Category Archives: Planning & Investing

Senior Citizen Life Care Planning

Maria and I attended a seminar on Senior Citizen Life Care Planning given by Kim D’Angiolillo, owner of Kupuna Consulting and a Certified Senior Advisor.

Kim was so impressive, we asked him to lunch to grill him on his service.

We concluded Kim is a passionate, caring human being who loves what he does.

Kim is the go-to guy to plan an aging parent’s care.

Here’s a simplified synopsis of Kim’s services: Kim provides a professional, objective assessment, recommends living choices that match the assessment, schedules and accompanies you on visits to the facilities and works as your advocate to be sure your loved one is getting the care they’re supposed to get.

Kim interviews scores of home care workers and visits dozens of facilities, interviewing the people in charge and the workers, to be able to give his best recommendations.

This guy knows what he’s doing. If you have a need, interview Kim. It will be worth your time.

Kim D’Angiolillo, CSA

Investing Rules of Thumb

Save 20%

With the disappearance of pension plans, Americans need to save at least 20% of their income to have enough for a secure retirement, more if your in your 50’s or 60’s.
~ Craig Israelson, Financial Planning magazine

Withdraw 4%

A senior citizen’s biggest fear is running out of money. To give yourself the best chance of not running out of money, a 4% withdrawal rate of your savings is a widely accepted maxim.

These are rules of thumb, perhaps goals. They are not hard and fast.

The bottom line, as always: Live below, not within, your means.

The Cost of Market Timing

S&P 500’s 20 year average annual rate of return: 9.22%

The average equity Investor’s 20 year return: 5.02%

The average annual cost of market timing: 4.20%

Source: Dalbar’s 20th Annual Quantitative Analysis of Investor Behavior, 2014 Advisor Edition

The Cause:
Investor Behavior – Panicking out a market lows, buying into euphoria at market highs and plain old fashioned market timing.

The Solution:
A properly diversified, high quality portfolio, left alone to do it’s job.