Category: Retirement

Two Homes, Twice the Stuff

The late, great, George Carlin had this funny routine where he said, “Have you ever noticed that their stuff is s*** and your s*** is stuff”. When we start looking at things in our life that we’ve accumulated, we need to be honest with ourselves: a lot of it is just plain junk.

The 3 Questions to Ask Yourself About Retirement

Retirement is a big life change for everybody. It’s important to try to get clear about it, and I recently came across an article that had three simple questions to ask yourself about what retirement is going to look like for you.

Downsizing the HECM Way

There comes a time in most baby boomer couples’ lives, where your kids have flown the coop and start families of their own. Initially they come visit you while their children are young and not in school or organized activities. Then comes your grandchildren’s middle school, and typically at this point, they come to visit less due to life’s busyness.

5 Top Retirement Regrets

I had a client who was a pilot that was forced to retire at age 60. At his retirement party, he had to go out to get some provisions at the store. He drove to the store, parked, turned the keys to shut the car off, and had a heart attack and died. It was shocking for everyone, and obviously a very severe reaction to retirement. However, we almost saw it coming based on the difficult time he had being forced in to retirement.

Reinvent, Re-inspire, Don’t Retire

In 1889, Otto von Bismarck, the Chancellor of Germany, came up with the idea of retirement at age 70 as a political move. A few years later, the retirement age moved to 65. The word retirement had never been used before in a government sense, it was brand new. Prior to that, people kept living on farms and doing their jobs until they died. They just lived their lives.

Five great reasons to work beyond 65 (only 1 is financial)

Estee Lauder and Peter Drucker. Tina Turner and Tony Bennett. Nancy Reagan and Jimmy Carter. These famous personalities in the entertainment, business, and political arenas have worked well in to their 70s, 80s, and 90s. They didn’t necessarily have a retirement age in mind.

Retirement Surprises – It’s the Little Things

There’s a travel axiom you may have heard, where you lay out all your clothes for a trip and you plan on an amount of money that you think you’re going to spend. Then, pack half those clothes and double the money you plan on spending! That’s the way it seems to work when we plan for our travels.

Hidden Benefits in the Sharing Economy

On a recent visit to Phoenix, I asked my Uber driver how he was doing. “Not so good,” he lamented. “I just ran TurboTax and I’m going to owe $5,000 on the $25,000 I made working outside my regular job for Uber.” He said he had to hire an accountant for the first time. I said, “Just hold on a second,” and I asked him a few simple questions about his finances. Within 10 minutes, we realized that he could eliminate all the tax he thought he owed, and he was thrilled.

Cold and Taxed!

Domiciling in Florida or another warmer climate can improve your tax situation and your tan. Just make sure you know the rules well before packing

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