It’s one thing to save for retirement, building a nice stable nest egg that will take you through your senior years. And you’ll have Social Security benefits to look forward to, and maybe even a pension and a401K. Establishing a monthly income for yourself is an excellent way to manage your money so you don’t overspend. Knowing what you need to liv...Read More
Downsizing means to make something smaller. No matter if that ‘something’ is an old CD collection or the big pile of junk in your garage. But when you’re facing reducing everything you own so you can retire to a neat little cottage for a well-earned life of leisure, it’s another matter altogether. It’s your whole life! Downsizing: Here’s What You N...Read More
By now, many of us have already gone through the process of downsizing. Or, at the very least, we have sorted through our items and organized our life a bit.
One day you’re celebrating the first day at a new job. The next thing you know, toasts are being raised at your retirement party. With each passing year, the hands on the retirement clock spin faster. That’s why it’s wise to establish milestones — at 10 years, five years and one year out — to fine-tune investment strategies, buffer against market v...Read More
Yes, we already know that growing older means you’ve accumulated a good deal of wisdom and entertaining stories (and a few bad jokes…thank Uncle Peter!!) However, on the flip side, there’s a sharp downside, too. What are the most annoying things about getting older? Dealing with illness financially and emotionally. The cost of healthcare can easily...Read More
Three weeks. That’s how long it’s been since my wife and I purchased our his and her cellphones. The first week we had a moment of weakness—similar to when the Democrats selected Hillary Clinton to be their candidate. I still don’t know what happened but we got so excited that before we knew it we were unpacking the cell phones from their box—it wa...Read More
Social Security is a tricky little entity. It’s a good one, we get steady monetary payments throughout retirement, but the details are somewhat elusive. For example, it’s difficult to budget your retirement if you don’t know how much you have to work with – what’s your monthly income? Social Security is an important lifestyle factor, so getting an ...Read More
Think you’re too old to embark on a business venture? Tom Chappell, of Tom’s of Maine fame, doesn’t think so. The 75 year-old sold off his all-natural dental line to Colgate in 2012 for a cool $100 million. Considering those details, the then 70 year-old could enjoy a very comfortable retirement. Instead, he’s embarked on a new venture, starting fr...Read More