Everyone looks forward to their golden years as a wonderful time of relaxation and enjoyment. It’s a time to revel in the fruits of your labor, or volunteer if you feel like it. The last thing you want to do is to outspend or outlive your income in your retirement years. Here are a few ways to avoid that scenario.
It’s a known fact that those who start to save
Continue reading 5 Ways to Avoid Outspending Your Income in Retirement
Over the years I’ve read plenty of articles and blog posts about lying, cheating, and dumb advisors.
While lying and cheating advisors are a topic for another day, I know from experience that there are plenty of morons in the advisory business. I’ve had the er … pleasure … of meeting some of the worst. To wit:
One advisor I knew actually said, “I’m not some kind of rocket driver, but …”
Continue reading Don’t Be a Moron: How One Man Paid $87,500 in ‘Moronic’ IRA Fees
Not too long ago, I was driving my family along the foothills of Southern California, at the base of the magnificent San Gabriel mountains.
Believe it or not, the San Gabriels top out at over 10,000 feet; and while the panorama from the top of Mount Baldy is stunning, I think the view from the base of the range is arguably even more impressive as you cast your eyes up its
Continue reading Early vs. Delayed Retirement: Which Path Is Harder?
When I was a kid I used to love the fun houses found at summer carnivals and local fairs.
I loved the sense of twisted reality provided by image-distorting mirrors and the wacky side-rooms where water appeared to flow uphill and it was nearly impossible to stand straight.
Today, thanks to an extended period of near-zero interest rates, years of massive government deficits, and central bank “money printing,” we’re all stuck in
Continue reading 5 Personal Finance Tenets That Aren’t as Smart as They Used to Be
So … Who wants to play “doctor” with me?
I know what you’re thinking, but you can relax. I promise nobody will end up in the principal’s office after we’re finished here. That’s because this version only focuses on taking a peek at our … personal finances.
If you’re interested in anything more risque than that, you’re at the wrong website, pal. Sorry.
OK, ready to play? Then here we go:
If you show
Continue reading 24 Smart Money Tips Everyone Can Learn by Playing Doctor
This is a guest post from blogger Joel Larsgaard, who is the proprietor of Save Outside the Box.
Who wants to work ’til they’re 75? Not me. That’s why I’m constantly thinking of ways to make a little more or spend a little less in order to save more for the future.
If you have the same priority there is one change that you can make in order to quit your day
Continue reading How to Retire Five Years Earlier Than You May Think You Can
Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net.
For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, his luck finally ran out. While walking 121 feet above the pavement on a high-wire stretched between two towers of a Puerto Rico hotel, an unfortunate combination of improper rigging and strong wind gusts
Continue reading 9 Important Tips for Managing Financial Risk
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.
I recently explained why I believe an economic collapse is inevitable and what it would look like.
If history is any guide, the good news is that economic collapse won’t result in
Continue reading Economic Collapse 101: Ten Ways to Prepare for the Unknown
Last week I needed to venture into my attic to check on some rat traps, so I grabbed my flashlight to help me navigate my way through the rafters. As luck would have it, the flashlight wasn’t working; the last person who used it forgot to turn the darn thing off, so the batteries died.
Anyway, with no spare C-cells in the drawer and an unplanned trip to the store in
Continue reading 9 ‘Oops’ Moments That I Ultimately Paid For (One Way or Another)
I’m not a big football fan. Oh sure, I occasionally enjoy watching football on television. But, unlike hockey and baseball, I rarely bother buying tickets to attend football games in person.
That being said, this past weekend my buddy had an extra ticket to a college football game between USC and Arizona State, so I eagerly tagged along.
Anyway, as I was sitting in the Los Angeles Memorial Coliseum blissfully watching the
Continue reading Why Close Is Often Good Enough When Managing Your Money