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The Independent Investor: How Much Is Too Much to Spend in Retirement?
By Bill Schmick,
02:53PM / Thursday, July 17, 2014
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More and more baby boomers retire each year. One of the questions that trouble them the most is whether they have enough savings to last their lifetime. The answer largely depends on how much they plan to spend each year.

The historical guideline that most financial planners use is a 4 percent drawdown of your retirement savings after taking account of social security and other non-portfolio sources of income, such as rentals or part-time work. That number has been shown to provide most retirees with a comfortable living over the course of a 30-year retirement.

However, I advise my clients to use the 4 percent rule of thumb as a starting place and adjust along the way. Times

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The Independent Investor: The Fed Turns Off the Spigot
By Bill Schmick,
06:15PM / Thursday, July 10, 2014
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The Federal Reserve Bank announced an end to their latest quantitative stimulus program on Wednesday. The markets worldwide sold off on Thursday. Was it just a coincidence?   It was not as if their announcement was unexpected. The Fed has been winding down its $85 billion a month purchases of bonds and mortgage-backed securities since the beginning of the year. Each month they have pared back $10 billion/month incremental purchases.   June's policy meeting confirmed that the last purchases would end in October. Some investors were relieved, while others were concerned. Many believe that the longer the Fed's program continues the less impact it will

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The Independent Investor: Should You Pay Off Mortgage Before Retiring?
By Bill Schmick,
03:21PM / Thursday, June 26, 2014
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Many retirees, concerned with no longer having a steady paycheck, have asked me for advice on whether to pay off their mortgage early. There is no definitive answer but here are some variables to consider when making a decision.

Your monthly mortgage payment in retirement may represent a significant portion of your monthly income. If you only have social security as an income stream, then chances are that a mortgage payment will significantly reduce the amount you will need to meet your monthly expenses. If so, then pay off the mortgage. However, be careful you don't significantly reduce the amount of money you have available for emergencies, general expenses and discretionary

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The Independent Investor: Unhappily Ever After
By Bill Schmick,
02:44PM / Friday, June 13, 2014
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Over the next decade roughly 75 million Americans will retire. While most of us are well-aware of the need to plan, save and invest for that momentous moment, very few of us are actually prepared for the non-financial challenges of retirement itself.

Recently, as a result of one local company’s early retirement incentive plan, as well as the bankruptcy of a local hospital, I have had some firsthand experience in dealing with the expectations of retiring clients in this area. What I have found is that the majority of men are ill-prepared for retirement, more so than women. At the same time, their spouses are extremely worried — with good reason.

Studies show that men

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The Independent Investor: A Road to the Future
By Bill Schmick,
04:02PM / Thursday, June 05, 2014
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There is a growing national buzz among scientists and engineers over a driveway in Idaho. This green-hued stretch of hexagonal tiles of hardened glass in an Idaho suburb represents one prototype idea for revolutionizing the nation's highways. It could be a road to the future.

The concept of Scott Brusaw, a down-to-earth, electrical engineer who lives in a rural Idaho community, is to convert America's broken-down highway system into a nationwide network of solar panel highways. In doing so, this solar highway would generate three times the energy used in the U.S. each year while reducing greenhouse gas emissions by 75 percent.

These new roadways would consist of three

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