Post-Retirement Tips

And now, the long-awaited finale to my three-part series of what I learned in 2020. (Go ahead and insert a joke, as some may say I’ve learned nothing, ha). For those who missed part 1 on health or part 2 on wealth, give them a read if you’d like. For today’s conclusion, I’ll shift my attention to what I learned about happiness in 2020. Read more
Picking up where I left off on my three-part series, I’d like to focus on Wealth. For reference, part one was a deep reflection on what I learned about health in 2020. In shifting my focus, I’ve certainly had numerous revelations which really solidified my beliefs on certain wealth perspectives. Read more
Risk is a personal (and funky) thing when it comes to investing. Generally, it’s formulated with years of experiences (good, bad, or indifferent) which leads us to our risk profile. One of the biggest components in investment risk taking is a good education with facts and figures, and not one’s emotional experiences. That information can lead to formulating an accurate risk tolerance. Read more
I’m still in quarantine mode at the Jersey shore, and while here, I had an interesting revelation. I was talking to my brother the other day (he’s also quarantining down here) and he pointed out a really interesting phenomenon. “Little bro,” he said, “did you notice when you’re on the beach, what people aren’t doing?” Read more
I feel like I’m in the Tom Hank’s movie Castaway these days. I’m stuck on an island (I mean, stuck inside my house), haven’t had a haircut in months, and my best friend is a volleyball named Wilson. I yearn for the day when I can give you clients a nice big hug again, which will mean life is back to normal. Read more
Time to Refinance
In the past couple of months, mortgage rates have been declining yet again. Today, you can find 30 year mortgages in the mid 3%, and 15 year ones in the low 3% range. This is great news if you’re buying in this low interest rate environment. However, the vast majority of us aren’t currently buying. More people than not have a mortgage outstanding. Given today’s rates, one must consider if refinancing is the right move. Read more
When do I have to Withdraw from my Retirement Accounts
At least once a week, I find myself educating a client on when they have to take money from retirement plans. Most people are confused on how this works. It’s kinda funny, actually. We spend all this time accumulating money in retirement vehicles, yet many are relatively clueless on the requirements to withdrawal. Read more
Irregular Regular Expenses
One of the most common questions asked of me (or my partners) is “how much money do I need to retire?” Sounds like a relatively easy and innocuous question… on the surface. However, the roots of the question run deep into a person’s financial soul. What they are really asking is “how much money do I need to keep my same standard of living, while no longer earning a paycheck?” Read more
Retirement brings unique circumstances to a person’s life. It’s likely the first time you’ll truly appreciate not setting the work-time alarm clock, as the days of stressful deadlines are past. Retirement is a life changing event for most people, akin to the shock of starting that first job. I can remember that sobering moment in my life, too. Read more