Spending in Retirement – Part Two

This comes on the heels of Spending in Retirement - Part One where I repeated ideas from Sarah Smith where she identified 10 things where you’re likely to spend MORE money after you retire. Here I'm sharing ideas from Suze Orman that appeared in a recent copy of the magazine sent out every month by …

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ROTH IRAs and Why They Make Sense

My Comments: They’ve been around for some time now, but because they cause you to use after-tax money, there’s always been a cloud around them. That’s a shame since they make sense when it comes to tactically allocating your retirement income among different sources and types of accounts. That retirement, assuming you live a normal …

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8 Things to Know About Trusts

My Comments: First, a disclaimer saying that I’m NOT an attorney. Do NOT rely on what you read here without first talking with your attorney. Having said that, you will find this useful if you’ve ever wanted to speak from the grave or at least make sure that if you become goofy, your wishes will …

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Spending In Retirement – Part One

My Comments: Having more money is almost always a good thing. Having enough money is a function of your core expenses (food, shelter, transportation, healthcare, utilities, etc.) compared with discretionary expenses. Things like travel, entertainment, nice cards vs OK cars, etc.  You’ve spent the last several years of your life establishing a lifestyle and odds …

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Should You Always Sign Up for Medicare Part B at 65?

First, everyone should understand that Medicare Part A covers inpatient hospital and skilled nursing care. Medicare Part B covers all outpatient needs, doctors services such as office visits and surgery, MRIs, chemotherapy and the list goes on. Second, to qualify for Medicare at all, one must work and pay taxes for 10 years or 40 …

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How America’s Retirement Dream Became a Nightmare

My Comments: There is a fundamental generational change taking place in America today. It will have significant ramifications politically and economically. When I grew up years ago, it was a given that I would go to college, get married, and enjoy a life that would equal or exceed that of my parents. As it evolved, …

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4 Reasons People Succeed at Retirement

My Comments: How do you define 'retirement success'? I can tell you without reservation that it’s purely subjective and personal. My success could easily be someone else’s failure, and vice versa. My time these days is teaching others a step-by-step process to get them ready for retirement. Which leads to wondering what is meant by …

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