1 in 5 Seniors Is Living in Poverty — How to Make Sure You Don’t Become One of Them

My Comments: How long will you live? I have a mea culpa to make. For the first 30 years of my career as a financial professional, I subscribed to the prevailing notion that financial planning efforts should be focused on life expectancy. There are probably still many financial professionals out there making that assumption. It …

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When You Retire Could Make A Huge Difference

There is a risk associated with when you retire that’s sometimes the fault of your parents. It’s something over which you had absolutely no control. Specifically, when you were born. Let’s assume you’re now well into middle age, have a job that pays well but the idea of retirement is increasingly on your mind. You …

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The Secure Act is now law. Will it help your retirement?

I last wrote about the Secure Act back on July 18th of this year. The name is an acronym for Setting Every Community Up for Retirement Enhancement. As I mentioned then, someone stayed up late one night coming up with that to reflect the message of security. The idea behind any effort that allows people …

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Limited Advice Disappoints Near Retirees

My Comments: The title itself is a little disappointing to me. What exactly are “near-retirees”? I spent almost all my working time these days promoting the idea that a successful retirement, however you want to define that, is a function of time, effort and discipline. Oh sure, you might win the lottery but the odds …

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New Risks We Face In Retirement

How much of life is dependent on luck? Personally, I consider myself very lucky. I’ve had good personal relationships, I’ve managed to live a productive life, my wife of 5 decades is still with me, our children are grown and have given us grandchildren. Life is good. Many of my days are spent sharing insights …

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4 Critical Mistakes About Money in Retirement

OK, no one likes to make mistakes. As we journey through life, and make mistakes from time to time, we tend to learn from them and not make the same mistake again. At least that’s the plan. Retirement, however, presents us with challenges we’ve not had to face before, and sometimes, we realize too late …

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The Day You Retire Might Be One of The Hardest Days of Your Life

My Comments: My reaction to this headline was skepticism. Some of that’s because while I'm no longer officially in business as a financial planner and investment advisor, I don’t think of myself as retired. For much of the 20th Century, retirement was defined as a single day in time, as described in this article. However, …

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