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Better Information on IRRs Needed

2016-03-21T11:40:44+00:00

A couple of people shared the new Government Accountability Office (GAO) Retirement Security report with me earlier this month on Income Replacement Rates (or Ratios), thinking I’d be interested, since we issued our white paper on IRRs last year. The GAO report makes interesting reading, as much for what it says, as what it does [...]

First Snow

2016-02-08T12:21:29+00:00

The Boston area had been experiencing an especially mild winter until last Friday’s storm, which dropped around 7 inches of very heavy snow on the North Shore. We ended up losing the only tree in our front yard and another adjacent to the driveway. It’s heartbreaking to think that I planted those trees, while in [...]

Will Running or Walking Make You Live Longer? (Which Will Cost You More?)

2016-02-03T11:18:41+00:00

I recently asked an orthopedist: “What is better for your health, walking or running?” Without any hesitation, he smiled and said, “Running. It’s putting my kids through college.” My wife, Marea, runs three to five miles most days, while I briskly walk 3.5 miles around the neighborhood in slightly less than an hour.  So, “medically [...]

Retirement Health Care Costs and Income Replacement Ratios Summary

2015-11-17T17:00:12+00:00

Last week, we published a white paper that focuses on income replacement ratios (IRRs), health care inflation rates, and strategies to bridge the savings gap caused by unplanned retirement health care costs. Today, I will highlight some of the paper’s major points. First, readers must understand that financial advisors use IRRs – a percentage of [...]