When to retire is a very personal decision. What this article so poignantly points out is that we are all making this decision every day based on our lifestyle. It’s important to save, and put your money to work. The more assets you have accumulated, the more choices you afford yourself later in regards to your… Read more »
What sets you apart from the “Warren Buffet’s” of the world?
According to a recent survey by Bankrate, 61% of Americans do not know how much money they need to save in order to retire. That number is absurd! Experts recommend a million dollars safety net for retirement. As per Bankrate’s survey, 8 percent believe they need $250,00 or less and 15 percent of respondents believed they… Read more »
Workers in their sixties and older are transforming retirement as they retire. Forty-two percent envision a phased transition to retirement that involves shifting from full-time to part-time or working in a different capacity. While the majority of these workers think their retirement transition will take place at their current employer, few say that their employers… Read more »
When we think of retirement, we typically think of those individuals age 65 or older, otherwise known as seniors. When engaging in a discussion about seniors, the tendency is to focus on health care and aging issues. However the reality is we are living longer, healthier lives and these 65 year olds are still fully… Read more »
Cognitive Bias Series: Part 3 Enjoy these two brief videos that highlight twelve common cognitive biases in our thinking. This will complete my 3 part blog series on cognitive biases in an effort to help you become more aware of some biases and identify ways to overcome them.
Retirement is a journey. It is a thoughtful process taken with a lot of care and provisions. Retirement is not an overnight task and takes years to create a meaningful retirement journey. When you begin this endeavor, you must know the milestones that lie ahead. Once you hit certain age landmarks, various retirement processes begin…. Read more »
Cognitive Bias Series: Part 2 The idea of retirement has changed, and we need to look at things differently. Instead of just making sure you have enough money to retire, you need to take the time to consider what retirement will look like for you? Identify ways to use some of your money to enrich… Read more »
Take a look at this episode of Last Week Tonight with John Oliver. Oliver discusses very important ideas about your retirement journey. You must be aware of various things when planning your retirement journey. When choosing your financial advisor, do your research. Some firms are not looking out in your best interest. They are looking at the… Read more »
The more we have, the more we spend. The biggest spike in spending occurs when our incomes make their big first jump: after we turn 25. We begin to gain traction in our careers and momentous life changes. Each age group has different priorities and responsibilities that they need to focus on. Those who are… Read more »