Brain_090407

Investor Discipline – What’s that?

This brief slideshow discusses some elements necessary to recognize that our emotions and reactions to investing and markets often hurt results. Our brains are NOT wired for investing. Discipline and a focus on what you can control are important to success. There is an investing approach that is based on discipline and evidence from research in […]

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Apple_Color_OneScanner

You don’t need a scanner anymore

Goodbye scanners! Apps have been out for some time that make scanning as easy as taking a picture. Then save it and send or share it. If you don’t have a scanner – one of these might be useful. Microsoft Office Lens Microsoft Office Lens for Apple by iTunes Microsoft Office Lens for Android DocuScan for […]

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Investing_money

Will working longer, or part time, increase, or decrease, my Social Security benefit?

Most people don’t know how their Social Security benefit is determined. Being unaware leads to this very common question – Will working longer increase, or decrease my Social Security benefit?   Working longer, even part time, will NOT reduce your benefit. And in some cases, may increase your benefit. The below short article explains in […]

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20000

DOW 20,000 … the more things change, the more they stay the same!

DOW 20,000. Is that good? Or is that bad? Guess what – this is simply another way point much like DOW 15,000 was, or DOW 10,000, or pick any DOW number. The Power of the Markets Markets don’t know your specific emotions and behaviors – so the markets march on ignoring them. It is best […]

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Worried_People_4

Social Security, Divorce, Remarriage, Survivor – confused yet?

When it comes to Social Security, divorce, remarriage and/or being a survivor of any spouse may get confusing. You’ve had a complicated life – what do you do when it comes to Social Security? Workers generally receive their own benefit based on their own work record IF that benefit is higher. Spouses may receive a spousal […]

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Schild_Pension_Wöhlerstrasse_1

Federal employee pensions and Social Security confusion

There can be confusion about Federal Employees and Social Security about CSRS, FERS, and something called “CSRS offset.” Let’s see how these federal retirement plans interact with Social Security. The Civil Service Retirement System (CSRS) was enacted in 1920 to give federal employees pension benefits at retirement. When the Social Security Act was passed in 1935, […]

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Dad and child

When does the family maximum apply to Social Security?

Social Security does have a maximum payout called the Family Maximum. It may apply to families who are retired, family survivors, and families of a disabled person receiving benefits. There is a formula for the benefit which is complicated. Your Social Security statement specifies what the maximum benefit may be. The values the formula uses […]

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COS_09

How might you replace lost income as a survivor?

Most people don’t realize (or do, but don’t plan for it) that, as a couple, there is lost income from Social Security automatically built in. I discussed examples in a post titled “Social Security and Survivor Considerations.” In this post, the question is … How much money* is needed to replace that lost income? First, the […]

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Model

Just where does the fear of outliving our money come from? Part II.

The foundation to answer where does fear of outliving money come from was laid in yesterdays’ post (Part I). Why is all of this important? The fear of outliving your money also (there’s another reason listed below) comes from behaviors of the present self not considering the impact of present actions on your future self. Chile’s […]

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nov2016jfp_webcvr

Just where does the fear of outliving our money come from? Part I

You see the headline all the time that has something to do with basically these four words: Risk, Outliving, Longevity and Money. The viewpoint that you may outlive your money because of increasing longevity (people are living longer) is based on a faulty assumption! That assumption is built into calculations the profession uses when estimating retirement […]

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