—and has changed wage patterns in the United States.  Fracking has lowered the cost of fossil fuel, and the cost of gasoline and has affected the economies of the Middle East and the world, changes in manufacturing patterns have changed wages in China, the world, and in the United States.  Pressures are mounting to change wage patterns, and to change the economic drivers in the economy.   Both subjects were treated on the same day in the Wall Street Journal.  Holman Jenkins, Jr  William Galston

Have a Student in College

Do you have a child or grandchild in college?  If so, are they on the four-year plan, based on a 15-hour course load.  There was a time when an 18-hour load was not unusual.   If the plan calls for more than four years, the cost of their education becomes much more expensive, as shown in a recent Washington Post article.  Colleges are trying

NEVER ask your barber if you need a haircut,

From The Economist. Advise from Warren Buffett: Never ask your barber if you need a haircut.  In this case Buttonwood looks at the financial advise provided to individuals by advisors who receive commissions and those who operate on a fee-only basis and there can be more impartial in their analysis.  Have a look.  Buttonwood's Notebook

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