What’s a Good Rate of Return?

Someone asked me this question recently while I was attending a community event. Some people ask questions like this when they find out what I do for a living. It’s always difficult to find an answer for a question like this. On the one hand, the person may be genuinely curious about how their retirement … Read more

Most Common Money Mistakes

According to a study done by Capital One in 2019, many Americans are stressed out about their personal finances. The study found: 77% of participants reported feeling anxious about their financial situation 58% feeling that finances control their lives 43% feel fatigued about their finances. What money mistakes are people making that trigger these feelings? … Read more

We get this question often these days and a quick Google search of the question “will the stock market crash” provided 416 million results in ½ second. It seems to be a popular question. The short answer is “I don’t know, and no one knows.” Sorry to burst your bubble if you thought I had … Read more

One Key Retirement Planning Idea for Each Decade

Retirement planning doesn’t start when you’re 50 or older or if you’re within five years of retirement. Effective retirement planning needs to be done each decade. However, the tactic you use vary by age. 20’s Save early and save often. The magic of compounding interest is most powerful the younger you are. A dollar saved … Read more

3 Retirement Withdrawal Approaches

As a wise person once said, “If you think saving for retirement is hard, wait until you figure out how to take money out in retirement!” Yes, retirement withdrawal strategies are complicated and confusing for many reasons including: Tax issues Required Minimum Distribution (RMD) rules Social Security Un-known health care costs Potential for long term … Read more

The Shortest Recession in U.S. History?

In case you were wondering, the COVID-19 induced recession was the shortest in U.S. history. According to the National Bureau of Economic Research (NBER), the recession lasted two months – from February 2020 to April 2020. The NBER is the official authority of when recessions begin and end. I thought the definition of a recession … Read more

3 Ridiculous Results from Latest Retirement Survey

The Employee Benefits Research Institute (EBRI) is a pretty good organization, but their latest survey on retirement is ridiculous. I hope they didn’t spend too much money on this survey. Their findings are so obvious as to be comical. For example, the survey found: Retirees with guaranteed sources of income like Social Security and a … Read more

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8 Tips to Help Make Sure You Don't Outlive Your Money in Retirement