Ideas to help preserve and grow your money
My Comments: This is not a Holiday Season question, but one that perhaps should be addressed as soon as the New Year arrives. Life expectancies are steadily increasing but that doesn’t mean a continued ability to look after yourself without help as the years pass. From the day we reach adulthood, there have been bills …
Continue reading Should your retirement plan include long-term care insurance?
My Comment: My post earlier this week was designed to help you decide if waiting to age 70 to claim your Social Security benefits made sense. This post takes the same idea a step further. By Adam Levy / 10 DEC 2023 / http://tinyurl.com/b2nkwnbc One of the biggest decisions you'll make while planning for retirement …
Continue reading What is the Optimal Age for the Average Retiree to Claim Social Security?
My Comments: Social Security is a hot topic these days, partly because the last substantive real update solution to the underlying problem happened 40 years ago. We’re long overdue for bringing it up to date. When I signed up at 65, it was the only age available. Today there are 97 months to choose from. …
Continue reading Are Bigger Social Security Checks at 70 Worth Waiting For?
The 4% rule ~ This “rule” is used to describe the rate at which money is withdrawn from “retirement” accounts designed to help pay bills when you retire and stop working. The goal is to never run out of money. It evolved many years ago to include the assumption it would keep you from running …
My Comments: Over recent months, I’ve received negative comments from readers suggesting I don't know what I’m talking about when it comes to investing money. One recent comment suggested I clearly had no clue what I was talking about; the comment was just buy and hold with no attempts to time the markets. However, that …
My Comments: My hope is all of you had a wonderful Thanksgiving with family and/or friends. Yes, it’s Friday and for some still a holiday, but I’m trying to keep to my blog post schedule. Most of my investable money today is in a Vanguard cash reserve money market fund. It’s current yield is about …
Continue reading This Is One of the Worst Stock Market Mistakes You Could Make Right Now
My Comments: Full disclosure: the words below appeared on a site I follow, The White Coat Investor. They are powerful words, not just for physicians, but for every highly motivated person whose age is advancing toward retirement. My professional focus for many years has been retirement planning. I’ve posted over 2300 blog posts since 2011, …
My Comments: I’m a 60-year resident of Florida and the following may not interest those of you who live elsewhere. Unless you’re planning to move here soon. It resonates with me as I live in central Florida where hurricanes are typically less severe and coastal flooding is not an issue. Just know millions of people …
My Comments: The ideas expressed here came to me from a Delores Johnson who is an advocate for Senior Care at https://www.caring.com/ She has made me increasingly aware of potential solutions for people my age who are not yet ready to call it quits. Don’t let anyone fool you; a successful retirement is easy to …
Continue reading 4 Tips for Right-Sizing Your Home After Retirement
My Comments: The topic here complements my online school, Successful Retirement Secrets, which presents 8 critical questions you must ask of yourself, and record the answer, if you want a successful retirement. Yes, there are a lot of words here but they're only about money. A successful retirement is a lot more than just having …
Helping Define Your Financial Future 