Hitting ‘the number’ in retirement

Your portfolio balance, your budget and your lifespan are all critical inputs into your retirement plan

Jack TierneyTime to read: 3 min

I’m going to hit the number this year — the one that people often associate with retirement. To be clear, I am not retiring this year, but when retirement is closer than it used to be, there are a few more numbers that command your attention. There’s your portfolio balance: the investments, savings, and IRA/401(k) balances that you’ve been building up all these decades. There’s the amount of money you pull from your portfolio each year for your expenses. And then there’s the number of years you need your money to last.

Number 1 – Your portfolio

While you are working, you contribute to your IRA or 401(k), maybe with a company match; if the markets are flat or up,

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Why fiduciaries may want to consider fixed income

Investment clarity can help further the advisor-investor conversation

Jack TierneyThe US Marine Corps motto is “Semper Fidelis” or “Semper Fi” for short, meaning “always faithful.” Another related Latin word, “fidere,” means “to trust.” From this root also comes the word “fiduciary,” which refers to acting in a capacity of trust or confidence. While “faith” and “trust” are staples of love songs and wedding vows, “fiduciary” clearly denotes a financial relationship — and this summer, many of you may be embarking on new fiduciary relationships.

What is the fiduciary standard?

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What lessons can investors learn from surfers?

As markets ebb and flow, patience and the right tools can help you ride the waves

Jack TierneyFifty years ago, thanks to the lyrics and harmonies of a certain California surf rock band, I became entranced with the idea of catching waves, which to a Midwestern kid like me, sounded like the endless summer dream. To catch a wave, surfers paddle out to a certain point in the water and wait patiently for just the right moment to catch a ride. Some waves die out early, some are steady, and every now and then you catch a really great one that makes up for all the others. However, one thing is obvious — you have to be in the water to take advantage of the opportunities.

Catching the market’s waves

If you’ve ever seen a chart of a full market cycle, it looks very much like a wave

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