Budgeting is boring! There is no other way to describe it. Tracking all your expenses and inputting them into categories created in one of those financial programs can be tedious. Even the online services that connect to your banking account require monitoring and correcting. It is no wonder that most people never even attempt to…
Most folks in their 70s are retired. However, that doesn’t mean you are done with retirement planning! There are still things retirees should be doing every year. One of the tasks to do each year is to update your net worth statement listing all of your assets and liabilities. It doesn’t need to be complicated….
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 We only got through the 20s before DOMA was repealed and sidetracked us.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…
There are many situations where you need to figure out where to invest your money. Maybe you left a company to take a new job. Or maybe you are retiring. Do you leave your money at the old company? If not, where should it go? Or let’s say you want to fire your current brokerage…
