Articles

8 Critical Things to Do Before Buying a Home

Posted by on Apr 21, 2016 in Articles, Uncategorized

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 got all your mallards in a row first! Use this...

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How to Detox Your Finances This Spring

Posted by on Apr 19, 2016 in Articles, Uncategorized

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 her finances. Here are some financial areas I...

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How to Decide If You Should Run a Business in Retirement

Posted by on Apr 15, 2016 in Articles, Uncategorized

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 might work for you. Consider the cost. Before you...

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Retirement Isn’t About Losing Identity

Posted by on Apr 13, 2016 in Articles, Uncategorized

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 business for nearly six decades, packed her world atlas...

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How to Free Up Money to Put Toward Retirement

Posted by on Apr 7, 2016 in Articles, Uncategorized

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 arenas has been touting the very real need for...

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How to Rightsize Your Retirement

Posted by on Apr 5, 2016 in Articles, Uncategorized

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 decades worth of possessions can involve a lot of...

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