by Tony Kendzior \ December 14, 2018 Being alive virtually anywhere on the planet in the 21st century carries with it certain risks. How you deal with those risks largely determines your sense of well being as you navigate the ups and downs of everyday life. Risks are all around us. Some are inconsequential and …
Tag: retire
‘Rolling Bear Market’ Will Paralyze Stocks for Years: Morgan Stanley
My Comments: It became accepted wisdom that a properly diversified stock portfolio can indefinitely absorb an annual 4% withdrawal rate to satisfy a need for retirement income. That assumption is now disappearing. There is growing sentiment that over the next decade, if not longer, a 4% withdrawal rate will lead to the exhaustion of your …
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Guess How Many Seniors Say Life Is Worse in Retirement
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 …
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The Retirement Savings Mistake That 68% of Baby Boomers Regret
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 …
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History says the bull market is ending
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. …
How to Pay Off Your Mortgage Before You Retire
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 …
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The World’s Most Deceptive Chart
My Comments: First of all, Happy Labor Day to everyone. I trust you are able to take some time off to spend with family or do something fun to celebrate the end of summer. I’m working very hard these days to complete a project that I call Successful Retirement Secrets (SRS). My plan is to …
This is how much fees are hurting your retirement
My Comments: Value is in the eye of the beholder. When we need something, and it may be financial advice, pork chops or a car to drive, we typically spend money. If it's financial advice, it's sometime difficult to measure it's benefits, so be prepared to pay for it. As a self-styled expert on retirement …
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Protect Yourself Against Cognitive Decline
My Comments: Readers of my posts know I usually talk about money or some aspect of it. My challenge over the years has been to assess the financial literacy of whomever I’m talking with. And that challenge increases with age; both mine and that of my friends and clients. This article might start a useful …
Retiring Early? Here’s How to Delay Taking Social Security Anyway
My Comments: I’ve you’ve not yet signed up to receive your monthly Social Security benefit, this is worth a read. I encourage everyone to try and wait until Full Retirement Age (FRA). The outcomes are likely to be much better. If you claim Social Security early, your checks will be permanently reduced. Consider looking for …
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Helping Define Your Financial Future 