Financial Planning with AAII
Master the guidelines for long-term successful portfolio management.
Our annual tax and financial planning guide is designed to help you assess your current tax situation and plan for any changes that may improve your tax liability both this year and next.
Financial Planning Know-How
Retirement planning requires a clear-eyed analysis of future needs and income. Yet many individuals view retirement through rose-colored glasses.
Here are some of the most common myths and how you can bring reality into focus.
Myth #1: You will not need as much money during retirement as you do now.
The general rule of thumb says that you will need approximately 70% of your pre-retirement income in order to maintain a lifestyle similar to that which you currently have. This may be true if you live your current lifestyle. However, when you retire, you will have more free time for travel, leisure activities, hobbies, and other things you might like to do during your retirement years.
Having suffered severe losses in their retirement nest eggs last year, many retirees living off of their savings are reviewing their investment and spending plans, searching for new plans of action to ensure their savings can sustain them throughout their lifetime.
There is no question that bear markets can be devastating—particularly for new retirees—if action is not taken to compensate for the loss. The sooner you adjust, the...
Financial Planning Articles
- Clueless: What Graduates Need to Know About Making Financial Decisions
- Retirement Income: Repairing the Damage to Assure the Flow
- Does Social Investing Generate Higher Returns?
- Optimizing Your Retirement Income: What Works Best and Why
- Due Diligence: 10 Steps to Avoiding Ponzi Schemes and Financial Fraud
- The Role of Diversification in an Individual Stock Portfolio
- Financial Professional Terms: What They Mean and Why You Should Care
- Stocks for the Long Term: Why Prospects Are Rosy
- The Portfolio Review: Why It Is Important and How to Do It
- New Rules for Converting to a Roth IRA