A full, happy, comfortable retirement is where so many WCIers have been aiming since they began working. The main questions: what’s the best way to get there, and once you arrive, how do you begin to live and fund your new life?
I recently had the opportunity to give a brief presentation to my partnership. Don't worry, I didn't charge them. One statement I made seems to have stuck with more people than any other. I had said s...
By Dr. Jim Dahle, WCI Founder This deals with the high earner who finds himself just a few years away from retirement with not nearly enough money to have the retirement he would like. This could be f...
In 2007, I wrote an article for Dental Economics titled “Retire by 50.” It described a small and quiet group of dentists who amass wealth early and then fall off the radar before the rest of us notic...
When investing in retirement you'll need to pay more attention to the sequence of returns, safe withdrawal rates, and especially, inflation.
The decumulation stage is far more complicated than the accumulation stage, but utilizing tax diversification wisely can add real value for you and your heirs.
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Insurance agents sell policies by scaring you about future tax rates and advocating you invest in insurance to get to a 0% tax bracket in retirement. Beware!
When we talk about retirement plans, specifically the 401(k) plans, we always have in mind participant-directed plans in which all plan participants get their own personal account and are responsible...
Nearly every educated financial advisor agrees that tax diversification is a great idea when planning for your distributions in retirement. Tax diversification means having some of your assets in tax...
Profit-Sharing Plan too expensive? Try the Mega Backdoor Roth IRA as a small business retirement plan.
[Update: November 2015- Congress made changes in SS law that basically eliminates the File and Suspend and Restricted Application strategies for anyone now under 62. More details can be found here.] "...
From time to time the big mutual fund/brokerage houses come out with a study using the data they obtain from their 401(k), IRA, and/or brokerage data. The conclusion of the study, unsurprisingly, is u...
Your retirement date is critical to ensuring a comfortable retirement. Consider these factors and choose your date wisely if it's under your control.
An individual retirement ANNUITY is the ideal way to hold a SPIA purchased with tax-deferred money. You avoid a big tax bill and complex calculations.
There are nearly 20 companies offering individual or Solo 401(k)s. There are great options at Vanguard, Fidelity, Schwab, and TD Ameritrade. Find out which Solo 401(k) provider is best for you.
The goal of investing isn't to beat your neighbor or the S&P 500. It's to reach your goals. You'll need to defeat inflation, taxes, and expenses to do so.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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