Madness Takes Its Toll…..When Is My Retirement

Stress is a feature, not a bug, regarding retirement planning. Learn how to control it, or it will control you. Start the process by reading this week’s terrific links. Your retirement plan needs to be a living document. Kiplingers How to secure lower taxes in retirement. HumbleDollar Remove FOMO from your money and life….

Few Can Roll With This College Funding Strategy

The rich keep getting richer. Add a new 529 clause to the list. The federal omnibus $1.7 trillion spending package contains a provision allowing tax-free rollovers of money in 529 plans to Roth individual retirement accounts starting in 2024. 529 plans include enormous tax advantages for savers without the new provisions. Investment earnings grow tax-free…

Nothing Changes On New Year’s Day…..When Is My Retirement?

Your health is your most important asset class in retirement. Neglect it, and the most well-thought-out retirement plan fades into irrelevancy. Focus on what matters by reading our terrific links. How does income change with age? Of Dollars And Data You probably wont run out of money in retirement. Morningstar Give away more…

It’s Time To Uncomplicate Your Health And Wealth

Purchasing an expensive Peloton provides no guarantees regarding optimal health. Fancy tracking devices function on data. It’s hard to collect info if you don’t pedal. The same goes for investing. Expensive Hedge and Actively Managed Funds are terrific at generating wealth – for their sponsors. Listen to Vanguard legend Jack Bogle – “Over long periods,…

I Can’t Stop To Mess Around…..When Is My Retirement?

Focused temporary stress makes you stronger. Constant pressure will kill you. Read our retirement links and learn why there won’t be any gain without some market pain. There’s sunshine after dark bear markets. A Wealth of Common Sense Live like you are dying. Finding Joy A new way to set up a Roth IRA for…

Statistical Sobriety

If your financial plan relies on winning the lottery or day trading – It’s time to find a new plan. Why do people count on the improbable regarding wealth creation? Putting human emotion aside (Easier said than done), ignoring probability and statistics tops the list. In 1986 the American Physical Society, the primary organization of…

Working For The Clampdown….When Is My Retirement?

Expensive equipment won’t purchase health. High-priced investments won’t build wealth. Find out what works in this week’s terrific retirement links. 2023 brings many new rules for retirement saving. NPR How 529 plans can turbocharger your child’s retirement savings. CNBC Your 2023 Tax Fact Sheet and Calendar. Morningstar Why is US life expectancy declining? New York…

The Only Money Formula You Will Ever Need

Don’t neglect to compound your memories. Compound interest is the fuel, and maximizing life’s experiences is the fire. There’s a simple equation to sum up, what’s important. Life Fulfillment = Time + Health + Money. Apply this equation to creating meaningful experiences. Rinse and repeat. Money isn’t last in the formula by accident. A billion…