The idea expressed here was inspired by changes being made to the TSP platform. TSP stands for Thrift Savings Plan, one of the primary platforms used by Federal employees, members of the military, and certain others engaged in federal service, to set aside money from earned income to be used later in retirement. Since I'm …
Category: Retirement Planning
Ideas to help preserve and grow your money
Forget Your Real Age, Plan Your Retirement Around Your ‘Biological Age’
My Comments: Call me old fashioned but I’ve always defined my age as the number of birthdays I’ve celebrated. There’s been a lot of them. In terms of retirement, and when you trigger that event, in my world it’s largely driven by the number of dollars you’ve set aside to pay your bills when you …
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More Social Security Facts
The current regime in the White House and Congress has provided ever increasing pressure on the economy by it's actions, among them the 2017 tax act and the trade war. As it happens, recent increases in the national debt is pushing us toward a crisis. Whenever crises happen, people for scapegoats. Some would have you …
Claiming Social Security at Full Retirement Age
Under the current structure, the Social Security Administration allows someone with enough work credits to choose any one of 96 months to start their retirement benefits. Millions of retirees chose #1. This is the month they become age 62. The assumption is they have paid in for many years and wouldn’t it be nice to …
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Annuities and Retirement
It’s entirely possible Congress will do it’s thing and pass new legislation now known as the SECURE Act. The name comes from Setting Every Community Up for Retirement Enhancement. I wrote about it earlier in July. A key provision of this pending legislation is that it will allow more businesses to offer 401(k) plans that …
Best New Ideas in Retirement: #2 of 8
Last week I gave you the first of 8 new ideas in retirement. As I give you the 2nd, I must give full credit to the person responsible for writing it. His name is Joseph Coughlin and it appeared on July 17, 2019. Here’s a link to where I found it: https://tinyurl.com/yy5dro5u My wife and …
Retirement: Where You Live, and Medicare
My Comments: My wife and I rely on Medicare, along with a Medicare supplement plan, to pay for our current health care needs. If I have an issue that seems to require the advice and care of a physician, there is no hesitancy to seek that care. None. It never occurred to me this was …
Best New Ideas in Retirement: # 1 of 8
As a financial planner for many years, my focus was always on the financial aspects of retirement. Apart from it being how I made my living, it also supports the notion that life with more money is almost always better than life with less money. As I’ve slowly moved into the retirement phase of my …
Retirement Through The Decades
My Comments: There was a time not too long ago that the idea we call retirement did not exist. Whether your were male or female, you continued doing whatever it was you did as an adult and then life stopped. Advances in medicine, which resulted in increased longevity, began to mean that by the time …
Do You Need Life Insurance in Retirement?
My Comments: Too many years ago for me to remember, it was possible to buy what was then known as a ‘single premium life insurance policy”. The only health question was whether you could fog a mirror. If not, it was too late. As a salesman, I’d find people with small or medium sized buckets …
Helping Define Your Financial Future 