You don’t get a haircut just once. Things change and evolve, adjustments need to be made on a regular basis. It’s the same way with your financial game plan. Financial planning is a process, not an event. Let me tell you about Larry and Jane. Larry and Jane wanted to retire and move to Florida, …
Archives for September 2017
Should I Get Credit Insurance?
My client asked me recently about “credit insurance” to protect against the recent Equifax data breach. My answer was no. But a credit FREEZE is a good idea. You have probably seen the headlines about 143 million credit records leaked at Equifax and before that 1 billion accounts were exposed at Yahoo and 110 million …
How do I know if I can retire?
Once upon a time there were jobs that could sustain you for your entire working life. Many of those jobs had valuable pension plans. If you worked there for 30 years, you could quit, take the pension and pay all your bills without having to work another day in your life. It’s just not that …
I just inherited one million dollars. Now what?
It’s usually a pipedream people entertain to explain why they aren’t working on their financial plan today: “As soon as I win the lottery…” “When I get my inheritance…” “If only I had a million dollars…” Such wishful thinking is not a replacement for a solid retirement savings plan. However, every so often someone does …