My Comments: I prioritize the following this way: #1 - #4 - #5 - #2 and #3. Yes, some of this is self-serving as I’ve been in the retirement planning business for almost 50 years. And yes, I’ve created an online course that features 8 critical questions you must ask of yourself, and answer, if …
Tag: financial planner
3 Social Security Predictions
My Comments: These words come from Suze Orman who is a recognized and highly published woman whose focus is financial matters for all of us. The message from both Suze Orman and myself is that we have to elect people to Congress who will act on behalf of all of us if Social Security is …
I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?
My Comments: I suspect this question posed to an online site is more common than not. Too many Americans these days have too little money saved and aging is catching up with them if it hasn’t already. The article referenced below attempts to provide an intelligent answer, and for the most part it does. However …
How to Spend Your Nest Egg ~ Probability vs. Safety First
Your Balance Sheet Your household has a balance sheet. As you may recall from accounting courses you took along the way, a balance sheet has the assets listed on the left with liabilities listed on the right. That balance sheet for someone approaching or already in retirement might look like this: Assets: Human Capital …
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Revocable trust vs. will: A guide to estate planning
My Comments: Over the years I’ve had many opportunities to help people plan how they want their money to both serve them during retirement and where it should go, or be used when or if, they become goofy and ultimately die. This is a little long, but a good read for any of you wondering …
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It’s Not Too Late to Save for Retirement: Five Ways to Step It Up
My Comments: For some of us, saving up for retirement is history. If there’s not enough money, you can perhaps generate some income, but beyond that, worrying about money is likely with you for the rest of your life. This blog post is about the use of time and steps to take before it runs …
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The S&P 500 May Be Near the Most Dangerous Phase of The Bear Market
My Comments: Is it? Time alone will tell, but I’m doing my best to sit this one out. My best guess, like yours, will be either good or bad, depending on how the next few months play out. by Mott Capital Mgt. \ 7 AUG 2022 \ https://tinyurl.com/2q988542 History can act as a guide, not …
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The Retirement Life – The First of Many Steps
I’m sure you’re already aware the markets are very uncertain these days. For most of us, they’re down significantly for the year. For every pundit who says there’s a lot more downside to expect, there’s a pundit telling us we’ve essentially hit the bottom and the upside looks like a return to normal. After …
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How Living Longer Will Impact Your Retirement
My Comments: My posts last week focused on the stock market and my belief we're not yet near the bottom of the current cycle. This week, my attempts will focus on retirement issues. If you're 39 or older, you should find something of value here. I make no apology for promoting my recently published book …
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What is the pending SECURE Act from Congress?
First, SECURE is the acronym for Setting Every Community Up for Retirement Enhancement. Someone stayed awake nights coming up with all that. Second, it’s an attempt to bring the federal regulations about money saved for retirement purposes further into the 21st Century. Too many Americans are grossly unprepared for retirement and many that are prepared …
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Helping Define Your Financial Future 