Once you’ve had this discussion with your financial planner and she’s able to confirm the viability of your retirement, on paper, it’s time for one last game of trial and error. However, this time around, we’re going to lower the stakes by installing a giant safety net.
No matter what you decide, just make sure you don’t come to depend on bonuses. That is far and away one of the biggest unforced errors.
The first rule of discretionary spending is to make the category discretionary, not the amount. Living a “no limit” lifestyle is the aspiration for many, but it’s unhealthy and wasteful.
I’ve long thought ages 47 to 53 were the most financially challenging years of a person’s life.
We all know certain people who, at their deepest core, are dependable. We trust these people, and we typically give them opportunities to help us accomplish what we need to accomplish.
Knowing when to get back in is significantly harder than knowing when to get out. This is why I choose to do nothing different.
There are at least four common uses for an annual net worth calculation. And depending on the purpose of your calculation, you might or might not decide you want to include your home equity.
For instance, roughly seven of 10 pre-retirees plan to work for pay as a means for retirement, while in retirement. When in reality, the 2021 survey finds just over two in 10 retirees end up working for pay as a source of retirement income.
Dear Pete, My husband and I realized we may have a weird little conundrum. We got into a zone in our early and mid-50s in which we lived frugally in order to secure a sustainable retirement. Now we’re retired, and we’re afraid we’re squandering some very active and healthy years due to the frugal habits […]
Most of the guilt people feel about spending money on unnecessary things arises from knowing they aren’t making tomorrow easier.
I never imagined commerce screeching to a halt, leaving millions of Americans paralyzed with fear and struggle.
Retirement has two primary elements, and they’re shockingly obvious at first glance. You must navigate the financial and the non-financial aspects of retirement.
I’ve come to learn that three areas need to be addressed when teaching teens how to handle money. They all feel intertwined, but they aren’t.
Of course, you want your adviser to know his stuff, but how he communicates those concepts can be the difference between a good relationship and a bad one.
I’d now like to introduce you to my candidate for the most difficult financial task a person must accomplish in a lifetime: decreasing an established lifestyle.
The housing market is red-hot, the travel industry is on the verge of poetic justice earned by a year lost, and certain consumer goods are increasingly difficult to find.
New grads will face many challenges, but if they address the retirement challenge from the very beginning, everything else will fall into place.
Twenty years ago, you took action on a major hole in your financial plan and then spent the last 20 years making the best of the time you bought yourself.
The trick is to understand whether you’ve put yourself in a position to ignore the financial ramifications of a seemingly fortuitous opportunity.
The way I figured, as long as I didn’t have a storage unit, or even a garage I couldn’t pull my car into, I was doing just fine.
