William Reichenstein , CFA, holds the Pat and Thomas R. Powers Chair in Investment Management at Baylor University and is head of research at Social Security Solutions, Inc .
AAII Web Author .


Frank from CA posted over 7 years ago:

I find the article helpful. There are very few articles on financial planning in retirement.

Fred from IN posted over 7 years ago:

I found the article useful. It would be of additional use if the author would recommend additional articles or books that offer more detail on retirement financial planning.

Juanita from FL posted over 7 years ago:

Very helpful. Am considering a Charitable Gift Annuity. Seems to be a good fit for both long term income and avoiding tax rate increases. Major portion of income would be tax free for over 15 years. I am 70 now, have a partially inflation adjusted retirement income and sizable assets. Long term projections show the annuity would reduce estate remainder by small percentage, assuming newer high tax rates pass. Else will likely stay with TIPS for those funds.

Wayne from LA posted over 7 years ago:

Lot's of good info here. Will Have to bookmark for a reread.

Michael from CA posted over 6 years ago:

Interesting , But I suppose the author didn't think about ederly couples
Say a Man who is 84 and is Wife is 78
Getting income from their investments and both have social secutity benefits
Their investments total 1.25 million dollars
Any ideas ?

Larry from MN posted over 6 years ago:

I found it very helpful as I am looking at moving from a finacial advisor to doing it myself, mostly with index funds.

Marilynn from MD posted over 6 years ago:

Hi -- I'm fishing for ideas too. Am 67 and have a small IRA, which paid off at the get-go with a nice (tax) return: approx. $2k on a $6k contribution. But now it sits. Not impressed with the ETF performance chart, but looking for some reasonably safe ideas for div/growth w/in 5 years.

Edward from NY posted over 6 years ago:

I am definitely interested in guidelines for the use of Charitable Gift Annuities. They seem very attractive in providing a tax deduction to help offset the RMD from my IRA, partially taxable income, and a donation to relevant charities. I do not need to leave a legacy to heirs. But I do not want to put too much into the annuities since the contribution cannot be recovered. Also, the rates that the annuities pay may change from year to year. I am 68, with Social Security and sufficient assets for my current lifestyle.
Ed from New York

George from AL posted over 6 years ago:

Very good article. I am 79, manage the family retirement accounts and this is useful information. May be little heavy into stocks.

Robert B from CO posted over 5 years ago:

Good Article...supports my idea of one size does not fit all retirees which is what you usually see!

Jerome Paananen from FL posted over 5 years ago:

On the fixed income side I likr GNMA and Munis. To offset inflatiom I like TIPs and GLD and GLD can help with deflation.

LTom D from AZ posted over 4 years ago:

I believe everyone has a different set of circumstances. In my case (I'm 85 wife 80, both in good health)I have oil income to live off. I have an IRA, Roth IRA and a Trust of $750,000 that I will leave to my Children. Your recommendations of investment for the IRA's and investments for the trust to minimize tases'

ronad from california posted over 4 years ago:

What would the investment allocation be if you did not need to withdraw from your investments? You could live on pension and social security.
What does one do with RMD dollars in above situation?

Fiorenza from Florida posted over 3 years ago:

This is one of the most helpful articles I have read. I am 65 yrs.,
retired and recently divorced. I want to manage my own portfolio
and this article will enable me to do so. The wealth managers I consulted were not as helpful as this article and they want me to pay them $10,000- $18,000 a year on a 1 1/2 million portfolio.
Hats off to these authors,

Arthur from SC posted over 3 years ago:

I'M 68 and have handled my own investing since getting fleeced by a broker in the late 70's.

I'm 100% in stocks. Always have been and always will be. 85% are dividend payers.

You couldn't get me to own a bond or annuity even with someone else's money.

I got completely out of the market in 2006. I sat on my money until April 2009 when I started buying stocks again. Since that time my IRA has gone from around $600,000 to just over $1,230,000.

I own presently 22 different stocks. Since April 2009 I've sold 6 stocks and bought 5 more. Im currently sitting on about $140,000 in my cash account.

I never talk to a broker, financial advisor, banker, or anyone else that wants to tell me how to invest IF I pay them.

If you own bonds or over 15% of your assets in cash (bank CDs etc) you have missed a wonderful opportunity to buy dividends stocks or any stocks over the past 5-6 years.

Raymond Komray from FL posted about 1 year ago:

AS a healthy 70 yr old retiree, please state what would be an appropriate equity/bond mix in my IRA. This year is the first RMD. Thanks.

Don Huebschen from Illinois posted 5 months ago:

I'm 64 and will be retiring soon with a 401k asset of $1.2M and monthly Social Security of $2200. I need some advice regarding my pension options. I can either select a monthly payout of $3100 or a lump sum of $510,000. The lump sum is tempting because it gives me an opportunity to leave some assets to my son, since he will never have a pension. But I'm taking all the market risk. What do people on AAII feel is the best option?

Chris Crawford from MD posted 2 months ago:

My wife and I are 70 this year and began taking the RMDs from 2 IRAs. We also have retirement annuities from the Federal Gov, Social Security and another private defined benefit plan.

My challenge is not income, but how to continue managing our assets as we age, as my wife is not interested in managing the portfolio and my son has not developed skills to manage the funds he will inherit. I am interviewing 3rd party money managers now to consider turning over part of our estate to them to invest for the long term. All charge about 1% of the assets under management, which works out to be a large part of our portfolio over an expected 20 year retirement.

I'd like to see more ideas/articles from AII on dealing with "wealth managers", most of whom what to put funds into their favorite (and front-end loaded) mutual funds. They don't want to be stock pickers, as their job is to continue to sell their firm's investment services to more clients.

How and when does one make a decision to turn over portfolios to one of these wealth managers. I'm concerned that if I wait until age 80 or beyond, I may not have the ability to select a decent and cost effective money manager for the significant assets we may have at that time.

Some advice from this audience and the experts at AII would be most helpful in making a difficult decision!

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