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 …
Continue reading How Living Longer Will Impact Your Retirement
Some of you will read this and determine I’m trying to sell you something. To some extent you’re right as I would love to have you enroll in one of my online courses at Successful Retirement Secrets. On another level, I’m interested in helping you come to terms with what you should do with your …
A much maligned financial planning tool is the reverse mortgage. And there is good reason why it had a bad reputation. Notice I use the word ‘had’. My position today is there is no reason to simply walk away because of that reputation. It no longer applies. First, a little background. When buying a house …
Continue reading Reverse Mortgages and Retirement – Part One
Life can be scary sometimes. It can be doubly scary when we realize personal financial decisions are inherently emotional decisions. Who among us has not made a bad choice along the way where money was involved? Conceptually, retirement is inherently personal. And the elephant in the room at first glance is almost exclusively a matter …
Continue reading Investing for Retirement: What Price Are You Willing to Pay for Guarantees?
Yesterday I asked if you were feeling lucky. The idea being that if things work out for you, your journey end will arrive with few regrets. Before you conclude I’m trying too hard to deny you years of fun and games, I’m really focused on helping you enjoy a worry free and financially secure retirement. …
My Comments: 45 million people is a lot of potential voters. That’s the number of American receiving retirement benefits every month. As 2035 gets closer and it becomes obvious changes have to be made by Congress to maintain Social Security, how many of those potential voters are going to elect someone willing to let Social …
Continue reading High Income Inequality Hurts Social Security’s Finances
My Comments: I grew up thinking I’d retire when I reached 65. That was in 2006. For a lot of reasons, here I am in 2019 calling myself semi-retired and working about 30 hours each week. Yes, I no longer have to put on a coat and tie and wander around town looking for new …
Continue reading The New Normal for Retirement: There Isn’t One
Can you believe it??? Capitalism and socialism working together? Whoever caused that to happen should be voted out of office… What were those bas**rds thinking? Actually, there are more than 60 million Americans today who rely on monthly checks from the Social Security Administration. And believe it or not, there is a damn good website. …
Continue reading Why You Should Create a My Social Security Account
If you’re not yet 50, the idea of having to pay for long term care is way outside your everyday mind set. Yes, it may apply to your parents or grandparents, but not in your everyday world. But as you begin to think about your personal financial future, it needs to become part of the …
Continue reading Let’s Get Real About Health Costs in Retirement
There’s a lot of talk about retiring early. As someone now in their late 70s, I find it hard to get my mind around the idea. I attempted to retire at about 70, found myself terminally bored, and un-retired. With any luck, I’ll keep working about 30 hours every week for the rest of my …
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