Regular readers know that Mr. ToughMoneyLove is a baby boomer and that I write a lot about retirement planning at my Go To Retirement blog. That blog has garnered some substantial publicity lately, having been mentioned in both the New York Times and the October issue of Money Magazine.
Readers may also recall that I have been studying the work of Zvi Bodie, a professor of finance at Boston University. I first mentioned Prof. Bodie in my post on How Long Can this Bear Market Last and later read his book on Worry Free Investing. I’ve used Prof. Bodie’s ideas in our retirement income plan and now I’ve developed a system to help others do the same. Read more
If you are one of the dwindling number of employees who have vested rights in a private sector pension plan (also known as a defined benefit plan), you should make it a habit to periodically check the financial health of the plan. Why should you do this? Because many prospective retirees are counting on receiving all of the pension benefits that they have been promised by their employers. Read more