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 »
It’s common to hear people say, “Fifty is the new forty” or even “Sixty is the new forty.” For the record, this isn’t some kind of “new math.” It’s a way of saying that people are doing certain things later in life—the kinds of things previously reserved for younger adults. Think of your neighbor who
Seventy is the New Sixty-Five Read More »
A few years ago, Bob retired early because he was convinced he had enough money to fund his golden years. Now he’s not so sure. Each time he withdraws money from his portfolio, he sees his balance dip and feels his blood pressure rise. (And he nearly passes out when the market suddenly drops.) Because
Three Questions for Nervous Retirees Read More »
For the last couple of weeks, we’ve been examining the two primary forms of life insurance—“term” and “whole life” (or “permanent”). More specifically, we’ve been evaluating the commonly repeated advice: “Buy term and invest the rest.” It seems so obvious. When you’re young and healthy, term insurance is shockingly inexpensive. Doesn’t it make sense to
Should I Buy Term and Invest the Difference? (Part 3) Read More »
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