28
2016
The greatest golfers in the world visualize each and every time they hit the ball. They can see the shot before it’s hit. Jason Day, the world’s #1 golfer, actually closes his eyes for about 5 seconds to concentrate on the shot. If it works for golfers, then maybe it will work for you. I’m not talking about chasing a ball around all day; I’m...
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You really need to say this a few times to understand the point. Investing in of itself really is simple. Here is a look at how simple it is: 1) Start as early as you can (time value of money) 2) Invest as much as you can (you can’t really over save can you?) 3) Invest in as many different investments that you can find...
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Believe it or not, we hear this more than ever from the people we speak with and the statistics seem to back this up. In 2000, about 11% of Americans worked into retirement. Today, it’s almost 20% and going higher according the the U.S. Bureau of Labor Statistics. Today, the US has the largest number of older workers ever. A 2015 Federal Reserve study found that 12% said they...
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There are two main components to a successful retirement, “emotional” and “financial” preparedness. Having both at retirement is the ultimate goal. I see people who are ready to retire emotionally, they just don’t have the money. I’ve also seen the other side of that equation. To retire early it’s even more important to have both. Here are a few steps to follow: 1) Reduce or...
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So for whatever the reason, you are switching jobs. Your new employer has a great 401(k) with tremendous matching and you immediately signup. But what about that old plan you have, what should you do? Here are a few options and suggestions: 1) You can leave the money where it is. You will want to check the expenses that you are incurring as well as...
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After careful deliberations you have concluded insurance will help you (or your loved ones) achieve financial success. Now I have not discussed what type of insurance, just the fact it is insurance. In my opinion the single greatest item (yes, more important the cost) is the strength of the company you are relying on. There are 4 independent agencies that rate the financial strength of insurance...
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If you’re getting close to retirement and have decided to take monthly payments from your pension, then rising interest will have little impact (today) on your decision. However, if you’re considering or have been offered a lump sum payment, rising rates can make the timing of your decision critical. Or as Donald Trump says, “This will be HUGE.” Most pensions will use the present value...
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Getting your spouse to be as excited about finances as you are may be a tall task. However, it is critically important that both parties get actively involved in the planning process. Here are a few tips you should consider when you are trying to convince your better half to be involved with your finances. Don’t pressure them: If at first you don’t succeed, instead...
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