Fred, a hypothetical investor, was so sure of himself about his investments. He had always handled everything on his own and felt he was doing a great job. Then with some tumbles in the markets and some changes in his life situation, he decided to get a second...read more
Recently, Griffin Miller wrote a terrific piece on retirement downsizing for Bankrate. I’d like to highlight a few of these points here and add a couple of my own. Downsizing can be an enticing option for many retirees to help lower living costs, there’s more to it...read more
With tax refunds hitting bank accounts across the country right about now, it’s important that we think about what this money is and what it can be. On average, Americans get a tax refund of $2,895 each year from the government. This is our money coming back to us....read more
What is a cup of coffee worth to you? For many, coffee is a huge part of their morning routine. But could that grande latte from Starbucks cost you your retirement fund? Many of the people I meet with, especially young people who’ve recently entered the workforce,...read more
Most of us will meet the milestone of retirement experiencing some combination anticipation and apprehension. This makes sense: retiring is one of the biggest transitions we ever make. With it, comes gains and losses. You’re asked to rethink your self-concept and...read more
Andrew* was so excited to finally announce his retirement to all his family and friends. His 401(k) account had grown to levels that made him feel secure about his retirement future. His time had come! The problem for Andrew was that it was the summer of 2008. In the...read more
My father-in-law just passed away. Yes, it was a sad time for the family. Losing a great man that was dearly loved was difficult. But as with many clouds that come over our lives, there are silver linings. What I learned through this was just how much love he had for...read more
Ralph and Sandy are hypothetical, typical American parents. They only want the best for their children. Now they are facing college tuition costs and the funds just aren’t there to meet that need. What to do? They have considered tapping into Ralph’s retirement...read more
If you are not already participating in your company’s 401(k) retirement plan, enroll as soon as you can. Just like winning the lottery, you don’t have a chance to benefit unless you buy a ticket. Now that you are enrolled in the plan, one critical step is to select...read more
As I discussed in the first part of this post, long-term care is something that we all have to take seriously and plan for accordingly. Though Medicare can be a great help, there are shortcomings that you will have to work around to deal with prolonged medical care....read more
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