Someone once said that to know where you're going, you must know where you are NOW. That will change as often as circumstances change. What sorts of changes? Well, death of a spouse is certainly a life-changing change that effects everything. Deaths of trustees/executors are important to consider. The housing crisis a few years back [...]
Consider the goat. The first time a goat comes in personal contact with an electric fence, well, it remembers the lesson from then on. I have even seen animals teach the lesson of a bad personal experience to OTHER animals, who then avoid the situation themselves, thus preventing the negative experience for themselves! Not so [...]
What drives your financial decisions? Is it Greed? Fear? Common sense? Some Psychologists say that most financial decisions are made by most people in that order. The highest percentage starting with Greed, then Fear, and finally common sense. It has been my experience that that order may very well be correct. Let's discuss each of these: [...]
It's well known that on the average woman lives up to seven years. longer than men. This means that they have a greater need for retirement planning since they will be retired longer, and will need more funds. The problem is that many women, during their prime earning years, bring home 70% of the [...]
Sustainable income, exactly what is it? How could income be sustainable? What happens when interest rates drop or you live too long, how can it sustain itself? Those are good questions and the answer might seem too good to be true. However, it is true if you understand how to create an Income for Life. [...]
According to a recent CBS news report, the sales of fixed index annuities reached a staggering $19.2 billion in the USA for the fourth quarter of 2016. There has been an evident rise in the interest of the public towards the fixed-index annuity, as the sales of this plan for the same quarter last year [...]
It may be "old" news (anything older than 30 days is old news), but the recent Wells Fargo scandal highlights the need for more Wall Street scrutiny. Wells Fargo, one of the oldest, most respected names in the brokerage business got it's hand caught in the cookie jar. Over 5000 advisors nationwide involved in fraudulent practices...a $185 [...]
Many people stay in the market too long because they want to increase their earnings by just another bit. This particular strategy can have a nasty ending.
When you look into your crystal ball, where do you want to be in 10 years? Do you plan to be retired? Still working at a job you love or hate? The bigger question is: WILL you have enough money in retirement and is your retirement account sustainable?
Retirement is a time for looking back at our accomplishments, and then looking ahead to the next exciting chapter of our lives. Retirement will bring new challenges, and the adventure becomes dealing with these new challenges. You need to enjoy your golden years with a sound retirement plan. It's never too late.