Managing Money

For most of your adult life, the answer to that question was simple. Your money came from a paycheck. You showed up. You worked. You were paid. Taxes were taken out. Benefits were deducted. And what was left landed in your bank account like clockwork. There was a rhythm to it. In retirement, that rhythm changes…

The word “retirement” is taking on a completely different meaning in the 21st Century from what it meant in our parents’ day. Back then, retirement referred to the day you stopped work, and life thereafter looked pretty much like going on holiday…

There is a wonderful kind of privilege that comes with working hard for the last three or four decades… Savings are finally growing, the debt and/or mortgage is being paid down, and finally it feels like we can breathe just a little and enjoy life!

It’s that time of the year when tax documents start to appear. The 1099s, W-2s, Social Security, and pension statements all start arriving. And you might be wondering, did I overpay or underpay? So let’s address a common misconception…

A reader once shared something that stopped me in my tracks: “I’m not worried about how much money I have. I’m worried about whether it will show up when I need it.” This is a common mindset…

Last year, I asked the women in our community how they make money in retirement. Their answers were amazing and showed just how creative our generation has become when it comes to supplementing our income in the best years of our lives…

The use of beneficiary designations is one issue that is not well understood and can lead to much confusion. Most people think it is a simple matter of naming a person to receive certain assets by will or trust or naming them as a beneficiary of a retirement plan. I only wish it were that simple!

Everything doesn’t suddenly change overnight going from December 31 to January 1, but because we turn the page of a calendar and get used to writing a new year when we date something, it feels different. The good news is that we get to choose what we give our energy to next…

Imagine how many candidates are reviewed by recruiters and hiring managers annually. Now, imagine how many of them bring their biggest personality quirks and issues into the room. This happens at the resume stage…

Not long ago, a woman in her early 60s asked me a question I hear more often than you might expect: “My home is paid off, but I still worry about money in retirement. Am I supposed to sell it someday or just hope I never need to?” She was not looking for a loan…