By definition, you don’t recognize the signs of diminished financial capacity. You need to rely on others for this. And as you’ll see below, relying on others presents a dilemma! This is not something to be ashamed of – it’s a natural order of aging. For some slowing down comes earlier, for others later. The […]
I define the Retirement Feasibility Timeline as a method to depict the transition between the working years (accumulation) and the retirement years (decumulation). You can visually see year by year (age by age) when retirement may be feasible without any changes to what you’re presently doing, and what meaningful changes may alter that outcome to […]
The age at which most people claim Social Security (green line) is opposite to the age at which they SHOULD claim Social Security (purple line in graph above). According to The Retirement Solution Hiding in Plain Sight: How Much Retirees Would Gain by Improving Social Security Decisions, “retirees will collectively lose $3.4 trillion in potential income […]
Preface Financial planning software today is still a calculation-based approach that derives a supposed solution that most in the profession call a plan. Under the current paradigm, there is much more to be desired. Those desires are currently limited by the perspectives and interests within the software provider community that is also driven by the […]
“What do you get when you combine two popular rackets these days – identity theft and mortgage fraud? A totally new kind of crime: house stealing.” Quoted from the FBI’s website by the same title “House Stealing.” That’s right! You end up NOT owning your home! You may think this is an old story based […]
Many people don’t see the big picture of investing. They can’t see the forest for the trees! Below are three (3) big picture things when it comes to investing. Many focus so much on returns NOW instead of what investing is supposed to do for them over the long term. Markets are always uncertain. The COVID-19 Coronavirus pandemic […]
As the Coronavirus continues to put people of all walks of life in hospitals and on ventilators, the necessity of incapacity planning is starting to hit home. The question now isn’t so much “what if I die?” (although there’s that, too), but “what if I’m unable to speak for myself? Who will take care of […]
Your Fears are the stories you tell yourself … the outline of fear mirrors the outline for story telling. Here are some key points Karen makes in the video below. Fears focus on a fundamental question … what will happen next? The answer often focuses on the story about all the things that might happen […]
Pandemics, like the diseases themselves, run their course. The coronavirus will also run its course, as will its impact on global markets. This article isn’t about COVID-19, though it is important to know What to do if your sick … by the CDC. Rather this piece is about human nature and investing, and by extension, […]
The SECURE Puzzle This article will discuss HOW a heir may distribute Required Minimum Distributions (RMDs) over the 10 year period that results from the SECURE Act of 2019*. The pertinent details of the Act relevant to this article will be discussed later. The below applies to any qualified retirement funds an heir may inherit. […]
