One final comment on Moshe Milevsky's and Alexandra Macqueen's book Pensionize Your Nest Egg is that it is not for everyone. The use of "should lean" is important:
The authors clearly state on page 121: "...those who have no concern for leaving a financial legacy should lean towards pensionization, while those who have a very strong preference for creating a financial legacy and little fear of outliving their assets should not pensionize their nest egg..."
Social security is an annuity and should be considered when evaluating how much, if any, of your investments may be considered for an annuity (and there are plenty of riders and varieties of annuities as well and you can read about those elsewhere on this site).
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.