Low costs, consistent results - what's there not to like about index funds?
While there are still managers who can beat the markets, many are unable to do it year after year. By Christopher Tan
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IN previous months' articles, we talked about how we helped David, our 59-year-old retiree client, to have a reliable income stream in retirement using our proprietary tool called RetireWell. David's retirement objectives are:
At the end of age 83, he wants to have $1 million to leave behind for his loved ones or use it for himself if he lives longer.
Very briefly, based on what David wants, we allocated $1.479 million of his money, together with his rental income and proceeds from his insurance policies into various "buckets". These "buckets" are really different portfolios with different risk and expected return profiles invested over different time horizons.
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