A couple I know is downsizing. Though this new house has “good bones,” it needs some renovating and a great deal of updating. The wife wants a to-the-penny budget in advance. The husband maintains that since they can’t predict everything they might need or want to do until they get into the project, any budget […]
Four Smart Money Tips for Your Home Improvement Project Read More »
Every now and then, I meet someone who tells me, “I love my work. And because of that, I’m not wild about the idea of ‘retirement.’ To me, that sounds like punishment, not paradise. Yet every time I go see my financial planner, retirement is all he talks about! Tell me: If I’m NOT planning
“Get to Work” vs. “Gotta Work” Read More »
Your spouse found a renovated lake house. The property’s beautiful, and the price is nice. But when you mention current interest rates and the risk of taking on more debt, you hear, “Babe, c’mon! Life is short. This is our chance to build some memories with the kids. Besides, if we don’t pull the trigger—and
Today’s Choices Shape Tomorrow’s Opportunities Read More »
Someone once told me: “I went to see my financial guy about retiring and all we talked about was my mutual fund’s performance! I know that’s important, but don’t I also need to be talking to an attorney about revising my will? And what about long-term care?” Not to wax nostalgic, but things used to
In a World of Specialists, You May Need a Generalist Read More »
You’re in your 50s, and you plan to retire within the next ten to fifteen years. What should you expect with regard to future healthcare costs? Expect to pay more. In 2022, overall health spending in the U.S. was $13,493 per capita, or a staggering $4.5 trillion (that’s “trillion” with a T). And healthcare costs—as
Don’t Let Health Costs Lead to Wealth Loss Read More »
Here’s a question I got a while back… “My parents have asked me to oversee the estate planning process for our family. It could be a little tricky. You see, I have four siblings. Most of us have kids, but not all. We’ve always gotten along as a family, but I’m a little worried that
Estate Planning Strategies for Avoiding Conflict Read More »
Can working a few years longer really make a big financial difference for retirees? Perhaps more than you might think. A couple recently asked me to help them evaluate their retirement options. I’ve changed the names and numbers to protect the innocent (or insolvent). Bob and his wife Vicky are 60. Their house is paid
The Surprising Benefits of Delaying Your Retirement Read More »
Here’s a provocative question someone once asked me… “If I’m aware of a group of co-workers who are stealing from our company, should I report this ongoing theft—or look the other way and just let things play out?” In other words. “Should I become a whistleblower?” Whistleblowing is when an employee of a business (or
When Should You Blow the Whistle? Read More »
We have an obesity problem in the United States. I’m not talking here about the four out of ten adults who have an excessive amount of body fat (thus risking the shorter life expectancies and increased health problems that a high BMI produces). I’m talking about the HUGE (pun intended) “financial obesity” problem in America.
Fighting Financial Obesity Read More »
21 Ways to Find More Money to Save You know you need to save money. You say you want to save money. But what do you do if you don’t see obvious ways to do so. Here are 21 creative ways to “find” money for savings. The list is not exhaustive. Some ideas will result
Creative Ways to Save More Read More »
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