Do You Need an Emergency Fund in Retirement?
Most retirees struggle with how to deal with their emergency fund. It’s there to help you deal with, well, emergencies. Retirees are just as prone to emergency as others, if not more so.
What Happens to Your Pension If Your Former Employer Goes Bankrupt?
Pensions, along with Social Security, are the core of most people’s reliable income in retirement – they’re what many people plan to live off of, or at least use to cover their most essential expenses. If you’re receiving a pension, or have one coming, you’ve probably contributed to your pension fund for years, maybe decades, […]
4 Steps To Prepare Your Retirement Portfolio For The New Year
The end of the year is a great time to get your financial house in order. As the market bounces along throughout the year, your portfolio bounces right along with it. Every once in a while, you need to give it a checkup. And it’s not just rebalancing your investment portfolio (though I cover that in step 4) – you need to make sure your entire financial picture is in good working order.
Should Legacy Goals Be Part of Your Retirement Plan?
Figuring out how to plan for your legacy goals is a nice problem to have. But that doesn’t mean you shouldn’t worry about it. Whether or not legacy goals are part of your plan can seriously impact what your retirement will look like. Including them means you’ll have less to spend on yourself (and you’ll […]
5 Ways You’re Sabotaging Your Retirement
It seems that no matter how much information is out there, people are still hitting retirement with little or no preparedness at all. Here are 5 of the most common ways people are sabotaging their retirement.
How Flexible Is Your Retirement Spending Plan?
A lot of expenses are negotiable, but many just aren’t. You have to buy groceries. You have to pay your homeowner’s insurance premiums. You have to go on that golf trip this winter (this one may be open to debate). As we’ve discussed in the past, it can be very useful to break expenses down […]
Diversification Works In A Crisis (But It Doesn’t Work Miracles)
There are a lot of myths about diversification. Today, I want to address a pernicious lie floating around out there that diversification only works when times are good.
How to Use Life Insurance
Life insurance can be confusing. Especially since so many people want it to be. But it doesn’t need to be. Life insurance is one of the simplest financial tools out there – as long as you use it correctly. There are two basic components to your wealth: Your Financial Capital – All the stuff you […]
How Does Diversification Actually Work?
Diversification is a good thing. Nearly everyone agrees that it’s just about the only free lunch in finance.
But not many people stop and think about how diversification actually helps them, beyond the general “don’t put all your eggs in one basket” argument.
A Simple Way To Keep Your Portfolio In Line
Investing isn’t simply picking the best funds or building your perfect portfolio. Keeping your portfolio in line over the long term is just as important (if not more so).
