The takeaway: The perfect set-up for outliving your money is not knowing where the money goes. Some of you lovable miscreants don’t know where all the money goes. As such, you don’t really know how much income you’ll need in retirement or what expenses will and won’t carry over into retirement. *No problem!* (Almost.) 😉 … [Read more…]
The takeaway: Boomer, beware the retirement replacement ratio. Contrary to belief, it doesn’t help Boomers figure out how much money they need to retire. The retirement replacement ratio may be fine for early- to mid-career workers, but not for Boomers who are on the brink of retirement. This post explains why. Have a look! $$$ … [Read more…]
The takeaway: To not outlive your money you need to know three things. This post covers the first thing: how long you need the money to last. Life expectancy tables, DNA, and X-rays aren’t necessarily destiny. Don’t underestimate how long your money should last. $$$ Greetings, Boomer. Last summer I was eating a family lunch … [Read more…]
The takeaway: With or without insurance, long-term care could cost you a bundle. This post is designed to help ensure you don’t spend money to protect against something Uncle Sam might pay for. However, if Uncle Sam won’t pay, this post can help you decide if long-term care insurance is worth it. Should you decide it … [Read more…]
The takeaway: Rebalancing your portfolio can account for nearly 90% of your investment results. This post is a step-by-step guide on rebalancing. Making money is hard. Managing it shouldn’t be. $$ Happy New Year, Boomer! I caught up with my cousin Vinny during the holiday. (Ok. Not his real name…) He said he’d read my series on Asset Allocation. … [Read more…]