Tag: retirement spending
Feb 17, 2025
Dying Broke. It’s a goal for those retirees who embrace the idea of spending their hard-earned wealth during their lifetimes. Their aim is to enjoy the fruits of their labor while they can and spend the last penny just as they take their last breath. The concept feels...
Feb 3, 2025
Sorry, any children of Boomers who may be hoping for a big inheritance someday. We’re spending your legacy. This is the finding of a recent Schwab survey of more than 1,000 high net worth Americans that highlighted a generational divide in intentions for passing on...
Sep 19, 2022
One popular money script is, “I need to leave an inheritance to my kids.” Yet choices that parents make based on this money script can actually result in both failing to leave an inheritance and even costing children money. Here is one way that might happen. My town...
Jan 20, 2020
Nearly 40 years of financial planning experience has taught me that retirement is one of the most impactful emotional transitions in life. As you face the shift from earning a paycheck to relying on sources other than work for your income, it is normal for...
Apr 2, 2018
Reality of a Million-Dollar RetirementWatch this video on YouTube Retiring on a million dollars. The idea may evoke images of lavish retirement homes or luxurious travel. But let’s take a closer look at the real lifestyle that $1 million of retirement savings...
