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Thrive Retirement Insights -- Week of 8/30/2021
Dynamic Withdrawal Rules -- A Significant Opportunity for Retirement Plan Optimization
The application of Dynamic Withdrawal Rules can do more for your retirement than all tax management strategies combined. Learn why you should consider employing this valuable retirement plan optimization strategy.
Stories You Need To Know
The SPIVA Scorecard is a robust, widely-referenced research piece conducted and published by S&P DJI that compares actively managed funds against their appropriate benchmarks on a semiannual basis.
An excellent commentary on a Financial Planning magazine article entitled, "With 212 possible designations, what exactly is a financial planner?" that highlights the industry's complexity and why consumers must be on guard.
A superb article that exposes the oldest trick in the book for advisors justifying their "1% of your portfolio" pricing model: Complexity.
Question From The Community
How can I fund a Roth IRA account if I am above the income threshold?
There is often much confusion on this.  There are indeed income limitations on making annual contributions to a Roth IRA, but there are no income limitations on converting some portion of a traditional IRA to a Roth IRA.  A Roth IRA conversion strategy must be carefully planned, as it entails recognizing the portions converted as income and taxed accordingly in the year converted.
Retirement Statistic of the Week
The average life expectancy of an individual that is 65 today is 83.1 years for a man and 85.6 years for a woman.  Couples have a 20% chance of one member living to 95 years old.  Average life expectancy continues to increase and is a mid-point, not and end-point.  You may need to plan on the probability of living much longer -- perhaps 30+ years in retirement.  (Source: J.P. Morgan Asset Management)
Till Next Week!
Anthony Watson, CFA, CFP®






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