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Tag Archives | retirement savings

Avoid These “Stupid” Money Mistakes

“Save more, spend less, and don’t do anything stupid.” According to the late Dick Wagner, CFP, this sentence summed up financial planning. Simplistic? Certainly. But it also contains a great deal of truth.

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Term Life Insurance Can Protect Retirement Plan Contributions

Some of the typical reasons for life insurance are to replace a breadwinner’s salary, pay off large debts, and pay estate taxes. Another reason to carry life insurance—if it’s the right kind—can be to fund a retirement plan. To illustrate, let’s imagine a couple, both 55, with two grown children, two good jobs, and no […]

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How to Join the Investor Class

In discussions of the current tax reform bills, a new buzzword has popped up: “the investor class.” Every time I’ve heard this term on a political talk show, it has been used derogatorily to frame the proposed tax changes as resulting in “the rich getting richer” and the “poor getting poorer.” In every instance, “the […]

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Retirement Funds Ease The Hard Realities of Aging

At the gym where I work out it’s not uncommon to hear us old guys complaining in the locker room about our aches and pains. When the complaining subsides, inevitably someone will remark, “Well, at least getting old is better than the alternative.” If you are fortunate enough not to die prematurely, you are going […]

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Why Shifting Tuition Payments to Retirement Fund Seldom Works

College graduation is obviously a cause for celebration. When the graduate is the youngest child, some parents have an extra reason to rejoice: no more tuition payments. At the end of the college years, many parents who have chosen to fund their kids’ education find themselves behind on funding their own retirement. One popular solution […]

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