Don’t worry about the things you can’t control and concentrate on the things you can. With the markets reaching all-time highs last year, many people are wondering how long it might be before they retreat, how far they might decline, and how long they might be down.
When most people think of retirement planning, they think primarily of the financial aspects of retirement. How much will I spend each month? How much money do I need to have accumulated to create an income large enough to cover those expenses? When should I claim my Social Security benefits? Will I outlive my money?
One of the most frequent concerns of clients and prospects is nearing retirement is what can I be doing today to make sure I can retire in the next 5 years. So, I have compiled a list of 9 recommendations for what to do when you are 5 years from retirement.
Retirement should be a time of rejuvenation, joy, and adventure. But for many, it is a time of uncertainty and worry. There are so many details and decisions to be made: How much income can my savings provide? Will I outlive my nest egg? Will I be able to afford healthcare in my later years? What about long-term nursing home care? When and how should I claim my Social Security? Who can I trust to give me unbiased information about my concerns? How do I get organized and simplify my finances?
On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [10:29] And this week’s financial planning topic is Why Investing is Difficult, a review of the mechanics and behaviors that can lead to successful investing.
It seems in the 21st century it is harder and harder to keep your eyes on your own paper and focus on your own goals and dreams instead of joining the rat race to keep up with the Joneses. With Facebook, Instagram and other social media platforms giving us a glimpse into everyone’s lives it can be extremely hard not to compare how you are doing financially to others.