My Comments: We’re living longer, too many of us have limited financial skills, the level of pervasive uncertainty about the survival of our democracy and what it will look like in a few years, all add up to stress which is not a healthy outcome for any of us. Whether you have enough money to …
Continue reading 11 Signs You Will Be Able To Live Off Your Retirement Nest Egg
My Comments: Some of my retired clients worry almost daily about being able to pay their bills in future years. They own their home, have no debt to speak of, yet convey their concerns about running out of money every time we speak. I suggest the potential of a reverse mortgage and they look at …
My Comments: Harry Truman proposed the idea that became Medicare in 1945 and was signed into law in 1965 by Lyndon Johnson. I signed up for my Medicare benefits at age 65 almost 20 years ago. Surprisingly, that age not changed in the almost 50 years since. What has changed is the cost we all …
Continue reading A Comprehensive Guide to Healthcare Costs in Retirement
My Comments: This is not a Holiday Season question, but one that perhaps should be addressed as soon as the New Year arrives. Life expectancies are steadily increasing but that doesn’t mean a continued ability to look after yourself without help as the years pass. From the day we reach adulthood, there have been bills …
Continue reading Should your retirement plan include long-term care insurance?
My Comments: Rarely does a week pass than I’m reminded of the world I’m leaving behind for my children and grandchildren. It’s frustrating and too easy to ignore since I, like you, are but a drop of water in the bucket of humanity on our fair planet. I’m increasingly aware of the problems I’m leaving …
Continue reading Climate change altering U.S. in profound ways, major report finds
My Comment: My post earlier this week was designed to help you decide if waiting to age 70 to claim your Social Security benefits made sense. This post takes the same idea a step further. By Adam Levy / 10 DEC 2023 / http://tinyurl.com/b2nkwnbc One of the biggest decisions you'll make while planning for retirement …
Continue reading What is the Optimal Age for the Average Retiree to Claim Social Security?
My Comments: Social Security is a hot topic these days, partly because the last substantive real update solution to the underlying problem happened 40 years ago. We’re long overdue for bringing it up to date. When I signed up at 65, it was the only age available. Today there are 97 months to choose from. …
Continue reading Are Bigger Social Security Checks at 70 Worth Waiting For?
My Comments: This has absolutely nothing to do with retirement planning or how to invest and manage your money. But I find it compelling, given that my life expectancy is far shorter than that of my children and grandchildren. I decided to share it with those of you who may have similar observations about how …
The 4% rule ~ This “rule” is used to describe the rate at which money is withdrawn from “retirement” accounts designed to help pay bills when you retire and stop working. The goal is to never run out of money. It evolved many years ago to include the assumption it would keep you from running …
My Comments: Over recent months, I’ve received negative comments from readers suggesting I don't know what I’m talking about when it comes to investing money. One recent comment suggested I clearly had no clue what I was talking about; the comment was just buy and hold with no attempts to time the markets. However, that …
Helping Define Your Financial Future 