Ideas to help preserve and grow your money
My Comments: Most of what we hear about getting ready for retirement is about having more money. And granted, life with more money is generally better than life with less money. But if your goal is to have a successful retirement, an equally valid approach is to also include the notion that if it costs …
Continue reading The Real Retirement Math Is All About Cutting Spending
My Comments: There are times when too much information simply turns our brains into mush. So it is for some people when thinking about retirement. There’s so much going on that it becomes noise, people stop paying attention, and when retirement arrives, they find themselves grossly unprepared. There’s a parallel described here by Erik Conley …
By Tony Kendzior \ November 7, 2019 \ Gainesville, FL Part 1 appeared as a blog post on May 20, 2019. I wrote about how Florida, with an estimated 8,436 miles of coastline, is facing an existential threat from climate change. I was led to believe by experts that by 2050, a short 30 years …
My Comments: As one of the Older Americans referenced in the title above, I can attest to being in the 33% with a good understanding of Medicare. I’ve had to pay attention since I still pay a lot of money every month to make sure my wife and I can access health care when we …
Continue reading 67% of Older Americans Wish They Understood Medicare Better
It’s all well and good for people like to me tell you to save more money. That’s great but how do you make it happen? Many people I talk with are already stretched, and when I suggest they put more money aside every paycheck, I get the evil eye. So let’s step back a minute. …
Continue reading Ways To Accelerate Your Savings For Retirement
Asset Allocation appeared as concept in the world of investment management in 1986. Three people, Gary P. Brinson, L. Randolph Hood, and Gilbert L. Beebower published groundbreaking research that demonstrated an arguably better way to manage money. Here’s the gist of what they said: “…by replacing active choices with simple asset classes worked just as …
My Comments: From 1963, when I graduated from college, until I reached my 60’s, the prevailing assumption was that retirement started when you were 65. It was almost hard wired into how we approached this last phase of our lives, largely because for whatever reason, when Social Security began in the 1930's, that's when you …
Continue reading Many Americans Are Not Rushing to Retire, and It’s Clear Why
My Comments: Accumulating funds to be used in retirement is not easy. An incentive provided by the IRS is to allow you to set aside money today and pay income taxes on it later. Meanwhile, the theory goes, a larger amount grows to become even larger, and you find yourself in a lower tax bracket …
Continue reading Relief for 40 million Americans without 401(k) plans
For decades I’ve been reading about the 4% Rule and what it has to do with retirement. The 4% Rule says that when you stop working for money and start creating an income from your savings, it’s the upper limit of what you should withdraw every year from your savings and investments to make sure …
Studies today suggest only three in ten people surveyed said they were very confident about their ability to sustain their standard of living as long as they live. I say good for them. However, if you’re among the other seven in ten people surveyed who are less than very confident about their financial future, what …
Continue reading Steps To Take To Gain Confidence About Your Financial Future
Helping Define Your Financial Future 