Comments on: How to Predict the Future Part 1 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/ Investing and Personal Finance Thu, 18 Mar 2010 23:30:06 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Four Pillars › How to Predict the Future Part 2 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-774 Four Pillars › How to Predict the Future Part 2 Mon, 03 Sep 2007 03:01:56 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-774 [...] discussed yesterday, we laid out a retirement calculation for Bob, and concluded that he won’t have enough money [...] [...] discussed yesterday, we laid out a retirement calculation for Bob, and concluded that he won’t have enough money [...]

]]> By: FourPillars http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-333 FourPillars Sun, 22 Jul 2007 00:28:14 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-333 Deborah - the "4% rule" is just a guideline. I think you can get away with taking out more than 4% as long as you are flexible - ie in a bear market you should cut back a bit. Also - I haven't covered other factors such as CPP, OAS and income splitting. These make a big difference. Mike Deborah – the “4% rule” is just a guideline. I think you can get away with taking out more than 4% as long as you are flexible – ie in a bear market you should cut back a bit.

Also – I haven’t covered other factors such as CPP, OAS and income splitting. These make a big difference.

Mike

]]> By: Deborah http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-316 Deborah Sat, 14 Jul 2007 22:43:20 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-316 Hmmm, and I wanted $60k in today's dollars. Challenging to say the least... I've read the old theory of 7% per year and how it was downgraded to 4% after a few bad crashes. I think that I can do well with investments that I've set my calculation to a 6% withdrawal rate for retirement. Hmmm, and I wanted $60k in today’s dollars. Challenging to say the least…

I’ve read the old theory of 7% per year and how it was downgraded to 4% after a few bad crashes. I think that I can do well with investments that I’ve set my calculation to a 6% withdrawal rate for retirement.

]]> By: Income Trusts and More - July 13, 2007 - Million Dollar Journey http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-306 Income Trusts and More - July 13, 2007 - Million Dollar Journey Fri, 13 Jul 2007 11:15:55 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-306 [...] from Four Pillars has posted an article “How to Predict the Future” and has included a handy retirement spreadsheet at the bottom of the [...] [...] from Four Pillars has posted an article “How to Predict the Future” and has included a handy retirement spreadsheet at the bottom of the [...]

]]> By: FourPillars http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-297 FourPillars Thu, 12 Jul 2007 03:27:04 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-297 FJ - it was quite an epiphany when I discovered that trick. For the simple examples I've shown so far, it doesn't really matter which method you use, but once you add in other income streams and try to calculate income tax, it really simplifies things. Mike FJ – it was quite an epiphany when I discovered that trick. For the simple examples I’ve shown so far, it doesn’t really matter which method you use, but once you add in other income streams and try to calculate income tax, it really simplifies things.

Mike

]]> By: FinancialJungle.com http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-296 FinancialJungle.com Thu, 12 Jul 2007 01:20:40 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-296 It’s a great recommendation to knock inflation off your expected nominal return. It simplifies the math a great deal. It’s a great recommendation to knock inflation off your expected nominal return. It simplifies the math a great deal.

]]> By: FourPillars http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-292 FourPillars Wed, 11 Jul 2007 11:32:53 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-292 Brian, insurance can play a part in estate planning but it depends on the individual. My plan is not to leave much other than the family home so it's not worth it in my case. Mike Brian, insurance can play a part in estate planning but it depends on the individual. My plan is not to leave much other than the family home so it’s not worth it in my case.

Mike

]]> By: Brian Poncelet, CFP http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/comment-page-1/#comment-289 Brian Poncelet, CFP Wed, 11 Jul 2007 06:43:24 +0000 http://www.four-pillars.ca/2007/07/10/how-to-predict-the-future-part-1/#comment-289 As one reaches their goal of one or two million. Don't forget life insurance! Assuming capital gains will be with us for awhile, a large tax bill will be paid by the people left behind. For some this is not important. Generally, it is cheaper to get the insurance than it would be to pay the taxes! This is very important if one has a cottage or real estate in general. As one reaches their goal of one or two million. Don’t forget life insurance! Assuming capital gains will be with us for awhile, a large tax bill will be paid by the people left behind. For some this is not important.

Generally, it is cheaper to get the insurance than it would be to pay the taxes! This is very important if one has a cottage or real estate in general.

]]>