One of the greatest worry’s for anyone who is retired, is running out of money. Of course, if we knew how long we would live it would make the process much less stressful. We could simply spend down our assets so they would run...
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Many people have heard about reverse mortgages. They are hyped on TV, radio, magazines and many brokers recommend them aggressively. As a financial planners we have considered them as a possible solution for those who are concerned about outliving their resources. The primary issue...
Perhaps the single most important factor in reducing financial stress is managing cash flow. In their book The Millionaire Next Door, Dr. Thomas Stanley and William Danko explained this financial principal as “I make plenty of money but there is too much month!” This...
Is the Bull market over? Are rising interest rates going to hurt bonds? What about the volatility in the Chinese stock market? Markets seem so shaky! Many people are worrying if they should do something with their investments. What should they do? I have...
Many employers provide or share the cost of health insurance, for their employees. This is a wonderful benefit. Since many receive it as part of their benefits package they often are not knowledgeable about plan provisions, costs and benefits. For people contemplating retirement, prior...
Last blog we shared some ideas about how boomers may be able to retire on less money than many experts suggest. One of the topics we mentioned was lowering the cost of housing. We will explore that topic in more detail today. Many people...