Ideas to help preserve and grow your money
My Comments: As you approach your retirement and your 62nd birthday, this question becomes increasingly relevant. Retirement is that point in your life when you essentially quit working for money and instead money starts working for you. The challenge is to make sure it’s working hard enough to keep you from running out of money …
Continue reading 3 Things That Affect When You Should Apply for Social Security
My Comments: With much of my time these days building a new business around retirement planning, the question of how long your money will last has huge implications. The 4% rule evolved in years past using the assumption that it would keep you from running out of money before you died. That assumption is not …
My Comments: Some of us are organized and some of us are not and the rest of us are 'sorta/kinda' organized. I’m in the 'sorta/kinda' organized group. I am, however, heavily invested these days in teaching others a process to follow when thinking about their future retirement. I’ve created an internet school called Successful Retirement …
Continue reading Planning for Retirement: a Checklist Approach
My Comments: Personally, I’m completely invested in #4, #6, #8, and #9. I’m working hard on #1 and #10. What you choose is entirely up to you. Boosting your retirement income is not about accumulating more stuff. It’s about enjoying life, completing your bucket list of things to do, and having money to pay your …
Continue reading 11 Proven Ways to Boost Your Retirement Income
My Comments: As a financial planner, I’ve described the three primary phases most of us travel through in life: childhood, adulthood, and retirement. As a child, we’re dependent on others to maintain our lives; as adults we’re dependent on our ability to fend for ourselves and typically work for money; in retirement we’re dependent largely …
Continue reading 4 Financial Life Stages and How to Plan for Them
My Comments: Retirement is the third major time in people’s lives. It follows childhood and adulthood. Well, OK, a retired person is also an adult but retirement is a different stage. I describe it as when you turn off the ‘work for money’ switch and turn on the ‘money works for you' switch. Meanwhile, modern …
Continue reading Caring for Your Aging Parents: How to Prepare
My Comments: It’s Thursday when I post about RETIREMENT. You’ve heard me say time and again that retirement planning needs to assume one of you (if you have a spouse) is going to be around until age 100. And in every one of those years between now and then, everything you buy will increase in …
Continue reading One of the Oldest Rules for Retirement Saving Is Wrong, Experts Say. Here’s the Fix
Today’s Thoughts About Retirement: Though it can be argued that money is the root of all evil, it can also be argued that it is essential for peace of mind. The challenge for all of us is to pay our bills in a timely manner and not create burdens for our survivors. I think of …
Continue reading How to run out of life before you run out of money
Tony’s thoughts about this: For those of you who have not yet ‘retired’, know that it will be dramatically different from your ‘before retired’ years. Planning for those years, if you expect to enjoy life and consider your retirement a success, is essential. My days as an active, looking for new clients financial person are …
Continue reading What Is Missing From Most Retirement Advice
My Comments: Few of us realize as we pass through young adulthood that life is finite. We may lose an elderly family member and we acknowledge the inevitable but few of us are able to get our arms around what it might mean for us. I describe retirement as that point in your life when …
Helping Define Your Financial Future 