This article looks at wealth drawdowns for American retirees. We examine net worth data for heads of households with age ranges 65-69, 70-74, 75-79, 80-84, and 85+. Seeing the average net worths of different retiree age groups gives you an idea for fund drawdown. Ideally, it also suggests a path for your own wealth drawdowns. […]
To see 2016 data, click here. In this article, a continuation of our American Net Worth series, we explore the net worth it took to be in the 10%, 25%, 50%, 75%, 90%, and 99% (the ‘one percent’) bracket in 2013 for American Households headed by 18-24 year olds, 25-29 year olds, 30-34 year olds, […]
Editor: we updated this data for 2016 SCF data. Continuing our little series on American Net Worth secrets revealed by the Federal Reserve’s 2013 Survey of Consumer Finances, I figured we’d zoom into a little segment of the population where more than a few politicians have made their careers: retirees. Okay, that’s a big segment. […]
We have written about your ideal savings rate. Today, we follow through on what we promised to you – a fully editable ideal savings rate calculator which allows you to put the lessons you learned in our first post into action! The most important inputs to early retirement are your savings rate, and how much […]
When it comes to setting your Retirement or Financial Independence date, the most important variable in your control is your savings rate. Which is fitting, because people often land here after asking “what is the best savings rate?”. Let’s work through the variables and try to come to an understanding of the ideal savings rate. […]
The Treasury Return Calculator below uses long run 10-year Treasury Data from Robert Shiller to compute returns based on reinvesting the coupon payments. You can see the total returns for the 10 Year Treasury for any arbitrary period from 1871 until today. (If you are looking for a similar calculator for the S&P 500 with […]
A flat tax code has many detractors, but flatter taxes mean huge gains in efficiency for innovation… and the subsequent benefits for jobs. “Cut rates and eliminate deductions”, as a bumper sticker (ahem, Twitter) length quote, started to reenter the public consciousness again during the recent Presidential election. The phrase came to be associated with […]
Both my co-writer Cameron and I have recently penned screeds on a worrisome trend we’ve seen in Personal Finance blogs – the hyperbolic obsession with “Debt Zero”. “Debt Zero” is, of course, the idea that above all else Debt Must Be Paid Down.
The first clue that something is wrong with that story is the inclusion of the word “must”. There are very few absolutes in life – the snarky amongst you will acknowledge death and taxes – and in this situation is no different. You see, it’s naive to assume that things come for free. Every single thing you do is a trade off.
Hey DQYDJ readers, remember that whole real estate bubble popping thing which started a few years ago? Now, there is plenty of blame for that little incident to go around, but one of the largest issues with the bubble and the ensuing collapse was the use of improper valuation techniques in securities related to real […]
Calculate the total return on the S&P 500 between two dates including reinvested dividends and inflation.