Factoring Health Costs in Retirement

Health costs rise with age and the level of a retiree households modified adjusted gross income. Typical costs can be either transitory or persistent. Transitory costs, such as breaking an ankle playing pickleball or the slip of the knife in…

Are Retirees’ Estimates of Retirement Risks Accurate?

A 2020 white paper by Wenliang Hou for the Center for Retirement Research at Boston College looked at the differences between how retirees perceived retirement risk issues compared to what empirical evidence shows. The five key risks evaluated were 1.)…

Investor Behavior and Portfolio Growth

Legendary college basketball coach John Wooden once said something particularly applicable to long-term investing strategy when he said, “What’s important is what you do once you know what you are doing.” Investors cannot control the market returns, but they can…

Basics of Investing

There are five basic considerations when investing money. Before discussing the five basics, it is important to stress the distinction between saving and investing. Saving is used to accomplish financial objectives that are near to medium term which require a…

The Impact of Investment Costs

Investment costs and taxes are two well-known features of investing money. The impact of taxes is a familiar expense unique to each investor, while the impact of investment expenses is more opaque requiring diligence on the part of the investor…

Investment Insights 

The most basic question the average person should ask before hiring an investment consultant is, “Can I do this on my own, or do I need help?” Those that believe they can invest on their own should also ask themselves…

Costs of Owning a Mutual Fund

One important feature of a sound retirement portfolio is to be mindful of costs associated with maintaining your investments. At Bill Westcott, Incorporated we have specialized in conservative cost efficient strategies to help clients meet their retirement goals for over…