How Much Will You Spend When You Retire? Will you have enough money to make ends meet? You may have heard that people spend less once they are retired. Statistically, that is true. The question is whether a retiree has enough income to...
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Building an Emergency Fund Everyone should aim to have a cash reserve. We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can be...
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Do Our Attitudes About Money Help or Hurt Us? We may need to change them to better our financial prospects. Our relationship with money is complex & emotional. When we pay a bill, go to the mall, trade in a car for a new one, hunt for a...
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Saving $1 Million for Retirement How can you plan to do it? What kind of financial commitment will it take? How many of us will retire with $1 million or more in savings? More of us ought to – in fact, more of us may need to, given...
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Should the Self-Employed Plan to Work Past 65? Some solopreneurs think they will “work forever,” but that perception may be flawed. About 20% of Americans aged 65-74 are still working. A 2016 Pew Research Center study put the precise...
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Key Estate Planning Mistakes to Avoid Too many people make these common errors. Many affluent professionals and business owners put estate planning on hold. Only the courts and lawyers stand to benefit from their procrastination. While...
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Are Millennial Women Saving Enough for Retirement? The available data is more encouraging than discouraging. Women 35 and younger are often hard-pressed to save money. Student loans may be outstanding; young children may need to be...
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The Rough Consequences of Not Saving for Retirement Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of...
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Keep Calm, Stay Invested Expect more volatility, but avoid letting the headlines alter your plans. Recent headlines have disturbed what was an unusually calm stock market. The political uproar in Washington may continue for weeks or months...
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Beware of Emotions Affecting Your Money Decisions Today’s impulsive moves could breed tomorrow’s regrets. When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to overreact – or not act at...
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At a certain age, you are allowed to boost your yearly retirement account contributions. For example, you can direct an extra $1,000 per year into a Roth or traditional IRA starting in the year you turn 50. Your initial reaction to that may be...
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At some point, someone you love may make the transition from living at home to residing at an assisted‐ living facility or nursing home. When should that transition occur, and what factors must be considered along the way? And what don’t...
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