My Comments: This a long post, but the topic is critical for many of us. People are living longer and longer which significantly increases the odds of needing some serious help before the end arrives. And in most cases, it ain’t cheap. Fortunately, my wife and I are still relatively functional, though we both see …
Category: Retirement Planning
Ideas to help preserve and grow your money
The Five Stages of Retirement (and How to Skip Three of Them)
My Comments: I’m well into my so called “retirement” and believe I’m in Stage 2 given my age and circumstances. Life could probably be better, but it is what it is and I’m OK with that. I’ve spent many years trying to help other reach what this author describes as Stage 2. Sometimes I’ve been …
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6 Key Signs You Will Be Able To Enjoy a Middle-Class Retirement
My Comments: Some of this seems counter intuitive but I can’t tell you how many times I’ve talked with people who have retired and seem unable to enjoy their lives. The six signs described below need to be focal points for most people when reaching age 60. By that time you probably know that at …
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35 Retirement Planning Mistakes You’re Wasting Money On
My Comments: First, 35 mistakes is more than anyone is likely to make. Second, despite by having been a professional financial planner for almost 50 years, I can tell you that despite my presumed skills, I made some serious mistakes along the way. Third, there’s a lot here to absorb, but I hope you make …
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The Rising Cost of Long-Term Care
My Comments: Few of us expect to live to be 100, much less much longer than that. What we don’t expect is to find ourselves unable to effectively look after ourselves as the end approaches. Yes, many of us are living longer and longer, but that comes with a significant cost. The projected cost numbers …
Can You Pass This Retirement Literacy Quiz?
My Comments: If you’re still working and expect to continue living, chances are you’ll decide at some point to retire. That’s when you stop working for money and money starts working for you. The trick is to have enough to maintain your chosen standard of living. I’m hoping you’ll read the few words below and …
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Navigating the Three Economic Phases of Retirement
My Comments: I became a follower of Don Graves, the author of the following article, a number of years ago. His ideas about paying for retirement are very similar to what I’ve attempted to tell clients for almost four decades. As he says below, we pass through different psychological phases during our lives, and especially …
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Marker for the collapse of a key Atlantic current discovered
My Comments: I have no reason to doubt the majority of scientists that posit that we are approaching, if not already there, a tipping point with respect to dramatic climate changes. Unfortunately, or perhaps fortunately, I will not likely experience it beyond the current heat levels in north central Florida. You are right in that …
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The Most Important Retirement Table You’ll Ever See
My Comments: This comes from a publication called The Motley Fool that I follow. This article describes averages that may or may not apply to you. But the framework is real and if retirement is in your future, there may be thoughts here that resonate with you, especially if you are 20-25 years away from …
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Exorbitant Drug Prices in USA – Here is Why
My Comments: My wife and I are in our 8th and 9th decade on the planet. We have our share of health issues requiring prescription drugs. Yes, we have insurance but every now and then there’s a dramatic charge to be covered. As I followed the headline above, I realized it was published in the …
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Helping Define Your Financial Future 