When you’re thinking about retirement, there are numerical and quality of life factors you will consider. Quality of life issues include where you live, what you do and who you do things with. Speaking of where you might live in retirement, according to U.S. News and World Report, the 10 best places to retire in … Read more
This is a true story that is happening to one of my long-time clients. This client, we’ll call her Betty, had worked hard in her career, and planned for her retirement carefully. She knew her retirement numbers including her income floors, when she would take Social Security and what she could comfortably spend in retirement … Read more
Last week a client said he knows we pay attention to the climate and not the weather, but he still wanted our take on what he should do with his investment portfolio right now. It’s a great line “pay attention to the climate and not the weather.” And it’s true. We don’t much care if … Read more
We often received questions about why housing costs are so high. This issue comes from people in different situations; first-time home buyers, people wanting to move up and people looking to sell and realizing it’s hard to find a new home. Let’s look at home prices and see if we can shed some light on … Read more
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
Investors are awash in data 24-7 and it’s a challenge to separate what’s important and what’s noise. Carl Richards is a popular personal finance coach and author. He once asked his readers to try this experiment. He asked them to think back over the last couple of years to a time when they read something … Read more
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
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
While it is true that all 50 states allow you to write your own will, there are many pitfalls to avoid and a self-written will can be hazardous to your beneficiaries. For example, when Aretha Franklin died on August 16, 2018, she left her estate in a mess. She may have been the “Queen of … Read more
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