Archive | 55 & younger

Holiday_spending,_Creating_budgets_for_traveling_expenses,_bills,_gifts_can_prevent_going_into_debt_111117-M-DU612-007

Spending Shocks, Budgets and Savings: Working and Retired

Whether you are still working, or retired, most people haven’t structured their budgets for spending shocks. In truth if you spend less than you could, regardless of working or retired, you build in a buffer that helps keep stress on your financial life lower. Most recognize the below as logical. Yet, many spend everything that comes […]

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72 breakeven years

Younger than 59 1/2 and need money from your IRA?

Most people are aware that they need to wait until they’re 59 1/2, or older, to withdraw money from their IRA without tax penalties. Many are unaware that they could, if needed, withdraw money from their IRA without penalty. This post isn’t about what is called 72t or Substantially Equal Periodic Payments per se. There […]

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Bau

What the Young Need to Know of Wealth

… and the not so young too. Turns out that the shift from benefits to contributions has caught the unaware and unobservant off guard. Long ago families lived near each other and took care of each other. With industrialization across the globe families began to move to industrialized centers (which became cities) and family care […]

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Arieh_L__Popik_with_his_wife,_parents,_children_and_grandchildren_in_1955

Who benefits when Social Security changed?

Changes needed for Social Security to be better funded often ignore a simple point – who benefits from the change? Short answer – anything done, to improve funding, benefits our children and grandchildren. Social Security is a multi-generational program … people forget this when they view it as a government program and mentally picture government (bad) […]

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Do_It_Yourself_-_Manchester_Road_-_geograph_org_uk_-_1753001

Real Do-It-Yourself Investing @AdviceIQ

From home-schooling our children to shopping at Home Depot, we’re increasingly a do-it-yourself culture, bypassing professionals to save. Why pay for professionals or experts when investing? DIY can play a role when you handle your money, just maybe not the role you think. Original blog … Do It Yourself (DIY) Investing? … that inspired my syndicated article below. […]

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reverse mortgage

Is a Reverse Mortgage right for you?

Short answer, it depends! I’ve written about reverse mortgages here before – mostly about how they can blow up the best laid plans by people not fully understanding what they’re doing – thus, unexpected consequences from misunderstanding. So this piece is about getting to understand them so you may be able to use the untapped […]

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Pragmatic Capitalism

Pragmatic Capitalism – a brief review.

Pragmatic Capitalism. This is a great summary of many difficult topics to get your arms around normally. Roche does a good job summarizing many complex interrelations such as what is money, what you really do with your money in the economy, what the banks do and how the Federal Reserve, our central bank works in […]

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past present future

“The Personality Trait That Predicts Financial Health” @ThinkAdvisor

How you view your past, present and future appears to have an impact on your financial health. Here’s a great summary “The Personality Trait That Predicts Financial Health – Study finds it’s critical for financial advisors to understand how their clients think about time” By Gil Weinreich, ThinkAdvisor . Key points in Weinreich’s article: “Zimbardo — an emeritus […]

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Statman-Retirement-Groups

Are You Headed for Retirement Disaster?

Gone are the days of work, golden watch and retirement with a pension. Few companies offer pensions today and government workers are also being shifted to retirement savings plans where they contribute instead of being solely employer based. Longevity was shorter when pensions were the rule so the pension plan was on the hook for […]

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