Managing Money in Retirement

I still recall an impactful conversation that took place several years ago, shortly after my book was published. While attending a community luncheon, I was seated at a round table with several couples. We exchanged pleasantries over salads and iced tea…

Your 60s are a time of tremendous change. You may be preparing for retirement, entering retirement or recently retired. It’s a time where your finances may also be changing; a crossroads of sorts. So, what can you do with your finances…

You’ve worked hard, saved diligently, and now you’re stepping into retirement – or maybe you’re already there. But as you change AND the world around you continues to change, it might be time to fold in some new knowledge! One of the smartest things you can do right now?

It’s Christmas Day and Angela, 74, is sipping a cup of coffee in her son’s living room. A beautiful Christmas tree stands in the corner covered with ornaments and bright colorful lights. The room is filled with the warm and delicious smells…

I invite you to take yourself off of autopilot mode for a minute when it comes to how you and your significant other handle your finances. Research suggests that half or more of our daily activities are driven by habits, done with little or no conscious thought. I would argue…

Getting older brings many changes, including how we see things. When I was younger, I always felt a thrill when I had a new sofa – or perhaps some garden furniture – arriving. Now I think to myself, Would I rather buy something new (which may well outlive me…

When economic anxiety spikes, most people turn to the same recycled list of financial tips: build an emergency fund, live below your means, pay off debt. These aren’t bad ideas. They’re just the wrong tools for the moment you’re in. By the time a recession hits…

I am positive that you or someone you know has experienced a scam. No matter which technique was used, the resulting behavior is known as an “amygdala hijack.” The brain’s fear and threat response center, the amygdala, was triggered by criminals to elicit strong…

Does this sound like you? I like my life right where I am. I know there is a lot going on in the world. I keep abreast of it but can’t do much about it all. Inflation has sky-rocketed prices. So I’ve adjusted my spending. Geopolitical and market headlines…

Purchasing an immediate annuity is a straightforward way to turn a lump sum into a steady, guaranteed income stream that lasts for the remainder of your life. Many retirees use the savings accumulated during their working years to buy an immediate annuity because it provides…