When you retire, where will your money come from? The list is fairly short: Social Security, a pension, working, your assets, children, or public assistance.
Tag Archives | retirement savings
“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.
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 […]
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 […]
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 […]