Steve Vernon is a Research Fellow at California Lutheran University’s “California Institute of Finance”. This article originally appeared in the January 24th edition of Mr. Vernon’s Retirement blog on CBS MoneyWatch. It reappears here with Mr. Vernon’s permission. How much retirement income can you generate from your 401(k), IRA and …
Steve Vernon connects a discussion about the ‘needed’ amount of retirement income to Maslow’s “hierarchy of needs.” He points out that it is necessary to have enough income to fulfill the lower level of Maslow’s needs such as food, shelter, and health. Vernon does a good job of initiating discussion …
In this article, Steve Vernon gives us a big picture overview if the pros and cons of three different options for generating retirement income. The three options that he charts out are 1) Investing your principal and spending only interest and dividends, 2) Managed payouts of your principal – i.e. …
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