The Worst Enemy of Your Retirement (and How to Combat It)

There are lots of risks in retirement.  Some you can’t control, like rate of returns and inflation.  However, these risks aren’t the worst enemies of your retirement.

You know what is?

You!

That’s right. You are your own potential worst enemy of your own retirement. Before you hit that back button and get back to reading the news thinking there’s no way you would sabotage your own retirement, let us explain in a quick minute.

Tags: 

About The Author

Ray LeVitre's picture

Esteemed personal finance pro Ray LeVitre, CFP is author of “20 Retirement Decisions You Need to Make Right Now” and Founder/Managing Partner at Net Worth Advisory Group. This 19+ year industry veteran helps individuals make key financial decisions during that critical yet oft underestimated period transitioning from the workforce into retirement—many of which are irrevocable and profoundly affect one’s financial security and lifestyle for decades beyond. He may be reached online at www.NetWorthAdvice.com.

How to Avoid the 4 Most Painful Retirement Mistakes

The rules and expectations of your retirement have changed. You are now contending with increased living costs, living a longer life, and likely relying on your own savings and assets to cover your bottom line. There are fewer “safety nets” for you as a retiree as there were a generation ago and you need a longer financial runway to protect yourself should you make it to the big 100!

Tags: 

About The Author

Ray LeVitre's picture

Esteemed personal finance pro Ray LeVitre, CFP is author of “20 Retirement Decisions You Need to Make Right Now” and Founder/Managing Partner at Net Worth Advisory Group. This 19+ year industry veteran helps individuals make key financial decisions during that critical yet oft underestimated period transitioning from the workforce into retirement—many of which are irrevocable and profoundly affect one’s financial security and lifestyle for decades beyond. He may be reached online at www.NetWorthAdvice.com.

The Retirement Advice Warren Buffett Would Give You

Planning

Tags: 

About The Author

Ray LeVitre's picture

Esteemed personal finance pro Ray LeVitre, CFP is author of “20 Retirement Decisions You Need to Make Right Now” and Founder/Managing Partner at Net Worth Advisory Group. This 19+ year industry veteran helps individuals make key financial decisions during that critical yet oft underestimated period transitioning from the workforce into retirement—many of which are irrevocable and profoundly affect one’s financial security and lifestyle for decades beyond. He may be reached online at www.NetWorthAdvice.com.

How to Avoid Required Minimum Distributions with a Charitable IRA Rollover

Rollover Beethoven

Tags: 

About The Author

Ray LeVitre's picture

Esteemed personal finance pro Ray LeVitre, CFP is author of “20 Retirement Decisions You Need to Make Right Now” and Founder/Managing Partner at Net Worth Advisory Group. This 19+ year industry veteran helps individuals make key financial decisions during that critical yet oft underestimated period transitioning from the workforce into retirement—many of which are irrevocable and profoundly affect one’s financial security and lifestyle for decades beyond. He may be reached online at www.NetWorthAdvice.com.

Less is More: Spending Less vs. Earning More

Background:

Tags: 

About The Author

James Flannel Guy ROI's picture

Portland, Oregon-based Flannel Guy ROI is a working dude and family man that likes flannel shirts and wants to achieve financial independence a little sooner than most, particularly by making smart spending decisions and living intentionally. 

His overall idea is to look at spending decisions as investments: what decisions will return the most value to you over time? 

Each scenario is evaluated over a 10-year horizon with the following summary statistics:

Present value – what is the total value of your investment and expected returns in today’s dollars?
Return on investment (ROI) – how much of your original investment will you make back?
Payback period – how long will it take you to recoup your original investment?

Learn more at www.flannelguyroi.com

Subscribe to RSS - retirement planning
An upset businessman overwhelmed by financial concerns.
03/12/2018
There are lots of risks in retirement.  Some you can’t control, like rate of returns and inflation.  However, these risks aren’t the worst enemies of your retirement. You know what is... read more
Man holding woman in his arms as she laughs and tosses leaves in the air
02/23/2018
The rules and expectations of your retirement have changed. You are now contending with increased living costs, living a longer life, and likely relying on your own savings and assets to cover your... read more
Colorful stock market readout digital display
01/18/2018
Planning Caught in an extraordinary convergence of unhinged stock market volatility and historically low interest rates on savings, some are rethinking their retirement plans. A study... read more
Purple piggy bank looking at calculator that says RETIREMENT
12/12/2017
Rollover Beethoven Individuals who amass sizable Individual Retirement Account (IRA) balances face the possibility of incurring significant tax penalties should you fail to begin withdrawing a... read more
piggy bank on pile of cash
08/02/2015
Background: A good friend of mine loves to admonish people that “less is always more,” which is sort of funny coming from a guy who lives very large.  I mean, this is a guy that used to smoke... read more
An upset businessman overwhelmed by financial concerns.
03/12/2018
There are lots of risks in retirement.  Some you can’t control, like rate of returns and inflation.  However, these risks aren’t the worst enemies of your retirement. You know what is... read more
Man holding woman in his arms as she laughs and tosses leaves in the air
02/23/2018
The rules and expectations of your retirement have changed. You are now contending with increased living costs, living a longer life, and likely relying on your own savings and assets to cover your... read more
Colorful stock market readout digital display
01/18/2018
Planning Caught in an extraordinary convergence of unhinged stock market volatility and historically low interest rates on savings, some are rethinking their retirement plans. A study... read more
Purple piggy bank looking at calculator that says RETIREMENT
12/12/2017
Rollover Beethoven Individuals who amass sizable Individual Retirement Account (IRA) balances face the possibility of incurring significant tax penalties should you fail to begin withdrawing a... read more
piggy bank on pile of cash
08/02/2015
Background: A good friend of mine loves to admonish people that “less is always more,” which is sort of funny coming from a guy who lives very large.  I mean, this is a guy that used to smoke... read more