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Mastering Money

Tune into one of the best retirement shows on the radio! Mastering Money is hosted by Certified Income Specialist™ and best selling author, Steve Jurich (pronounced Jur-itch). Steve is an experienced 20 year veteran of financial services and is licensed in securities, insurance, and real estate. He is a Certified Annuity Specialist® who reviews up to 2700 annuities on a regular basis. As a fiduciary, Steve’s clients enjoy access to the services of Fidelity Institutional, member FINRA, SIPC.
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Feb 12, 2016

Take a hypothetical investor named George who retired on Jan. 1, 2000, at age 65 with a $1 million all-stock portfolio, and spent $50,000 a year on his RLE, adjusted for inflation. Considering the S&P 500 lost 41.2% in nominal dollars (or 53.4% after inflation) between the day he retired and Feb. 28, 2009, George would have barely $100,000 left of his nest egg by the end of September 2014, with perhaps ten to twenty years to go for him and his wife. Steve and Sinclair review a Wall Street Journal article by former Neuro Surgeon turned financial analyst, William Bernstein. Bernstein developed a formula for calculating the amount of nest egg you need to retire, based on your Residual Living Expenses (RLE). Steve and Sinclair dig into it and more.