The main goal of investing for retirement is building up enough wealth to cover your living expenses (and pay for fun) for as long as you live. The problem? There is not a single soul on Earth who knows when they’re going to die. You can speculate all you want, but the reality is, you don’t know if you’ll last until 85 or 102.
Learn four factors you can think about as you look for ways to retire and stay retired in this post.
Read MoreSince the recovery started in March of 2009, everyone has been waiting for the next big fall. Each time there is the slightest disruption in the markets, the financial media run to report it. They cry, "WOLF!!!! This could be the BIG ONE. WOLF!!!!"
Read MoreA sunk cost bias is an economic term (also known as sunk cost fallacy) describing an error in decision making. Basically, we allow past decisions or events to overly influence future decisions. We let what was trap us and lead us into irrational decisions about what is. Learn more in this episode of Retirement Answer Man.
Read MoreEver see a cheetah run at full speed? It’s impressive, especially in slow motion. They’re not holding anything back. There’s a lot to learn from the cheetah when it comes to living. Too often, I see people entering retirement while pulling back on life.
Read MoreEntrepreneurs and small-business owners do all sorts of wacky things with retirement savings, but let me just call out the biggest mistake I see entrepreneurs make:
More than one in three entrepreneurs have no retirement savings plan.
Read MoreThe other day, Tony Romo announced that he's retiring from the NFL and football. But Romo isn’t just retiring to a golden palace on a lake to live comfortably off his huge NFL salary for the rest of his life. Romo is becoming the lead NFL analyst for CBS. That’s reimagining retirement.
Read MoreRetirement often comes with two of the most liberating words some people ever experience: “empty nest.” Those same two words turn other people’s formerly busy, fulfilling life into a personal dungeon of loneliness.
We’ll look at both sides of the coin on today’s podcast.
Read MoreIn today’s podcast I’ll take you through a three a 3 step framework to determine how much insurance you need.
Read MoreIn this week’s podcast, I share with you three secrets of influence that I’ve discovered that could help you if you’re trying to build your own influence before you retire.
Read MoreIn today’s podcast, what unchecked GDP growth could do to your retirement.
Read MoreToday we discuss The Rational Optimist by Matt Ridley.
Read MoreGlobal insurer Aegon recently released the results of a survey that revealed the top retirement aspiration worldwide was to travel. But something I’ve seen many times is that many retirees aren’t healthy enough to travel. Or worse, unexpected health care costs rob them of the funds to travel.
Read MoreI work in a profession filled with smart people. But agility is more important than smarts when it comes to choosing a retirement advisor.
Read MoreMillennials see things differently. They save. But they do it with different goals in mind, on the whole.
Read MoreIf you want a retirement you can proudly call your golden years, that means making some choices earlier in life that lead you there. And they’re not all big decisions.
Read MorePutting important, non-urgent things on the backburner too long will burn you in retirement. See, retirement isn’t just about finding some magic number that will sustain you through your golden years. It’s about intentionally creating a better life.
Read MoreToday I’ll start recommending some investment books that deeply impacted the way I see investments, numbers and life.
Read MoreIf you rely too much on the tools and tricks of the financial planning trade, you’re gambling with your future.
Read MoreOxford researchers guess that 47 percent of American jobs could be at risk due to “computerization” over the next two decades.
Read MoreJust like the market tells software developers how to improve their products quickly, I’ve created the framework for that same agility in your retirement process. I call it Agile Retirement Management.
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