I know this is from the Vanguard BogleHeads forum, but I though it would be helpful here.
The DC Local Chapter of the Vanguard Bogleheads is meeting this Sunday, November 18 at 2:00pm.
is the thread talking about the meeting. Some topics for discussion will be:
Discussion of Life-cycle finance and Economic Security Planner software
I. Development of life-cycle finance
II. Differences between life-cycle household finance and mean-variance analysis based financial planning
III. Importance of focusing financial planning on consumption over time rather than financial wealth at a point in time
IV. Life-cycle finance and new financial products
V. How ESPlanner implements the ideas of life-cycle finance within the software
VI. ESPlanner example case 1
- Individual wonders whether she should delay taking social security benefits
- Individual worries about appropriateness of her retirement portfolio asset allocation
VII. ESPlanner example case 2
- Married couple wonders whether they have appropriate levels of life insurance
- Explore what happens when Wife dies ahead of schedule Husband dies ahead of schedule