The retirement question most people seem intent on answering is “How am I going to pay for it?” That’s an important question, of course, but retirement is more than just a math problem. In my opinion, we spend too much time thinking about how to get there (math) and not enough time thinking about what [...]
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Financial Checkup Checklist
Just like it’s a good idea to get a health checkup every year, it’s a good idea to get a financial checkup as well. Doing so can help you detect problems early (while they’re still treatable) and will also help you gauge your progress and make sure you’re on track for a healthy retirement. To [...]
Annual Review: 7 questions for your adviser
If you work with a financial adviser, it’s a good idea to get together at least annually to review your accounts. As we get ready to transition into a new year and as our government grapples with the issues surrounding the “Fiscal Cliff,” now may be a good time to call your adviser and schedule [...]
How aging affects your financial decision making
As we age, our brains don’t work as well as they used to. This is particularly true when it comes to making financial decisions. A recent study by the Texas Tech Financial Literacy Assessment project showed that our ability to understand financial concepts and make good decisions based on that information peaks in our 50s. [...]
5 key relationships for people over 50
“Plans fail for lack of counsel, but with many advisers they succeed.” ~Proverbs 15:22 As you approach retirement, there are five people who can make a big difference when it comes to your health, financial security, and overall quality of life. They are: 1. Your doctor Getting old is inevitable, but aging doesn’t automatically need [...]
