“Retirement Is NOT Like Vacation”

A client told me this the other day and I’ve been pondering ever since. I think he’s right, although I suspect that many people who are considering retirement think just the opposite. That is, many pre-retirees think retirement is like endless vacation. Well, it’s not. Vacation is typically a time with no worries and little change. … Read more

Three Phases of Retirement Spending

There are fewer hot topics in retirement planning than how much you should expect to spend once you retire. On the one hand, you won’t be spending for work-related activities so maybe you will spend less. On the other hand, health care costs will likely rise until you are eligible for Medicare. You may think … Read more

Time is Your Friend

Note: I first wrote this blog post in 2017. None of the words have been changed. Read the post and note the point with this perspective. Warren Buffet, the legendary business owner, said, “Time is your friend. Impulse is your enemy.”  He was referring to the value of compound interest and the suggestion to not … Read more

Time to Read a Good Book?

Here are some of the best books on retirement planning: What Color Is Your Parachute for Retirement by Bolles and Nelson How to Retire Happy by Stan Hinden The New Retirement by Cullinane and Fitzgerals Don’t Work Forever by Steve Vernon How to Retire Happy, Wild and Free by Ernie J. Zelinski All of these … Read more

Warning to Men: Turning Age 62 May Be Hazardous to Your Health!

A study by the National Bureau of Economic Research (NBER) examined the reasons that there is a “robust” 2% increase in male mortality immediately after age 62. Women don’t suffer from this phenomenon. The study speculates there are three possible reasons: First, the paper notes that individuals frequently stop working or reduce work levels at this … Read more

What Are Your Retirement Risks

We all face risks in our daily lives.  These include small but irritating risks like losing a cell phone or a  minor car accident. Then there are the big risks like poor health and death too soon. Classic financial planning axioms say there are five ways to deal with a known risk: Prevention, Reduction, Shift … Read more