Showing 50 results of 511
The foundation of a sound financial plan is often built on details and protections that, if ignored, can threaten everything you've worked hard to achieve. This week we're exploring essential but ofte...
A revocable living trust is great for avoiding probate but won't shield savings from long-term care costs. Consider a Medicaid Asset Protection Trust instead.
Lawmakers are floating several ideas about how to shore up Social Security. One involves changing the annual cost-of-living adjustment.
I will go first. I have been with the same company for 25 years. I have seen many people come and go. One thing that stand out to me in my place of work is once you hit a certain age a target gets sl...
On another thread someone mentioned selling their large home upon retiring and using the proceeds to rent an apartment. I've also seen posts of people selling their larger home and purchasing a condo,...
When I first read today’s article, it resonated immediately. I knew that I had to share it as my “Best Of The Month” guest post. The article put into words […] The post Living An Analog Life appeared ...
How is your Social Security benefit actually calculated? In this episode, Roger explains how you qualify for retirement benefits, how your earnings history determines your benefit, and why the age you...
It’s been a while since I’ve done a reader case, so I thought I’d grab one from the ol’ inbox. So here we go! Dear Kristy & Bryce, Firstly- thank you so much for all you do! I have been reading your b...
At the end of the year, I am retiring at 60 (wife retired last year). We have a 5 year pension that starts in January and essentially replaces my income. We have always lived below our means and will ...
The era of "raise them until 18 then they're on their own" is long gone. Childhoods are lengthening and so is the scope of parents' financial involvement. Where parents of the past might have seen the...
The last 10 years of my working life I was happily single (following a long happy marriage and raising a loving family). I put all my energy into my work which I enjoyed and I finally retired last y...
Many people assume that only major decisions move the needle on wealth. However, lifestyle creep can sabotage savings goals without you noticing. Each time you choose to upgrade your car, expand your ...
Even as seniors are living longer, their overall health in old age appears to be improving and they are living relatively healthy lives for longer,
I will be 62 in about 2 months and thinking of retirement. We moved back up north to help her family during Covid but I am originally from the south and we lived 20+ years in Florida. I prefer the war...
I’m retired a few years earlier than I meant to do, and have been living on my IRA for the past year, and will also live on it for the coming year, until I’m able to start claiming SS as well. I don’t...
Schedule a Free Financial Assessment with an experienced professional: https://bit.ly/YMYWassessC Today on Your Money, Your Wealth® podcast number 595, Joe Anderson, CFP® and Big Al Clopine, CPA spitb...
My wife and I own a home in Middle GA and we like it here but we are open to moving to place with: affordable housing (buy probably, comfortable but not fancy, no HOA, ), safe, clean, low cost of livi...
For many people, the goal in life is to have enough wealth that you can pass it on to people or organizations you care most about, and your advisor should be a key partner in helping you with that est...
I'm considering retiring in a few years at 60 and pursuing a masters at a public university in Italy or France. Possibly a degree in international development, environmental risk assessment, etc. that...
Free retirement training for people within 10 years of retirement and $1M+ saved. Watch “The Sequoia System Training” here: https://learn.rootfinancial.com/0ce92d ======================= This is the q...
I can't believe it… It's been 10 years since I left my job! What a wild ride it's been. I'm more content with my life/finances than I've ever been before, but I'm also more unsure about what the futur...
Beyond skipping assisted living fees, staying in your long-time home cuts everyday costs. Here are five unexpected ways aging in place saves you money.
Free retirement training for people within 10 years of retirement and $1M+ saved. Watch “The Sequoia System Training” here: https://learn.rootfinancial.com/ad021b ======================= I've spent 15...
This week, Advisor Perspectives published my article entitled, “Social Security’s Short‑Term Crisis: What Advisor’s Must Prepare For.” The primary purpose of this article was to focus on possible solu...
