Page
78: Be aware that some pension plans can deduct half of
your social security payment from their payment. Amazing
but true. Is yours one of them? Find out, and take this
into account when calculating steps 2 and 3.
Page
81: "Table 3.7" should be "Table 4.1"
Pages
82-85: We have updated Tables 4.3 - 4.8 to reflect more
the more conservative market returns indicated by the
Quantext
Portfolio Planner here: Excel Spreadsheet.
Page
86: Should read, "Instead, it's about trying to make..."
Page
90: Here's the corrected worksheet in Excel format: Worksheet
Page
105: The admonition to keep bonds in tax-deferred accounts
and equities in taxable accounts should not override your
overall portfolio allocation (50% stock/50% bond). That
is, we recommend holding both asset classes of the Couch
Potato portfolio, even if you have only a taxable or a
tax-deferred account available to you. Tax considerations
should come after asset allocation decisions, not before.
Page
128: Should read, "You can initially take out 19
percent more from your growth portfolio if you're only
planning to be retired for 25 years rather than 40."
and "If you want to live in a world where no sequence
out of 25,000 possibilities has you running out of money,
you have to initially withdraw 52 percent less than you
could if you were willing to accept a one percent chance
of these portfolios going bust. And you have to make do
with 77 percent less cash that than if you were okay with
a 5 percent chance of your nest egg prematurely disappearing."
Page
133: Should read, "In most cases, this..."
Page
134: Here's the corrected worksheet in Excel format: Worksheet
Page
150: TIAA-CREF does not offer inflation-indexed bonds
as an investment option for its variable annuities. Vanguard
now offers a fixed annuity with some inflation protection.
Note:
Links to the retirement-related Websites mentioned in
the book can be found on our LINKS
page.
