My new book "How to Craft a Resilient Retirement Income Plan" is now available on Amazon. https://t.co/KcSdFA0zk3 The goal is to help as many potential readers as possible so price is only $8. #retirement#retirementincome#SocialSecurity
AI tools are changing retirement planning. But before you rely on prompts & spreadsheets alone, it can be worth checking in with an experienced CFP®. My new once-and-done planning service is built for DIY retirees who want a second set of expert eyes—without an AUM relationship.
Pleased to share I've written a new resource on the Social Security Fairness Act which explores how these changes may impact retirement plans & how to think about them. https://t.co/5kgGJG1yJJ #Socialsecurityfairnessact#SocialSecurity
While concerns about AI are justified, the technology also offers tremendous opportunities. One area where AI can make a difference is addressing the challenge of financial literacy. @emollick@FinkeonFinance@davidmblanchett@OS_Mitchell@Dr_AnnaLusardi https://t.co/NLiaRCJNEj
I am excited to announce the launch of FinLit Solutions, LLC, along with our new Custom GPT, FiKA: The Financial Knowledge Assistant in the GPT Store. Ushering in a new era of "education-only" planning powered by AI. @bogleheads@RetirementRsrch@AARP https://t.co/65hDdTT09u
Many pre-retirees likely don't realize that they may be able to reduce taxes in retirement by delaying Social Security claiming. But why? https://t.co/tF2Is0ouYW
With the Biden Administration's announcement yesterday re the Retirement Security Rule, now may be a good time to take a closer look at the long-term impact of fees on retiree goals to ensure alignment with fiduciary standards.
I'm pleased to announce that The Journal of Retirement has published my latest research, titled "Quantifying the Long-Term Impact of Asset Under Management Fees on Retiree Income and Inheritances." https://t.co/jFd2v1x4Po @just_economics
Using popular financial planning software and a "safe withdrawal rate" methodology, I've found that - holding all else constant - a 1% asset under management (AUM) fee reduces average retirement income by 15.38% and inheritances by 23.4%.
With Open Enrollment season here, now might be the time to bone up on all the different ways you can get more out of your HSA in 2024 (and 2023!). An $8 investment I think you’ll find worthwhile if you have access to an HSA Account https://t.co/fPD2WzXfZW #Amazon via @Amazon
Big shoutout to https://t.co/H1sj4UfB6Q for the amazing job the app did in editing my draft. It's a gamechanger for writers and I am an early beneficiary.
Excited to share my new book, "Innovative Techniques for Maximizing Roth and Health Savings Accounts," now on Amazon ($8). With taxes set to rise for most in just 28 mo., it's time to master these tax-efficient vehicles. Lots of ideas on how to fund. #HSA#HSAs#RothIRA
There’s no way to sugarcoat it. As the pause on student loan repayment ends, it’s going to get ugly. If interested, please read my latest blog post, “Navigating the Impending Storm of Post-Forbearance Financial Strain”. https://t.co/UIJ2HlEJRV
@RetirementQuant Moshe -Took a bit but here's the math I came up with. Bottom line = Charitable Gift Annuity strategy had a 47% better outcome vs "traditional approach" (tax-deductible contribution + purchase a SPIA w IRA $$s). More details>this blog post https://t.co/rZsqtyxaTb @ashleaebeling
@stewfortier I've been in the business world for 38 years & this is the most groundbreaking business app I have ever seen. If you write anything that is being read by clients, prospects or your senior management, look at subscribing to TypeAI. Been using it for a mo. Blown away. $20 per month
Since you are unlikely to beat the market, is it wise to pay an adviser 1% or more annually to try? Many would likely benefit from paying for advice only when they need it. Hence, "fee drag" is minimized. @jeffsommer
Some active stock pickers will beat the market averages this year, but @jeffsommer thinks it’s virtually certain that the vast majority won’t manage to do it over the next 20 years. https://t.co/dF4E1S2aJs
@biggsag @IlliniBizDean @thehill@LevyEcon My 2 cents. AI tools being launched are going to forever change businesses & jobs. Entrepreneurism will increase & Megacorps won't need as many workers. Combine that with desire for remote work & availability of health insurance coverage & the projections might need rethinking.
I've been testing a few beta versions of emerging AI business tools and the productivity enhancements are staggering. We are likely to see a wave of entrepreneurism like never before as individuals will be able to do so much more on their own...at a very low cost. @edsim