Retirement planning has common benefits and challenges. The tax advantages and array of options gives investors flexibility. Those who start early, use the power of compounding and maximize contributions can approach retirement with financial security.   However, increases in life expectancy and cost of living make it essential that IRAs or 401ks are managed wisely. Most of this focus tends to be on investment returns. The current bull market has rewarded many equity investors. Equity rallies can cause us to chase performance or overlook the cost of investing. As a result, many investor portfolios may no longer reflect time horizon or … [Read more...]