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Will you spend less in retirement?

A common rule of thumb is that you can live in retirement on about 70 percent of your pre-retirement income.  Should you bank on that?  Will you really spend less in retirement?  Well, I’ve got good news and bad news.  The good news is, yes, you will spend less in retirement.  The bad news?  Most […]

the happiness paradox

How much is enough?

How much is enough (a.k.a. How much do I need to have saved to fund my retirement)? When it comes to retirement, that’s the question I get asked the most.  The answer is (not surprisingly) different for everyone.  Some can live like kings on $50,000 per year.  Others would have a hard time scraping by on […]

20 tips to ensure a nice nest egg in 20 years

(Note: This is Part 2 in a three part series that I did for the Omaha World Herald on retirement planning for different life stages.  I’m re-posting it here for all of you who don’t live in snowy, freezing Omaha!) Forty-five is an interesting age.  It’s like the Junior High of aging.  Too old to fit […]

Retirement Budget Worksheet

Much of your retirement planning will revolve around your retirement budget.  It will help determine things like: How much you need to save When you can afford to retire What types of things you can afford to do What your income sources will be during retirement How sustainable your distribution strategy is With that in […]

Hurry up. You have plenty of time.

“You’re going to die in 48 hours.”  If a doctor gave you that diagnosis, would your plans change for the next two days?  Absolutely, right?  You would be racing around like a madman (or woman) saying goodbye to family and friends and tying up as many loose ends as possible. Now imagine that the diagnosis […]