David, I have a dilemma that may sound ridiculous but hear me out. I’m in my early 50s and want to retire for what feels like forever now but I can’t for the life of me calm my anxiety to leave so much money on the table by forgoing employment. I have $4 million dollars […]
One of the problems I have with goal setting is that I often set too many goals. Indeed, I’ll make a whole list of goals I want to accomplish – only to have most of them fall to the wayside. That’s the problem with setting too many goals. Many of us can’t do that many […]
We all know that health care costs continue to skyrocket, but how many of us consider what those rising costs will mean for retirement? Gone are the days when retirement meant a lifelong pension and health care. Even some current retirees who were promised these things are having the rug pulled out from under them […]
“As a rule of thumb, you probably shouldn’t be taking a nap now since it’s a workday,” my daughter told me the other day. And she’s right. She told me on a Monday too. Plus, I was being lazy all morning. All in all, it’s been a fantastic start to the week. Don’t Rely Too […]
When Social Security was established in 1935, the average US life expectancy was 60 for men and 64 for women. Now, it is 75 for men and 81 for women even accounting for a one-year drop across the board due to the pandemic. This means that women and men were pretty much expected to work […]
The rule of thumb for retirement states that a comfortable retirement requires you to replace 80% of your yearly income. But a retirement study from Morningstar found that a typical American retiree’s income replacement rate in retirement ranges from a little under 54% to over 87%. For those who fall into the lower end of […]
