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. […]
“Aging and getting older can be ‘a mean Rubik’s Cube, in which several different sides of your life are turning simultaneously.’ As while good genes increase longevity, they can also increase the cost of living and duration of retirement. Married couples often find support with one another, but spouses typically don’t age equally well, and […]
“More and more recent research is finding that our friends and social interactions are essential to our medical, psychological, and social well-being as we age. Which is a challenge for retirees, in particular, as they age, as everything from reduced mobility to the outright death of friends can shrink our social circles and opportunities to […]
“When it comes to happiness and well-being in retirement, having enough money to retire may help, but it turns out not to be a primary driver of happiness in retirement. Instead, retiree satisfaction is much more driven by what retirees actually do with their time in retirement. Accordingly, the authors of a study leverage the data in the University […]
What is “Lifestyle Creep?” “Lifestyle creep occurs when an individual’s standard of living improves as their discretionary income rises and former luxuries become new necessities. The rise in discretionary income can happen either through an increase in income or decrease in costs.” Lifestyle creep can occur when your young when income tends to continue to rise. […]
Under Social Security rules, if a person receiving a benefit becomes entitled to a different benefit, that person may switch to the new benefit if it’s higher. This switching is one of the most important ways clients can maximize their benefits, but they don’t always know how or when or even if they can do […]
When you plan for retirement, I talk a lot about Social Security rules and strategies, such as when to claim benefits, how to coordinate spousal and survivor benefits, and how continued earnings (or lack thereof) may affect future benefits. This is all good. But once you have considered your options and decide on your strategy […]
So, your child is in high school. For some parents, the concerns about the next step to college begin to enter your minds. When should you begin to think about college for your child? As early at the 9th grade! Here’s why? The ignored Preliminary SAT (PSAT) can open invisible doors not imagined or seen. […]
Most people invest willy-nilly (without any planning or order). Taking some basics from journalism may help most people get better results (expectations) when they approach investing. Answers to questions about Who? What? When? Where? Why? and How? “…are questions whose answers are considered basic in information gathering or problem solving.” https://en.wikipedia.org/wiki/Five_Ws . They’re very fundamental […]
