Posts Tagged ‘Retirement’
When Is The Best Time To Collect Social Security Benefits?
Over 69 million people in the United States receive social security benefits — so needless to say, it’s a pretty important topic. Understand that the government is simply giving you back all the money they deducted from your paychecks (“FICA”) while you were working. But with the many nuances and complexities of the social security…Read More
Contingency Fund: Individual Retiree Risk Management
The goal of this article is to provide an actionable framework for contingency planning for individual retirees through the modern retirement theory (MRT) perspective. Contingency planning encompasses a retiree’s risk management processes, techniques, and strategies, along with a choice architecture. Our goal is to provide insights that are mitigating to those conditions within longevity that can impair or impact a retiree’s ability to remain retired. We offer three risk categories—known, unknown, and unknowable—as an organizational scaffold that demands an intentional choice be made by the retiree. Then, to guide an individual retiree’s decisions about contingency planning, we put forth an active risk selection matrix. The 3-R matrix can be used for guiding and evaluating risk choices through risk recognition, risk reduction, and acceptance of residual risk.Read More
The Important Lessons Gratitude Can Teach You About Money
When you think of gratitude and money, you probably don’t imagine the two go hand in hand, but the connection is undeniable. Gratitude has the power to boost serotonin and prompt the brain to produce dopamine, the chemical that makes you feel “good.” So, the more you practice gratitude, the better you’ll feel. It’s not…Read More
5 Ways To Make Money In The Stock Market
“How do I consistently make money in the stock market?” – the question all investors want to answer! Oftentimes, people look at capital markets as a way for investors to “outdo” the other investors. Market timing, picking “hot stocks”, and calling the bottom are all feeble attempts at trying to outplay the market as a…Read More
Your Investment Plan – What’s It Based On?
“Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information?1” While these questions were originally directed to modern culture at large, we think that they can also be applied to investing. Investors must forge a path, or hire a guide, through information and knowledge leading to a…Read More
The Fed Hiked Interest Rates: What This Change Means For You & Your Wallet
You’ve seen the headlines: “The Federal Reserve hiked interest rates to historic levels.” They raised the target federal fund rate by 0.75%, which marked the most significant increase in 28 years. While this news might sound bad, don’t panic! Here is what this interest rate means for you, your wallet, and the economy. Why Did…Read More
Are We There Yet?
It’s summer. Travelers have packed their bags and vehicles and are making their way to beloved destinations – the beach, the mountains, the city. Anyone who has taken a road trip with kids will have heard and identify with the refrain, “are we there yet?” With inflation running at 40 year highs, mortgage rates climbing,…Read More
Picking the Right Investment is Like Picking the Right Date
Just as in the world of dating relationships, the age-old phrase “There are plenty of fish in the sea” can hold true to our investment relationships as well. With countless possibilities, which is the best option for you? The same standards we apply to finding the ideal mate come into play when we evaluate our…Read More
Smart Spending In Retirement
Take a look at Johnson Rhett‘s recently published insight on retirement spending for MoneyGeek.com! Follow the link below. Smart Spending In RetirementRead More
Regaining Control of Your Retirement After COVID
We will never go back to the world we had before COVID-19, and the lens that we used to evaluate ideas, markets, economies, and personal choices over the last decade may not be sufficient for the next decade. Life has changed; how do we get back on track with the goals we want to achieve?…Read More