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Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with retirement issues an individual faces.
If you were in an airplane and preparing to land, what would you prefer, a smooth glide down to the runway and gentle touchdown or a choppy one with a hard landing?
Maybe when I was a kid I might have enjoyed the latter, but as I am now older it is a no-brainer choice of the first one.
The same thing can be applied to the transition period from working to being retired.
FI Physician helps you make this landing as smooth as possible for you in, “Pre-Retirement Glidepath: De-Risking The Portfolio for Retirement.”
You have read all the financial blogs.
You are well versed on the Trinity Study and the 4% safe withdrawal rate.
Your nest egg has finally hit that magical number for retirement of 25x your annual expenses and are now ready to retire.
Not to pull the rug out from under you but before you burn every bridge you might want to make sure if this study (from 1998) still applies in 2021.
Financial Samurai does not think so and comes up with an incredibly depressing SWR for these economic times.
Check it out in, “The Proper Safe Withdrawal Rate: 4 Percent Rule Is Outdated.”
Ok, that last article was incredibly depressing.
You may never be able to retire if you followed that SWR suggestion.
But alas all is not lost.
You have worked all your life and deserve to enjoy your golden years as a retiree.
The Retirement Manifesto helps you do this in, “How To Retire In 5 Simple Steps.”
Just because you achieved a nest egg large enough (whatever that may be) to support your retirement does not mean you can just then shut down completely.
There a lot of issues that a retiree still has to navigate through to get the most out of retirement.
ESI Money encourages you to think of these things before you pull the plug in, “The Top 10 Factors To Consider Before Retiring.”
Reality often does not match up to expectations.
This principle sadly applies to retirement.
I love to envision myself on a beach sipping Mai Tais and watching the sunset and eating exotic food when I am retired.
It seems I have to lower my expectations quite a bit.
Finumus has only this to say about retirement in, “Early Retirement: Boring.”
Hope you enjoyed the reading material.
Have a great rest of the week.
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