Ideas to help preserve and grow your money
My Comments: Some of you reading this have money in 401(k)s and 403(b)s and cannot simply remove it and place it somewhere safer. Which means you’re completely exposed to the vagaries of the markets and you can only hope for the best. I learned long ago that HOPE is not an effective investment strategy. So …
Continue reading How your 401(k) can survive and thrive in the next bear market
My Comments: After 40 plus years as a financial/retirement planner, I’ve lost count of the number of people who, as they approach retirement, ask whether they’ll have enough money. Or the corollary, when will they run out? If you expect to have a successful retirement, ie one where you run out of life before you …
Continue reading Guess How Many Seniors Say Life Is Worse in Retirement
My Comments: Now that I’m in my mid 70’s, I’m far more worried about the ups and downs of the markets than I was 15-20 years ago. My ability to pay my monthly bills shrinks exponentially when the market crashes and my retirement money is exposed to that risk. Ergo, I either do not have …
My Comments: I have a client, age 58 and single. I'm unsure just how much money she has set aside for her future. I have every reason to think she’s healthy and given statistical probabilities, will live another 30 years or more. She lives a very busy professional life and finds it hard to focus …
Continue reading The Retirement Savings Mistake That 68% of Baby Boomers Regret
My Comments: Paranoia is an elusive thing. Just because you’re paranoid, it doesn’t mean there’s no one out there intent on putting you down. It’s much the same with the stock market. Just because we’ve not had a market correction now for almost nine years, it doesn’t mean there is one just around the corner. …
My Comments: What would you do if you just found out you were getting an extra $300,000? And to whom is this question posed? The article appeared in a news feed on my phone this morning as I was drinking coffee and getting ready for the day. You can find it HERE. I’m sharing it …
Continue reading What should I do with the $300,000 I am about to inherit?
My Comments: Have you noticed a flurry of ads on TV recently talking about Medicare and all the benefits you are entitled to for one easy price per month? I have. The ads promote the use of Medicare Plan C, also known as Medicare Advantage plans. They are a sop to the insurance industry, giving …
Continue reading Medicare open enrollment begins Sunday – and not just for those age 65 and up…
My Comments: Politicians apparently have no earthly idea what getting old does to your finances. Of the 50 state Medicaid directors, red states and blue states, all 50 came out in opposition to the most recent attempt by Congress to repeal the ACA or ObamaCare. None of us are willing to allow the elderly to …
Continue reading How to Get Medicaid for Nursing Home Care Without Going Broke
My Comments: The first monthly Social Security income benefit ever paid was to Ida May Fuller on January 30, 1940. Today, some 77 years later, it is a critical income source for millions of Americans. This article by Sean Williams confirms the role Social Security plays in the lives of millions of Americans, and I’m …
Continue reading A Majority of Working Americans Are Completely Wrong About Social Security
My Comments: Retirement is the third stage of our lives. #1 is childhood when our needs are provided for by adults; #2 is adulthood when our needs are met by our efforts; and #3, retirement when you quit working for money and money has to work for you. If you’re lucky, you don’t need to …
Continue reading How to Pay Off Your Mortgage Before You Retire
Helping Define Your Financial Future 