There is a slowing growing movement to offer annuities within 401k plans, mostly through target date funds. They purchase the annuity gradual starting around age 50 or so or in a lump sum.  401k Plan provisions determine other options. I think it’s a good and much needed option for the great majority of workers.
But my question is, how important to you is a regular income stream, at least to cover all basic living expenses. I know many HD folks like the flexibility of DIY withdrawals,

I used AI as an editorial assistant to help organize and refine my thoughts; the underlying ideas and personal experiences remain my own.
Rebalancing sounds simple. Pick your target allocation and, whenever a holding drifts too far, trade back to target.
That’s how I thought about it as I started managing my risk portfolio. The problem was that I never stopped to ask what “too far” meant. I found myself reacting to routine market movements that had little effect on my long-term plan.

At every stage of my life, I picked up at least a tidbit of knowledge that helped me when I moved on to the next step. Here is some of the curriculum from my school of life. 
 

Don’t Drive Like My Brother, 101. Dave is three years my senior. We used to go out driving around after he got his license. He drove like a mad-man. Tickets, accidents, street racing, you name it. He was a one man wrecking crew.

In February, Guindy Sam wrote about taxes on foreign dividends and taxes, and I decided to quantify the issue using data from the index provider MSCI.
Quick reminder: some countries tax dividends at the source when they’re paid, similar to payroll withholding tax. US taxpayers can claim credit for these foreign taxes paid on their returns (the Foreign Tax Credit). But investors who do not itemize this benefit — those holding the stocks in IRAs, 401(k)s,

If you don’t already know, I live in Ireland, not exactly a country you’d associate with scorching heat. Because of this, Irish homes have never needed air conditioning, and mine is no different. Air conditioning in an Irish home is still something of a novelty.
The problem is, mother nature is slowly changing the rules. It’s still cloudy and mild more often than sunny and warm, but heat is creeping into our summers, and not the pleasant kind.

My great aunt survived the San Francisco earthquake of 1906 with nothing. We know this because she wrote a letter to my grandmother in Kansas asking her to sell the property they had inherited together. She and Billy had nothing left. Nothing at all. A Union soldier — that is how she described him in the letter — handed her a pair of long johns. That was what she had to wear.
She and her husband William F.

This morning I was at a high school graduation and one of the speakers-head of the BOE-started her speech by relating a local news story about an elderly lady photographed in the rain pushing a shopping cart to where it belonged. The lady was questioned why do that in this terrible weather.
Her quoted reply was, “I was taught to put things back where they belong, besides it’s the right thing to do.”
The curmudgeon feels vindicated 👍 Maybe it’s an age thing. 

Several years ago I listened to Requiem: The Story of One Sky by Dimash Qudaibergen, an internationally acclaimed singer from Kazakhstan whose music often explores themes of peace, compassion, and our shared humanity. The song is a plea for peace in a world too often divided by conflict. (I encourage you to listen to it on YouTube.) At the conclusion of the song appeared a quote from Pope Francis:
“Dialogue, understanding and the widespread promotion of a culture of tolerance,

Here’s something that will either comfort or disturb you: the mathematical technique underpinning your retirement strategy was invented by an unwell mathematician playing solitaire in his sick bed.
In 1946, Stanislaw Ulam found himself laid up recovering from encephalitis with nothing to do but shuffle cards. Being the sort of guy who couldn’t boil an egg without pondering the thermodynamics involved, he started wondering about the mathematical probability of winning at solitaire.
He tried working it out properly with equations and formulae,

Trusts are said to be a tool for its grantor to control from the grave. The first things I look at every morning when I open HD are Jonathan’s quips above the “Latest Posts”, and the most recent thoughts in the “Get Educated” section. 
I sort of think of “Get Educated” as the legacy that Jonathan has granted to us; his way of continuing to guide and educate. 
One of today’s topics is Monte Carlo analysis,

I just read an article that questioned the value of retirees downsizing, perhaps in the process relocating even to a new neighborhood. It got me thinking about our decision. What may be correct for you depends on your primary goal. That can be tricky and over time it may change. 
Our primary goal was convenience- it’s a good thing it wasn’t saving money. 
It has been almost eight years since we sold our house of nearly 45 years and moved 7/10 of a mile to a 55+ condo community of eight buildings with 12 units each on 16 acres.  

Here’s something I’m debating and hoping the collective brain trust of the HD community can push me in the right direction.
As a retired Fed, I have access to the Thrift Saving Plan G Fund.  For those not familiar, it’s basically a high yield savings account on steroids.  It pays rates comparable to medium/long-term Treasuries but has no default risk, duration risk, or interest rate risk.  It only pays interest and can never fall in value. 

I watched a YouTube that said there are 3 ways to tackle the LTC problem.
1. Long term care insurance, (which is more costly as we aged),
2. Whole life w a LTC rider, (maybe much more costly comparing option 1), or
3. Self funding from investment.
Your thoughts. Thanks in advance.

I DON’T HAVE MANY regrets in life. But there is one conversation with my mother that I wish I had never had. It was about moving her into an assisted living facility. She was in her 90s, and I thought it would be best for both of us.
My mother would receive better care, and I could take much-needed breaks. She could even keep her house and spend time there when I was with her.
It seemed like a middle-of-the-road approach to providing care.

THE WAY INVESTORS think about the stock market may be entirely wrong.
Intuition tells us, and academic research confirms, that a company’s stock price should respond to important news and information. When a company announces a new product, for example, its stock should go up. And when results fall short of expectations, it should decline. 
But a new paper titled “The Inefficient Pricing of News” calls this idea into question. The authors found that investors respond much more slowly and inconsistently to market news than previously thought.