In days past, if you were fortunate, your full time job included what is known as a defined benefit pension plan. Your ‘benefit’ was determined, or defined, by how long you worked for that employer, your age when you retired, and how much you were making when you retired. That last element might have been …
Continue reading Defined Benefit Pension Plans and Retirement
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 …
If I believed it was so, I’d be writing that there’s no retirement problem looming over us. But there is a problem, and you and I alone cannot fix it. I’m not sure it’s fixable. All we can do is be aware of it and at a personal level, figure out ways to survive it. …
Continue reading The Coming Pension Crisis Is So Big That It’s A Problem For Everyone
My Comments: Very few of us are awash in money. And like it or not in 21st Century America, having more money is almost always better than having less money. If you own a small business or work for one, your future financial security is always in doubt. Criticize me if you will, but my …
Continue reading When it Comes to Retirement, Small Businesses Are Failing Their Employees
My Comments: I had no idea so many of us didn’t plan ahead in terms of where to live. You'll find this issue addressed as one of the 8 primary questions that appear in Successful Retirement Secrets, my online retirement planning school. What follows is a helpful list of criteria as you think about your …
Continue reading 1 in 3 Retirees Would Rather Live Elsewhere
My Comments: Yesterday, I talked about the need for new people to enter the work force. Today I'm talking about people who cannot leave the work force. There are an increasing number of baby boomers who cannot leave the work force because they simply don't have enough money. It presents an untenable outcome: die sooner …
My Comments: I’ve written life insurance policies on men, women and sometimes children for over 40 years. In almost every instance, objectivity was hard to come by. The idea of death is difficult to talk about, especially when it’s about your death, or those you love. As I’ve aged and come to terms with my …
Continue reading The Most Overlooked Issue In Retirement Planning
My Comments: Some of us are organized and some of us are not and the rest of us are 'sorta/kinda' organized. I’m in the 'sorta/kinda' organized group. I am, however, heavily invested these days in teaching others a process to follow when thinking about their future retirement. I’ve created an internet school called Successful Retirement …
Continue reading Planning for Retirement: a Checklist Approach
My Comments: I am now among the ranks of internet publishers! Almost four years in the making, Successful Retirement Secrets is an internet course that teaches a system to help you process retirement information. The goal is to arrive at retirement ready with enough resources to live your life to the fullest with a minimum …
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. …
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