Illustration: The Aesop Tale of the Hare and the Tortoise The flaws of comparing two different things using just one metric … Should you try to compare different investments with each other simply by balances alone? Markets have been going up [at the time I write this] and people feel good when they look at […]
https://stocksnap.io/author/directmedia Working and Social Security Benefits Most people are not aware of the Social Security earnings test, or income limits, if they claim benefits while still working prior to reaching their Full Retirement Age (FRA) [FRA is THE MONTH & YEAR you are eligible for 100% benefits. Before FRA, benefits are reduced. After FRA, benefits […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). When it comes to retirement, most people have as their fundamental goal to maintain their lifestyle, or what I call their Standard of Individual Living (SOIL). But, just what is your lifestyle today? How […]
Please note: The purpose of this simple exercise is to get the BIG PICTURE about your lifestyle and the total amount you spend … in the first place! Go from general impressions of your lifestyle to informed insights via the easy exercise explained below. Why is this important? Because it is easy to fall into […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). This video explains a simple exercise to help women, and men, focus on what’s important to them. Once you know what you want to focus on, it is easier to have money purpose too. […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). My years of experience has shown me that women often make better decisions about money than men. Women and men do think differently about money. That’s a good thing! It means more than one […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). Many people don’t fully realize how important time is to their savings and investing. If you start early, you can actually save less each month, and come out further ahead, as compared to delaying […]
Well written, easy to read, no financial background required, on why financial crises happen. The author puts together a very well-developed argument as what causes financial crises by looking at many historical events worldwide and piecing together the data to support this insight. Note: This post was written some months ago and scheduled to post […]
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 […]
