Here are five retirement planning mistakes and how to deal with them, courtesy of ColoradoSpringsOver50.com.
1 – Be careful in putting all your investments (nest egg) in one basket
A planned well-diversified portfolio facilitates positive performance of some investments and can balance out poor performance of others investments. The mix of investments in different asset classes (e.g., stocks, bonds, real estate) help keep your retirement goals on track even when one investment goes through and downsizing period. (more…)
Note: we are happy to bring you this article because it showcases the types of issues many couples face when planning their retirement dates. You can find many more articles from Brian Jones at https://brianjonesdiary.com/.
Reconciling our retirement dates and dreams
My wife dropped the bombshell last night that she was considering putting off her retirement to “somewhere between 60 and 65”. (more…)
A personal financial balance sheet shows you a snapshot of your financial health: how much money and assets you have, how much debt and liabilities you have, and what your net worth is when you subtract your liabilities from your assets.
Unlike a budget where you track how much money is coming in as income and how much money is going out as expenses, a balance sheet tracks how much you have at a fixed point in time. Even businesses, the government, and non-profits use a balance sheet to measure their financial strength. (more…)
Publisher’s note: This Retirement Voices blog post by Roxanne Jones, explores factors that go into making her personal decision about when to retire.
I’ve been working for (gulp!) 50 years, the last 25 as a freelance medical writer. I’m fortunate to have developed a stable of clients who give me regular work. To keep my sanity, I sometimes even have to turn down projects. It’s a good problem to have.
But juggling constant multiple deadlines is getting old. I’m 66, and the “life is short” refrain is getting louder and more insistent. (more…)
Note: this article about retirement planning and achieving a liberating retirement originally appeared Feb 27, 2020 at the Squared Away Blog and is republished with permission of the author, Kim Blanton.
Most baby boomers find the first weeks of retirement liberating. But it takes some work to ensure the feeling lasts. (more…)
You can read lots of articles, listen to podcasts and watch videos on what to do to create an ideal retirement. That’s great but you can hurt your golden years by not paying attention to some potential retirement landmines – danger zones that can sink even thoughtful retirement plans.
Here are five retirement landmines to avoid: (more…)