The aim of retirement planning while working is to accumulate shares. The aim of retirement planning once retired is to conserve shares! Both working or retired, the aim is share management! The value of each share goes up and down over time. Shares are the store of wealth. Dollars are simply a measure of spending […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). Social Security is often dismissed or minimized by many when it comes to retirement planning. This is a mistake since Social Security forms a firm foundation that you can’t outlive. People don’t recognize the […]
Psycholology of Money: Timeless Lessons on Wealth, Greed and Happiness by Morgan Housel is a timeless work about how our feelings, emotions and interactions with money often results in different outcomes for different people – because people are different. So, insights into how to think and behave about money is instructive. You may think you […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). What is inflation? In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, […]
When you Google “retirement planning” you typically get results about 401ks or investing. On the search topic of retirement, you get few results on how to plan for, transition into, and/or prudently sustain income once retired. The term “retirement” brings to mind, and Google finds results on, the savings and investing part. However, the use […]
1-minute video: Is (a Little) Debt a Good Thing? Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). I make a subtle, but important distinction, with debt categories in the post “Basic Steps to Reducing Debt.” I refer to both education and car […]
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 […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). A primer on how compounding works. Over time, the effect is to have the money earned on your money, including interest, grow into ever larger sums. But, this takes time, so the sooner you […]
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view). For those over age 62, a reverse mortgage may be a useful tool. Fundamentally, they turn an illiquid asset into money you can spend. However, they shouldn’t be used “just because you can,” but […]
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 […]
