Retirement Insights

Review: Retirement planning is more than just saving money

By McLean Asset Management

All too often, when people think about retirement planning, they’re really thinking about investing. While investing is (often) a really important part of retirement planning, it’s only a piece of the puzzle. Retirement planning covers pretty much everything – it’s figuring out what you want to accomplish in retirement, and how you’re going to pay…

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Review: Aurinia’s stock plunges after big share offering at deep discount

By McLean Asset Management

It’s really easy to forget the underlying purpose of the stock market. Everyone always looks at it essentially as a horse race or a measure of how well a company is doing. But the reason the stock market exists is for companies to raise money. That’s the whole point of issuing (in other words, selling)…

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How To Buy Individual Bonds

By McLean Asset Management

Bonds can be purchased on both primary (when bonds are first issued) and secondary (subsequent trading) markets. There are wholesale markets for large institutions (with trades of at least $1 million) and retail markets for individual households. TreasuryDirect.gov is available for purchases of traditional U.S. Treasuries, TIPS, and I bonds, in taxable accounts, without any…

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Taxonomy Of Retirement Income Bond Ladders

By McLean Asset Management

When it comes to retirement income bond ladders, Joe Tomlinson created a taxonomy of different types in his 2014 Advisor Perspectives column, “Why the Risk Reduction Benefits of Bond Ladders Have Been Overstated.” His list inspired me to create a more extended version in Exhibit 1. Click here to download Wade’s fact sheet, “What Is…

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Understanding the Funded Ratio

By McLean Asset Management

Everyone wants to know where they stand with their finances – Will I be able to have the retirement I want? Do I have enough? Roughly how far do I have to go? Am I overfunded (believe me, it happens)? A funded ratio is a great tool for taking stock of your financial picture as…

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Review: What millennials wish their aging parents would tell them

By McLean Asset Management

No one likes talking about what will happen as they get older. It’s just not really a fun topic. But it’s an important one. Fidelity recently released a study that shows a massive disconnect between what parents and their children expect as their parents age. As the author says, your children are happy to help,…

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Review: Some People Have a Crazy Idea of What They Can Afford in Retirement

By McLean Asset Management

Figuring out how much you can safely spend from your investment portfolio in retirement is hard. It’s incredibly easy to make a bad decision, the consequences are severe, and you won’t even realize you’ve made a mistake until it’s too late to do anything. While there’s some debate about what a “true” safe withdrawal rate…

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The Essentials Of Bond Laddering For Retirement

By McLean Asset Management

Those seeking a do-it-yourself approach to duration matching with bond funds may underestimate the difficulty of the task. Duration-matching is not straightforward when shares of the bond fund must be sold to meet ongoing retirement expenses. If rates have risen, shares of the bond fund may need to be sold at a loss, with more…

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Guarding Retirees From Interest Rate Risk With The Help Of CoRI

By McLean Asset Management

Last time, we discussed how DFA’s target-date retirement income funds can help guard retirees from interest rate risk. Today, I want to look at another example of a bond fund used as a safeguard against interest rate risk: BlackRock’s series of CoRI Retirement Indices. The CoRI Retirement Indices are gauged to help retirees understand the cost of…

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