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Tag: retirement spending

Will A Senior Living Facility Cost Your Kids An Inheritance?

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...

Emotionally Shift from Saving to Spending

  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...

Reality of a Million-Dollar Retirement

Watch 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 will afford. It’s reasonable to...

Retirement Spending on Safety a Good Investment

Watch this video on YouTube Want to increase your independence in retirement? Save money? Live safely in your own home? Then buy a new car. No, this isn’t a scam or a seedy sales pitch. In certain cases, a new car can be a wise use of your retirement dollars. As...