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18 Risks You Face In Retirement

Planning IN retirement is not the same as planning FOR retirement. Once you quit the rat race, you generally have a different set of concerns than when you were working. And even when the same concerns do remain, the solutions, many times, are different. Planning for retirement revolves around building up your assets, whereas the …

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Retirement Income Puzzle

“I have to admit, at first, it was really overwhelming, and I would get stressed about putting things together. Now, it’s like trying to figure out a puzzle piece, and I love that.”  – Selena Gomez Planning for retirement is easy. Well easier than planning in retirement, at least. When saving for retirement, “all” you …

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4 Ways the SECURE Act affects you

The Setting Every Community Up for Retirement Enhancement Act of 2019 (aka The SECURE Act — how they seem to reach at times to make the acronyms fit), has finally become law. The SECURE Act has several provisions in it, some encourage small businesses to start offering retirement plans to their employees, and other provisions make tweaks …

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Social Security Bankruptcy? No.

And keep your retirement; And your so-called Social Security – Merle Haggard (Big City) I am a huge Merle Haggard fan, but I must admit this may be the worse financial advice ever mentioned in a song.  Social Security is the bedrock on which our retirement income is built.  How important is Social Security?  A …

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Work Transition

Retirement – withdrawal from one’s position or occupation or from active working life -Merriam-Webster Dictionary I hate this “official” definition of retirement. And it’s not just the dictionary that thinks of retirement this way; most people view retirement this way too.  Our issue is that it makes retirement sound like the end of possibilities when, …

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Useless Advice

When it’s said and done we haven’t told you a thingWe all know that Crap is King; Give us dirty laundry!  Don Henley “Dirty Laundry” GQ magazine just published an article bashing the financial advising industry (“The Personal Finance Industry Is a Scam”).  Given my profession, it is reasonable to assume I would have issues …

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Unknown unknowns

“There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.” – Donald Rumsfeld I remember when Secretary Rumsfeld spoke about unknown …

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It Just Doesn’t Matter

Near the end of the classic movie “Meatballs”, Bill Murray inspires his group by telling them not to worry about the score, and ends with a chant of “It just doesn’t matter.” Yes, I know I skipped over a few jokes in between. This scene came to mind as I was putting recent market moves …

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Wisdom to Know the Difference

God, grant me the serenity to accept the things I cannot change,Courage to change the things I can, And wisdom to know the difference. – Reinhold Niebuhr Maybe you have seen the Serenity Prayer before, maybe you have not.  I grew up with it as a refrigerator magnet in our kitchen.  The third line is …

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