Are you feeling lucky? As you reach the end of the road, worrying about what might have been has little purpose. Before you get there, you’ll likely pass through three phases. I refer to them as the the GO-GO years, the SLO-GO years, followed by the NO-GO years. When the average life expectancy for a …
Tag: Retirement planning
Focus on Retirement Goals or Investments?
Have you got enough money? Is there a point in time when making new guesses about your retirement funds become an exercise in futility? Sure, you could probably work a few more years and have a few more bucks in the bank, but at what price? I’m reminded of the Social Security dictum that everything …
High Income Inequality Hurts Social Security’s Finances
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 …
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Equity-Indexed Annuities As a Retirement Strategy
My Comments: With this topic, we’re dealing with mixed messages, both are in a foreign language. On one side are the brokerage firms and investment professionals whose expertise is probably exceptional, telling you what’s the best thing to do with your money. On the other side are insurance professionals whose income is largely a function …
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The New Normal for Retirement: There Isn’t One
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 …
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Why You Should Create a My Social Security Account
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. …
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Americans Know They’re Not Ready for Retirement. But It’s Worse Than They Think
No one likes bad news. When it arrives almost daily, there is a tendency to treat it as noise and tune it out. When it involves retirement, tuning it out is easy since for most people, retirement is years away. Without a sense of urgency, it’s just another time consuming and relatively meaningless waste of …
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Capitalism vs Something Else?
Disney is a name that resonates with people of my generation. We grew up with Mickey Mouse and as our kids grew up, Disneyland in California and Disney World in Florida became vacation destinations for millions of us. My grandchildren today know the park in Orlando like the back of their hands. Abigail Disney is …
Let’s Get Real About Health Costs in Retirement
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 …
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Don’t rely on retirement to make you happy
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 …
Helping Define Your Financial Future 