RETIREES OFTEN FOLLOW what is known as the 4% rule.Established in 1994 by financial advisor William Bengen, the rule stipulates that you should be able to withdraw 4% of your retirement savings each year without running out of money during your lifetime.But if you are a long-term investor who has maintained a diversified portfolio throughout your accumulation years, you might instead consider increasing your withdrawals to 5% each year.

Like most cops, retirement was the furthest thing from my mind when I was hired. All I could think about was graduating from the academy, successfully completing field training and getting started with my law enforcement adventure. I wish someone would have said, “Hey kid, you need to start planning for retirement,” so that’s what I’m going to say to all of you. Rookies, veterans and everyone in-between must plan for the day they [...]

LEO Round Table host Chip DeBlock asks his guests to share some of the best practices law enforcement agencies should have in place to support officers during the transition into retirement.

I’ve had an eye-opening week dealing with people’s misconceptions about retirement planning. In three situations I heard a potentially useful retirement technique attacked or dismissed. First, a reporter wanted to talk to me because she had heard so many bad things about annuities. Next, when discussing a friend’s concerns with his elderly mother’s finances, I asked if he had considered a reverse mortgage. He gave me the raised-eyebrow look and [...]

Floating out there somewhere in the vast Sargasso Sea of unexamined opinion is an idealized conception of retirement — that most Americans plan on retiring; that there will be enough money for retirement when the time comes and that it will be a fulfilling and happy time of life.No short article can hope to treat the full complexity of the subject — more about that below — but some of [...]

Paul addresses the huge decisions facing investors in the final push to meet their retirement goals, about 10 years before retirement. Cautioning against the tendency to jump from one strategy to another or be swayed by Wall Street, Paul presents 12 points for creating a solid long-term investment strategy before you retire. This evergreen recording is from the 2012 special, “Financial Fitness After 50” produced as a premium package for contributors to [...]