I write before my kids wake up and after they go to sleep. That's the arrangement. It means I'm free during summer, winter, and spring breaks, along with weekends, which is the whole point of building...
Sustainable retirement spending begins with quantifying the present value of your essential expenses and then allocating the remaining funded status toward discretionary “menu items” such as travel, h...
Retirees face nonstop disruption — from inflation to technology shifts — reshaping expectations, recovery time and what it means to feel secure in retirement.
How much money do you actually need to retire? Many people approach retirement with a specific number in mind—$1 million, $2 million, or another target they believe will finally make them feel financi...
Free retirement training for people within 10 years of retirement and $1M+ saved. Watch “The Sequoia System Training” here: https://youtu.be/7lpp3XXiDyQ ======================= You probably think the ...
The backstory, so you understand how I got here: My brand-new husband died unexpectedly six and a half years ago (right before covid), and had no life insurance. Luckily, I make good money, so it didn...
I’ve tried to come up with all the pros and cons but maybe I’ve not thought of everything? My husband just retired and I have one or two more years left. We live up north near children and grandchildr...
Has anyone here either moved to New England or relocated within New England for retirement? I lived and worked on Boston's Northshore for 35 years and miss it during the summer and fall (not so much i...
Hi everyone, My wife and i are hoping to retire in about 7 - 10 years, ultimately my question is have I forgotten anything important in my calculations. My wife will retire with a full pension and i w...
Not sure which sub to post this on. A little financial planning, a little healthcare but retirees probably are most familiar with this situation. Retired couple 61/60. Cobra about to run out. Looking ...
Everyone says to "invest for the long term," but what does that actually mean when you're approaching or living in retirement? As part of our "By the Numbers" series, in this episode, you'll learn: Wh...
My stepdad died last month. My mom’s been in and out of the hospital since then (broken heart?). As a former engineer, I have a mindset to observe and then improve things. It’s just how my brain works...
There are no two ways about it: Inflation will affect your retirement savings. But you can plan for rising costs without losing the lifestyle you want.
It usually is not a good idea to name a trust as an IRA beneficiary, because heirs often are penalized with higher taxes. There are a few exceptions to the general rule.
Zero tax on retirement income sounds great, until you can't find a doctor. Here's how five "tax havens" compare on healthcare, property taxes, and living costs.
High fuel prices and the cost of living have made vacations much more expensive. Will going away this year put you in debt or affect your long-term goals?
Florida retirement not what you expected? You aren't alone. Explore the top four half-back states offering affordable living options closer to family.
I recently retired at 63.5. Currently 65 (M). Wife is 61. I see that most of the posts on here and other threads are worried about running out of money at the end of retirement. I get that. No one wan...
Back in 2018, I wrote that households need to earn $300,000 a year to live a middle-class lifestyle in an expensive coastal city. The internet was not pleased. I was called out of touch, delusional, a...
This American moved to Spain and now saves thousands in health care, enjoys a lower cost of living, made new friends, bought property, and lives a fulfilling life abroad
Planning for retirement can feel overwhelming, especially as you approach the transition from earning a paycheck to relying on your savings. The early phase of retirement brings unique challenges, and...
The amounts they want you to have saved by retirement age can be a little overwhelming if you have slacked off and not saved earlier in life. But then I realized these models are assuming you’ll live ...
Money will only get you so far in the pursuit of happiness. Find out how to make the shift from accumulating wealth to living a life that brings you real joy.
Wealth means net worth, cash flow, and lifestyle security. See benchmarks by age, generation, and income to put your numbers in context. The post How Wealth Is Defined: U.S. Net Worth Benchmarks appea...
Consumption smoothing is how you keep your standard of living stable across a lifetime of income changes, career shifts, and retirement. The post Consumption Smoothing: What It Means and How It Works ...
This week Roger explains why rebalancing is one of the most important disciplines in retirement planning. In the Retirement Toolkit, he explores the difference between a traditional investment allocat...