One of the first things we suggest when creating a retirement financial plan is to look at your income and your expenses. For many people, a foundational source of income is Social Security. But if you’ve been paying attention to the news lately, you’re sure to know...
It’s been said that volatility is a tax that investors have to pay for harnessing the wealth-building power of the financial markets. But rationalizing market fluctuations doesn’t make them any less nerve-wracking, especially if you’re nearing retirement age. Some...
There are many reasons why people who could retire are hesitant to do so. Some people think they need to wait until they’re 65 or older. Some are worried about running out of money. Many parents want to keep supporting their children through some major life...
We tend to overestimate what we can accomplish in the short-term and underestimate what we can accomplish in the long-term. The frustration that results is one big reason why so many New Year’s resolutions die before spring. But if you use these key strategies that...
A Hamster on a Wheel Have you ever watched a hamster running in a wheel? All that running, all that effort, day after day after day … But the poor little critter never really gets anywhere, does he? Many of us feel the same way about our money. More specifically, we...
How are you going to ensure a fulfilling life with the money you have once you retire? Study after study has shown that retirees who spend their time and money on experiences are much happier than those who just buy stuff. Charitable giving can be a particularly...
Many soon-to-be retirees struggle to imagine their week without work. All those blank calendar days can be exciting, but they can also be overwhelming. But once you actually retire, you might find that your daily routine isn’t quite as different as you expected and...
“Does this spark joy?” Millions of people are asking themselves this question about their homes and possessions thanks to Marie Kondo and her wildly popular decluttering philosophy. Once the kids move out, it’s just you, your spouse, and whatever is still boxed up in...
Many folks who have just begun working with a CFP® are surprised by how the planning process starts. We don’t begin by talking about IRAs, 401(k)s, or how much you’re saving. Instead, we begin by talking about you, rather than your money. Putting Your Life Before Your...
We all know that when the markets turn down, the time can be fraught with peril and be a risk to our long-term savings. No one likes to see a downturn in the market, especially those who are nearing retirement. In fact, for many such investors, a market correction is...