Everyone is using the 4% rule wrong

Most people who are saving for retirement are familiar with the 4% rule. According to this rule, proposed by William P. Bengen in 1994, and later confirmed by Trinity University in 1998, you can withdraw 4% of your retirement assets the first year of retirement and then increase your withdrawal for inflation each year thereafter. … Read more

Fawcett’s Favorites 10-26-20

Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include why you should take social security at age 62, understanding why you can buy a house … Read more

Fawcett’s Favorites 8-24-20

Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include three reasons to take social security at age 62, making your money work for you, selling … Read more

Fawcett’s Favorites 11-11-19

Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include, why paying off debt can be a life saver if you lose your job, is an … Read more

Deciding When to Take Social Security

Aunt Etta And I in Greece. This is a controversial topic that I believe has no controversy for the high-income earner. Beginning to take your Social Security payments before your designated full-retirement age—for me that’s 67—will result in a lower monthly payment. Waiting until later, such as at age 70, will increase your monthly payments, … Read more