The takeaway: The perfect setup for outliving your money is not knowing where it goes. This post helps you figure out where the money went and provides a juicy look at what others your age are earning and spending. Don’t outlive your money! $$$ Part 3 in the Don’t Outlive Your Money Series. (Updated 1/18/23) … [Read more…]
The takeaway. Out-of-pocket medical bills could be your biggest expense in retirement. Research suggests that over the life of their retirement, a couple can expect to spend an average of $315,000 on such expenses. Below are seven ways to stop the sting, or at least reduce the pain. $$$ Recently, Mr. Boomer-Money-and-More got into a … [Read more…]
The takeaway: The Coronavirus and your nest-egg should each be treated the same way during this crisis: maintain social distance. Take the long view. History shows that, in time, the market will return to its recent highs, and eventually surpass those highs. Beware the flight to “safety.” For now, understand basic nest-egg management principles. $$$ … [Read more…]
The takeaway: There are four ways we Boomers ruin our retirement lives. The only time we really hear about these four ways is when a pro athlete makes the news for squandering millions and being broke. Bulletin: We Boomers are just as capable of squandering our lifetime earnings and ruining our retirement lives. Avoid these … [Read more…]
The takeaway: The landmark Trinity Study shows the odds your retirement nest-egg will last as long as you do. Developed by finance faculty at Trinity University, the results of this landmark work apply to nest-eggs with lots of stocks–or lots of bonds. Take note ye readers fearful of stocks! The Trinity Study builds on the … [Read more…]