Articles

8 Critical Things to Do Before Buying a Home

Posted by on Apr 21, 2016 in Articles, Uncategorized | Comments Off on 8 Critical Things to Do Before Buying a Home

So you’re finally ready to get serious and buy a house — chalk it up to the amazing spring weather, or maybe a precious bun baking in the oven, or that much anticipated promotion at work. Whatever the reason, you feel primed to start poring over listings and spending your weekends open-house hopping. Exciting! Yet while you might feel prepared for this next giant step, just remember — there’s a lot of planning and prep work that goes into this purchase, even before you start to look at homes. So make sure you’ve...

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How to Detox Your Finances This Spring

Posted by on Apr 19, 2016 in Articles, Uncategorized | Comments Off on How to Detox Your Finances This Spring

Spring is one of my favorite times of the year. The weather is warmer, which means my daughters no longer have to look like Ralphie’s younger brother from the movie A Christmas Story. This also means that I can’t hide indulgences in chocolate and comfort foods during the winter behind big sweaters. Our family tradition is to do a cleansing of our bodies and home to welcome in a new season. As I was talking about this to a girlfriend over ice cream (O.K., the cleansing will start next week), she mentioned that she wished she could do this for...

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How to Decide If You Should Run a Business in Retirement

Posted by on Apr 15, 2016 in Articles, Uncategorized | Comments Off on How to Decide If You Should Run a Business in Retirement

Consider how a small business could fit into the retirement lifestyle you desire. Older workers often have the necessary knowledge and expertise to start a business to gain extra income during retirement. But there are many angles to consider before you decide to run a business during your retirement years. There are financial challenges regarding the start-up funds and cash flow as well as lifestyle considerations, such as how much time you want to spend running your business. Here’s how to tell if starting a business in retirement...

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Retirement Isn’t About Losing Identity

Posted by on Apr 13, 2016 in Articles, Uncategorized | Comments Off on Retirement Isn’t About Losing Identity

It’s a chance to create a ‘second act.’ When my friend Lowry was 87 years old, she happened past a neighborhood travel agency in Glendale, California, a city where she’d lived for more than 20 years. She noticed a young man standing in front of the window, peering in. He looked to her like a man who was burning to go in and buy a ticket to a faraway place, but something was stopping him. The fleeting moment was so profound for her that she took it as a sign to make a change in her life. Lowry, a grandmother who taught...

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How to Free Up Money to Put Toward Retirement

Posted by on Apr 7, 2016 in Articles, Uncategorized | Comments Off on How to Free Up Money to Put Toward Retirement

With a few tweaks, you can find more money to invest in your future. According to a recent survey by the TransAmerica Center for Retirement Studies, 61 percent of people currently in their 40s expect to either work past age 65 or not retire at all. The numbers weren’t much different for survey-takers in their 50s, with 59 percent expecting to work past age 65 or not retire at all. It’s no secret that Americans have some work to do when it comes to saving for retirement. Nearly every authority in the personal finance and retirement...

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How to Rightsize Your Retirement

Posted by on Apr 5, 2016 in Articles, Uncategorized | Comments Off on How to Rightsize Your Retirement

About a third of Americans between ages 50 and 64 plan to move within the next five years or so, according to a survey by the Demand Institute. Some baby boomers – especially those who have been renting all their lives or who never moved up from their starter house – actually plan to spend more on their homes in retirement. But more often than not, the baby boomer move will involve downsizing. They will trade in the old family home for smaller digs, perhaps in a less expensive neighborhood. Putting the old house on the market and clearing out...

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The 3 Biggest Financial Surprises for New Retirees

Posted by on Mar 31, 2016 in Articles, Uncategorized | Comments Off on The 3 Biggest Financial Surprises for New Retirees

Now that 2015 bonus checks have been issued and stock grants have vested, thousands of executives will retire from their companies on March 31. After working for decades, they are ready to enjoy life with few worries, thanks to solid financial planning. But for some, the financial plan they’ve taken years to craft may be disrupted by unexpected events. If that happens, your financial plan, expectations of travel abroad and lifestyle choices may need a major overhaul. Having helped hundreds of corporate executives plan for retirement...

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3 Times It’s Smart to Take Social Security Benefits at 62

Posted by on Mar 29, 2016 in Articles, Uncategorized | Comments Off on 3 Times It’s Smart to Take Social Security Benefits at 62

One of the toughest choices for Americans approaching retirement is when to start taking Social Security benefits. You can claim as early as age 62, but waiting longer to file can boost your eventual monthly payments substantially. Although most of the advice you’ll see suggests that waiting past age 62 is the smartest decision, there are some situations in which filing as early as possible is in fact the best move. Situation 1: If the Windfall Elimination Provision will affect your retirement benefits For most workers, the Social...

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5 Hard Truths About Money Even Smart People Forget

Posted by on Mar 24, 2016 in Articles, Uncategorized | Comments Off on 5 Hard Truths About Money Even Smart People Forget

We’ve all been there: You’re thinking so hard about how to solve a problem that you don’t notice the solution is right in front of you. Smart people do this all the time, sometimes overcomplicating their personal finances. By overlooking simple financial truths, otherwise intelligent people can make a mess of their finances. Take a look at some of these simple financial truths. Which ones deserve more of your attention? Behavior significantly affects the results of financial plans. Even the most intricate financial plans are not immune to...

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The 3 Best Money Exercises to Build Your Bank Account

Posted by on Mar 22, 2016 in Articles, Uncategorized | Comments Off on The 3 Best Money Exercises to Build Your Bank Account

Americans are so financially out of shape these days, they pull a muscle just thinking about saving money. Two in three Americans don’t have enough money in savings to afford a $500 financial emergency. Nearly one-third of households making $75,000 or more a year occasionally live paycheck-to-paycheck. Some workers believe they’ll work until they drop dead or become too sick. It’s an epidemic. Much like working out, a variety of excuses keep millions of people from saving money. Perhaps you think you’re too busy to budget, too young to worry...

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