Managing Money in Retirement

Years ago, I coined the term ‘cheap luxury’ in my household, but I think it is a good time to spread it around. See if you think it has meaning for you. The term first arose, if I am not mistaken, over a jar of mustard. We were in a supermarket…

You have likely heard of IQ (Intelligence Quotient, a test measuring intelligence relative to others) or EQ (Emotional Quotient, a measurement of the ability to identify and manage your emotions and the emotions of others). But have you heard of PQ?

What are the odds of getting hit by a bus? 1 in 495,000. Not happening to me, right? But what are the odds that you’re going to die someday? Exactly. I always say this topic is about WHEN not IF something happens and you are no longer…

As we age, our financial priorities and needs change. Once you reach the age of 60, it’s crucial to take a step back and evaluate your current financial situation to ensure that you’re on track for a comfortable retirement…

Just before the end of 2022, the SECURE 2.0 Act of 2022 was signed into law as part of the Consolidated Appropriations Act of 2023. One of the changes included in the Act delays the age for required minimum distributions from IRAs…

Chemistry class is where I first heard the term “litmus test” used where it is literally a test (usually a paper strip) that determines if a solution is acidic. In politics, a litmus test is a question asked of candidates to determine if their nomination proceeded…

A recession is a big drop in economic activity that happens all over the economy and lasts more than a few months. In real life, a recession is when unemployment increases, more businesses fail, and the economy is generally in bad shape…

Don’t think about it, just give me your first reaction when you read, “How do you feel about money?” Feel is the important word! Do you feel scared, remorseful, angry, sad, or hurt? Or perhaps you feel elated, joyful, proud, appreciative, or giving?

For many women, the years after 60 are dominated by the transition into retirement. Finally, all the savings and investing you’ve been doing for decades feel real. Your last day at the office isn’t out of reach; you can start pulling money…

In the case of a divorce, it may seem obvious why you don’t want the same financial advisor as your husband, but things get murkier when you’re talking about the assets you and your husband own together as you both age. Here are some reasons…