Finally, the decade when you get to retire! Reaching your 60s is an exciting time for soon-to-be retirees. It can also be stressful, but that stress can be greatly reduced with some thoughtful planning before that last day of work. The first thing to do is estimate your monthly retirement income and compare this to…
There are some big changes that occur for 50-years-olds. Of course, there is the gray hair (if you have any left) and larger mid-section. But you also have some different rules for saving for retirement. We’ll get to those in a second. First, we need to talk about the big picture. Your 50s is the…
Turning 40 is a big deal. This decade of life is a time when you really start putting it all together. Once you make it into your 40s, you have tried out different occupations and gained tons of work and personal life experiences. Finally things all converge when you figure out who you are, what…
A few articles ago I started a series called life stage planning. We only got through the 20s before DOMA was repealed and sidetracked us. But now we are back to continue on through our financial lives providing steps everyone should take as they reach different ages. Did your 20s pass you by without saving…
Finances and money obligations change throughout life. A 30-year-old has different goals and money concerns than a 70-year-old. With this in mind, the next several columns of The Money Shot will focus on each decade of life providing finance tips for that phase. This week, we focus on our 20s. What a fun time with…
