fbpx

What’s Your Number? 65… 66… 67… 68

By |2022-09-10T19:49:36+00:00May 24, 2022|Retirement Income Planning|

  No, we’re not counting sheep or bottles of beer on the wall today. We’re talking about retirement age! Most Americans, according to CNBC, are hoping to retire by the age of 62. Wishful thinking? Maybe. 62 is also the age at which people can first claim Social Security retirement benefits, so long as they are eligible based on their work records. However, you should know that the age you start claiming benefits can affect how much you get! If you wait until full retirement age [...]

Comments Off on What’s Your Number? 65… 66… 67… 68

When Gauging Progress Towards Retirement, Avoid Fixating on a Single Number

By |2022-09-10T19:49:37+00:00May 10, 2022|Retirement Income Planning|

We’re used to assessing our wellbeing through metrics. Newborns are immediately given a numbered assessment for things like skin tone, breathing, and reflexes. School children regularly take standardized tests to determine their grade level in reading and math. High schoolers focus on their GPA and SAT scores. And as adults our routine check-ups involve tests with dozens of data points—our health by the numbers. In each case the metric comes with the question: How does this compare with others? We want to know that our kids [...]

Comments Off on When Gauging Progress Towards Retirement, Avoid Fixating on a Single Number

Retirement Investing: When Boring is Good

By |2022-09-10T19:49:38+00:00April 26, 2022|Investment Management, Retirement Income Planning|

If a friend describes the latest spy novel as “about as interesting as watching paint dry,” or a review says the plot of an award-winning film “is like watching grass grow”—you take that information as a warning. The book and the movie are boring. And the last thing you want when you’re looking for entertainment is to be bored. But when it comes to managing your finances and saving for retirement, boring is good. First of all, it’s proven to be the most effective way to [...]

Comments Off on Retirement Investing: When Boring is Good

6 Tips for Happy Retirees

By |2022-09-10T19:49:38+00:00April 19, 2022|Retirement Income Planning|

  When most people think about retirement, they tend to think of it in terms of numbers. “How much money do I need to retire?” “How are my investments doing?” “Are all of my income sources going to cover my expenses?” “Will I run out of money?” And yes, the tangible details are important (it’s the cornerstone of everything I do!) but we can not afford to ignore the intangible. That’s how to make sure that you are happy when you finally stop working. After all, happy [...]

Comments Off on 6 Tips for Happy Retirees

Healthcare Costs: A Risk to Your Retirement You Should Be Planning For Now

By |2022-09-10T19:49:39+00:00March 15, 2022|Retirement Income Planning|

Saving for retirement has been likened to climbing a mountain. It’s an ambitious goal. It requires long-term effort and an experienced guide. Progress is sometimes slow as you work your way around obstacles. But when you finally reach the summit, you can just relax and enjoy the view. That’s the idealized version, anyway. In real life mountain climbing, the risks don’t stop when you reach your goal. They simply change. And you find yourself facing a new set of hazards. For example, a climber who reaches [...]

Comments Off on Healthcare Costs: A Risk to Your Retirement You Should Be Planning For Now

How Saving for Retirement Creates Resilience—Financial and Otherwise

By |2022-09-10T19:49:40+00:00March 8, 2022|Retirement Income Planning|

It’s the wish of every parent that their children will experience a better standard of living than they did. And yet, people who grew up poor and are now raising their kids in affluent surroundings talk about a downside. Never having experienced want, their children simply take their comfortable lifestyle for granted. New York Post columnist Karol Markowicz writes about what it’s like to raise rich kids after growing up poor. As a child of new immigrants she recalls her mother getting out the flannel sheets and [...]

Comments Off on How Saving for Retirement Creates Resilience—Financial and Otherwise

Why Worrying About the Things You Can’t Control Holds You Back From Reaching Your Goals

By |2022-08-19T17:08:47+00:00March 1, 2022|Financial Market, Retirement Income Planning|

We have a friend who’s a devoted fan of his university’s football team. When he watches them play, he wears a team hat and hopes they win. When they lose, he puts the outcome in perspective. There’s always next week. It’s only a game. But he didn’t used to be this philosophical. Several years back he was truly a fanatical fan. He was deeply invested in the outcome of each game. He disliked the opposing schools and their fans. He detested his team’s longtime rivals like [...]

Comments Off on Why Worrying About the Things You Can’t Control Holds You Back From Reaching Your Goals

The Kind of Inflation You Can Control

By |2022-08-19T17:12:39+00:00February 15, 2022|Retirement Income Planning, Theus Wealth Advisors|

A friend who sold cars for a living once pointed out a prestigious imported brand and stated that, in general, anybody you saw driving one really couldn’t afford it. His evidence was, of course, anecdotal. But maybe not too far off. People like paying more than they ought to for nice cars. Edmunds reported that in 2020 70% of car loans were for a period of longer than 5 years, a jump of 29% within the past decade. And at the same time the average monthly [...]

Comments Off on The Kind of Inflation You Can Control

Millennials Expect to Work During Retirement

By |2022-08-19T17:15:26+00:00February 8, 2022|Retirement Income Planning, Theus Wealth Advisors|

Younger generations are often unfairly characterized by their elders. In the late 1960s the Greatest Generation, who grew up during the Depression, accused baby boomers of being anti authority. Some were. When their turn came, the baby boomers said that the millennials (those born between 1980-2000) were lazy and entitled. Some have been. But this “young” generation (the oldest of whom are now in their early 40s) has proved to be anything but lazy and entitled when it’s come to saving for their retirement. According to [...]

Comments Off on Millennials Expect to Work During Retirement

Why “Get Rich Slow” Could Be the Best Way to Save for Retirement

By |2022-01-25T12:41:25+00:00January 25, 2022|Investment Management, Retirement Income Planning|

The Biggest Loser, which ran on NBC from 2004 to 2016, was a reality-TV hit for a number of reasons. It dealt with a concern of many Americans (losing weight). It revealed the personal struggles of the contestants who were often overcoming lifelong challenges with food. And it delivered the results everyone wanted to see. The contestants lost considerable amounts of weight (100 lbs. on average) in a relatively short period of time (30 weeks). Each season, the finale would reveal who had lost the most [...]

Comments Off on Why “Get Rich Slow” Could Be the Best Way to Save for Retirement
Go to Top