There are some trends we all are surprised
by. Do we have to just “grin and bear it?”
Constant increase in service costs
“Bill Creep” and unemployed/retirees dealing
with the market down-turn on our portfolios
have been cited recently.
The WSJ Family Money column noted how many
modern conveniences’ costs have appreciated
as highly marketed features are added.
From conveniences (cellphone, cable,
blackberries, netflix) to space to store
all the items you no longer use, being
replaced by the conveniences. K.
Blementhal recommends (1) developing
a household must list and (2) contacting
vendors and their competitors to
negotiate competitive costs.
Falling Portfolio Values
T. Rowe Price (p. 16) suggested a
viable strategy in withdrawing assets for
dealing with the market downturn.
In the TRPrice Report winter 2009 issue,
retirement security can be gained back by
holding “nest egg” withdrawls constant
for five years.