Financial planning tools and services to put you on the path to the future you want
Your guide to financial planning and retirement
Connect with peers and experts
Get to know the people behind the company and the mission behind the work
Digital financial planning and guidance at scale
September 7, 2017
Bud retired from Boeing at the age of 55. However, he adopted a second calling as an enthusiastic and tireless evangelist for personal finance and retirement planning education — developing free calculators and an advice column on www.AnalyzeNow.com and writing for many esteemed publications like the Wall Street Journal, MarketWatch, AAII and others. He has been interviewed and quoted in almost every major financial outlet.
He was a clear unbiased voice around financial literacy and he helped millions of people plan for a more secure and wealthier retirement.
Here are a few of the most important retirement and estate planning lessons from Bud:
Bud embodied what we hope to help people achieve with their own retirements. He achieved financial security and carefully managed his retirement finances.
Bud took the time to deeply understand esoteric issues around financial planning, Social Security, Medicare, pensions, taxes, investing, annuities and many other topics which he translated into helpful articles and tools that were used by millions of people.
He had a clear point of view and was a critical thinker – he had a strong belief in how to approach problems and solve them – he wasn’t shy in sharing what he liked or thought could use improvement in the spirit of making things better faster.
Bud urged people to do serious retirement financial planning with conservative inputs.
In one of his last articles for NewRetirement, he wrote: “The future will not turn out the way we may expect because we don’t know how long we will live much less what the rates will be for taxes, returns and inflation, but the ability to be financially stress free in retirement may turn out one of the biggest blessings you can have.”
While Bud was largely a do it yourself retirement planner, he knew when to seek professional retirement advice from a financial advisor — especially when he was just getting started.
He said, “I give large credit to the professional retirement advice I had when still working with regard to investments, specifically to buy low cost index stock funds and actual bonds, not bond funds, for our fixed-income allocations—and make a financial plan to determine how much we should save.”
Bud was keenly aware that he needed a retirement plan that enabled him to thrive, but also one that would support the surviving spouse.
Bud wasn’t driven by money. He wanted financial security and he wanted to be efficient – but once he achieved “enough” for his household and extended family he shifted his focus to working on things that helped other people since he felt that was a better use of his time.
He was generous with his time and expertise — always writing new articles and willing to write detailed responses to people’s retirement questions, typically overnight.
Family was always first and foremost in Bud’s mind. He was careful to purposely make time to enjoy skiing and time with his loved ones.
Bud did not just plan his own retirement, he was careful to make sure his survivors would be comfortable after he was gone and he thoughtfully gave conservative gifts to his children, grandchildren and charities both during his life and via his estate.
Bud was certainly the consummate planner. He even wrote his own obituary and had lots of advice for how to make sure it would be easy for his heirs to carry on after he was gone.
Bud will be sorely missed. However, we hope to keep his retirement planning ideas alive so that you can have a secure future too.
Do it yourself retirement planning: easy, comprehensive, reliable
Take financial wellness into your own hands and do it yourself retirement planning: easy,
Share this post:
Our weekly newsletter full of inspiration, podcasts, trends and news.
© 2022 NewRetirement, Inc. All rights reserved.
Disclaimer: The content, calculators, and tools on NewRetirement.com are for informational and educational purposes
only and are not investment advice. They apply financial concepts in a general manner and include
hypotheticals based on information you provide. For retirement planning, you should consider other
assets, income, and investments such as equity in a home or savings accounts in addition to your
retirement savings in an IRA or qualified plan such as a 401(k). Among other things, NewRetirement
provides you with a way to estimate your future retirement income needs and assess the impact of
different scenarios on retirement income. NewRetirement Planner and PlannerPlus are tools that
individuals can use on their own behalf to help think through their future plans, but should not be
acted upon as a complete financial plan. We strongly recommend that you seek the advice of a financial
services professional who has a fiduciary relationship with you before making any type of investment or
significant financial decision. NewRetirement strives to keep its information and tools accurate and up
to date. The information presented is based on objective analysis, but it may not be the same that you
find on a particular financial institution, service provider or specific product's site. All content,
tools, financial products, calculations, estimates, forecasts, comparison shopping products and services
are presented without warranty.