Okay, were you REALLY that much happier in your life back when your investments were worth 25% more? Probably, but research says that wealth is only part of the happiness equation. In years like 2022, it might be important to remember that. Thanks to Alert Reader Sean Sullivan for passing along this article from…
What is the Inflation Reduction Act of 2022? Is it just a lesson on being more careful when naming laws? Is it an inflation law, a climate law, or an insurance law? As with all laws, it’s complicated so here are three things you may find helpful in the new regulations. Drug costs for…
But the decision to focus on saving for a house before you pay off your student loans is one you should make in the context of your total financial life. Two to three financial goals are the most anyone can work on at one time. CLICK HERE FOR THE FULL ARTICLE
“Remember, the physical guardian of your kids doesn’t have to be the same person as the monetary guardian…It doesn’t have to be the same person handling the emotional and financial well-being of the minor children.” CLICK HERE FOR THE FULL ARTICLE
Ah, the books, debates, software applications, and gnashing of teeth around the perfect order to tap into retirement savings. Herewith, two reasons I think the conversation is overblown, followed by three ways to think about the mysterious Order of Withdrawal. CLICK HERE FOR THE FULL ARTICLE
Kristin Sullivan, owner of Sullivan Financial Planning, also embraces the cautious approach saying, “if you truly need the stability of cash as an emergency fund or for expenses coming up in the next 12 to 18 months, you need to let go of beating inflation as a goal.” “Instead, calculate the smallest amount that needs…
“You could call it business, but it’s really more of interesting ways to look at life in general.” CLICK HERE FOR THE FULL ARTICLE
If you’re getting close to retirement or you’ve just retired, you need a more conservative mix of investments to generate immediate retirement income. Sequence of return risk could be your greatest enemy, and CDs are a solid portfolio option to help fend off this risk and generate near-term income from your nest egg. “The good thing about…
Believe it or not, a retirement in the near future is feasible, some financial advisers said. How much money someone needs to accumulate before retiring depends greatly on the individual’s circumstances and numerous factors. If you expect a shorter life expectancy and can live off $3,000 a month, you’d be right under the typical 4%…
If you’ve owned your house for a long time, you probably have substantial equity in it. People who are 62 or older can tap that equity in the form of a reverse mortgage. Instead of you making monthly payments to the bank, the bank pays you: a lump sum, monthly payments, or a line of credit that…
