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From the Northeastern Section of the ACS, focusing on career management and development
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02/18/09
Watch-outs 6. Bill creep, withdrawl strategy
Filed under: Networking, Mature professionals
Posted by: site admin @ 10:41 am

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.

One Response to “Watch-outs 6. Bill creep, withdrawl strategy”

  1. site admin Says:


    RE:  Falling Portfolio Values
    Yahoo Finance poured out four suggestions
    that dovetail with the T. Rowe Price article.

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