A retirement cash flow planning outline. A new tax increase may bring future planning opportunities. Mortgage rates are at their highest levels in decades; why are builders smiling?
An investing road map for retirees (Morningstar)
A nice outline of the various aspects of portfolio risk management and cash flow planning in retirement.
High-Earning Retirement Savers are losing some of their 401(k) tax break (Wall St. Journal)
While taxes will be going up for employees who fall into this category, it will force some of their savings into the Roth 401(k) option. In the long run, that may not necessarily be a bad thing. Having retirement savings in both pre-tax (traditional) and post-tax (Roth) buckets will give them more flexibility during retirement. Funds in Roth accounts can be used to manage their tax-bill and can be an important estate planning tool as well.
Homeowners don’t want to sell, so the market for brand-new homes Is booming (Wall St. Journal)
A year ago, if someone said mortgage rates would be 7% and then asked me how that would affect home builders, I would not have thought they would be making money hand over fist. However, existing homeowners, with their low mortgages, don’t want to sell. So new homes are the only game in town. Of course homebuilders would be doing well. Everything is obvious in hindsight.
Jokes of the proper kind, properly told, can do more to enlighten questions of politics, philosophy, and literature than any number of dull arguments.Isaac Asimov