In retirement ROI stands for reliability of income*, a far greater concern in these years than return on investments. You can’t effectively chase both at the same time. But you can pursue both goals if you compartmentalize your money based on short-term, medium-term, and long-term goals. You may have seen what is called the “risk […]

“Many people are so occupied with getting out of a career trap that they seem to care little about what happens after they leave their jobs. Too many people retire to nothing and then wonder why they feel empty and disenchanted.” From “Comfort Zones”, by Elwood Chapman and Marion Haynes The point being, if you […]

A good advisor will talk about the meaning of money in relation to your goals and dreams. You need to share such things before the talk turns to finances, or an advisor can’t truly know how to help. If the first thing an advisor does is ask to look at your statements, says Mitch Anthony, […]

In your accumulation years, when you were adding dollars and buying equities at a bargain, you benefited from what is known as dollar-cost averaging: the technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are low, and fewer […]

According to an AARP study*, more retirees fear running out of money than they fear death. You deserve to have power over your finances and the opportunity to live a life unencumbered by financial worry. The First Step Cash Management system** can help ease some financial worries as it allows cash to flow into three […]

A woman once came to my office and opened her checkbook, telling me she had about $300,000 in her account. I asked why she felt she needed that much in a checking account. “I have it there for emergencies,” she explained. Few of us need access to all of our money at one time. Holding […]

All of your career, you have been used to a paycheck coming in, and now in retirement that paycheck is gone. You have to create your own paycheck from your own resources, and that can feel quite unsettling. Social Security is uncertain and may be insufficient, and the days of private company pensions are nearly […]

What You Don’t See: The Difference Between a Well-Laid Plan or Falling Short I would like to share a story with you. An accountant and his wife recently came to my office to prepare for their retirement in a few years. They had about $2.5 million in CDs and bonds, and they had figured out […]

In retirement ROI stands for reliability of income*, a far greater concern in these years than return on investments. You can’t effectively chase both at the same time. But you can pursue both goals if you compartmentalize your money based on short-term, medium-term, and long-term goals.  You may have seen what is called the “risk […]

The tactic of withdrawing from an account that rises or falls with the market can be debilitating to your wealth. You are at the mercy of  sequence of return risk (the potential consequences of a bad sequence of returns) at the time you begin withdrawing money from your investments (reverse dollar cost averaging). If those […]