My Comments: As mentioned recently, all our lives will end sooner or later. Meanwhile, I’ve found it always helpful to limit stress along the way and financial issues have a way of getting complicated from time to time. As we age many of us become a little goofy which can lead to poor financial decisions. …
Continue reading Plan Ahead: A Checklist for Financial Decisions as You Age
My Comments: I’ve been talking with folks about living trusts for years and am unhappy to tell you I’ve never put one in place for myself and my family. Shame on me, but I’m currently talking with an attorney friend. Unless you’re a homeless street person with no assets, this is an important issue for …
Continue reading 3 Benefits of Using a Living Trust to Pass an Inheritance to Your Family
My Comments: I’ve long followed Dr. Dahle and remarked on his expertise with respect to investing money for retirement. His specialty is advice for fellow White Coat professionals but his ideas should resonate with anyone working to accumulate funds to finance one’s life when their work life ends. What follows here is his introduction to …
My Comments: If you’ve read my recent posts, you’ll know I’ve spoken about fiduciary standards and encouraged you to specifically ask whether the money person you’re talking with is willing to declare themselves a fiduciary. That declaration holds them responsible for acting in your best interest. Yes, there will always be the occasional con man, …
Continue reading What Is The Upcoming Retirement Security Rule, and Will it Help You?
My Comments: First, I was never a Baby Boomer since I’m from the Silent Generation. But what follows here is good information. I “retired” at age 70 and quickly became what I refer to as “terminally bored” and it wasn't long before I became “un-retired”. Fortunately things have worked out OK for me and I …
Continue reading I’m a Baby Boomer Who Had To Un-Retire: 3 Money Lessons I Wish I’d Known
My Comments: There are good annuities and there are bad annuities. Most of the bad ones have been created and aggressively sold by insurance companies whose sole objective is to generate revenue for the company and their agents. The study results described below tell us why they have been successful. It’s not easy to find …
Continue reading Annuities are key to American retirement. So why are so few Americans buying them?
My Comments: This article appeared a dozen years ago in a magazine I follow called Financial Planning. The article describes a list of options to be aware of that are very valid today. It sets the stage for a series of posts I intend to share with you in the coming weeks. It’s about an …
Continue reading The Dreaded Question: Should You Have Long-Term Care Insurance?
My Comments: The older you get, the more you accept that the end happens to all of us. I encourage you to make a serious effort to make sure whatever you leave behind flows freely downstream to the right place or people. This summary will help you avoid serious mistakes made by others that result …
Continue reading 12 Assets To Avoid Leaving to Your Heirs When You Die
My Comments: For many, getting serious about retirement doesn’t happen until someone reaches their 50’s. There’s too much other stuff going on. But sooner rather than later, you have to make sure you’ll have enough money to sustain yourself for the next 30+ years. This is critical if you don’t want to find yourself climbing …
Continue reading 8 Proven Investment Options to Safeguard and Grow Your Retirement Money
My Comments: As a financial planner for the past five decades, I’ve seen my share of success and of failure. These days, too many folks have money worries that are very uncomfortable. It’s largely because while you’re young and working, it’s hard to conceive the day will come when your income stops or dramatically slows …
Continue reading Four Unseen Icebergs That Could Sink Your Retirement Plan
Helping Define Your Financial Future 