Category: Retirement

Retirement Habits

You’re probably well aware that car insurance rates for young people are very high. This isn’t surprising, given that they’re inexperienced and more likely to get into accidents. They may be able to drive a car, but there’s a difference between that and really knowing how to drive a car. They have to think about split-second decisions, whereas an experienced driver does so automatically.

How to Transition Into Retirement

Ready! Set! Reinvent! That’s the title of our new two-module, 12-lesson course on the topic of pre-retirement. Retirement is something that requires a lot of planning, and if you’re thinking you will be retiring in the next few years, there are five key things to consider to help you plan.

Which Game Are You Playing With Your Money?

Board games and card games can be a whole lot of fun, and they can be especially appealing when you’re looking for something to do on these cold winter nights, but don’t want to leave the house. Of course, they’re not very much fun if you’re playing with the wrong set of rules or if you’re just confused about how to play the game.

Are You In Charge of Your Retirement?

In the military, you always know who’s in charge and who’s in control. There’s a chain of command that everyone understands, there are orders to follow, and strict accountability for following those orders. It makes things clear because the “who, what, when, where, and why” are laid out for you.

10 Things You Should Know Before Retiring

In the last decade or so, we have had at least a dozen clients who, upon retiring, found themselves in situations where parents or other family members were in dire need of help. This came up as soon as they retired. All of them were so thankful that they could actually put in the time to take care of their loved ones, most often their aging parents.

4 Programs to Help With Financial Situations

One of the things we do here at Coyle is put together various kinds of programs to help people through different major issues. In fact, we have four separate programs available that you can either take or download to assist you with a variety of financial situations.

Want to Avoid Un-Retirement?

“Just when I thought I was out, they pull me back in.” That’s a famous line from Michael Corleone played by Al Pacino in Godfather III. I know you remember that line and, believe it or not, it has a lot to do with un-retirement.

Transitioning to Retirement

Back when I was 21, I was on the regimental staff at West Point. This “old” guy, a major—who  was about 36—said to us, “You are now them.” I answered, “Them?” He came back with, “You know, you’re now in charge. You’re now in a position of authority.” I didn’t like that. I liked being us. I didn’t like being them. Honestly, that was the first major life transition I remember where I thought, “This is not fun,” but, of course, I got through it and went on.

Do You Have Money Phobias?

The other day I was looking up phobias and found that there’s a phobia for everything: wind, water, knees, snakes, and all sorts of other things. You name it, there’s probably a phobia associated with it. It’s just how we are as humans. As a society, we have a lot of various phobias. In fact, Transamerica released their 18th annual study in late 2018. It includes a retirement survey that explored the three greatest fears of those heading into retirement. The survey findings aren’t surprising:

Tax Friendly States

You may not know it, but I lived in Alaska for three years. I absolutely loved it, even though it’s very cold. But now, there’s another reason to love Alaska. A recent article from Kiplinger lists the 10 most tax friendly states and guess which state got number one: Alaska. Even so, I’m not sure how many people would actually want to move there. The next two on the list are Wyoming and South Dakota. These are all cold places, so they’re not necessarily the best places to live out your retirement years. The article lists five states that are in what most people would consider the cold northern climes and five in warmer, southern climes. The five warmer states are Nevada, Florida, Georgia, Kentucky, and Mississippi. But the actual point of the article isn’t about climate; it’s to bring up things to consider—such as tax friendly status—if you end up moving to one of these places, especially during retirement.

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