Managing Money in Retirement

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…

In the United States, since the late 1990s, financial experts and educators identified a significant gap in financial knowledge among young people. An effort began to designate a special day of the year to educate youth about essential money management skills…

For many women over 60, monthly expenses aren’t just rent, electricity, and the phone bill. They might include a grandchild’s daycare, helping an adult child through a rough patch, supporting a family member’s health care and/or pet care (because let’s be…

One common misconception about savings I hear bandied around a lot is that you have to have a LOT of it to have a safe, secure future. This belief often leads to financial paralysis, where people either feel overwhelmed and don’t start saving at all, or they stash money…

The days of one spouse taking charge of the family finances are long gone, right? I wish that was the case. Over the years, I’ve edited a number of books aimed at helping women master the basics of personal finance and investing…

Jokingly, we have all heard, and then chuckled, the phrase, “Why do today what you can put off until tomorrow?” We call that procrastination. Wikipedia’s definition of procrastination is the act of unnecessarily postponing something despite knowing that there…

The stress of choosing between paying off debt and building savings can wreck your sleep. You’re juggling your all-day, every-day bills, trying to pay down that remaining debt, WHILE saving for your future. It’s A LOT to think about, and hard to know…

“With great power, there must also come great responsibility.” This quote from Spider-Man speaks to the consequences of our actions and the beliefs that frame our behaviors, especially when they affect many people. What does a line from Spider-Man have to do with women over 60? More than you may think. My previous article and […]

You provide a lot of personal information to your financial advisor (FA). In turn, your FA should provide you with an even greater amount. Most importantly, your FA should communicate that information and their advice to you in a way that you understand…