Anthony Isola

Shrinkage Doesn’t Belong In Your Retirement Plan

It’s a small world, after all. For too many retirees, this is their reality. Unfortunately, some of the problems are self-induced. My colleague, Nick Maggiulli, wrote a terrific post on this subject. Relationships more than money determine the quality of life for retirees. Robert Waldinger confirmed this point in a TED talk: When we gathered…

Financial Unintended Consequences Karma!

Getting what you wish for can be problematic. The acronym in the title describes unanticipated outcomes. I recently finished a great Sci-Fi book,  Project Hail Mary, by Andy Weir, the author of The Martian.  The plot centers on the sun being attacked by one-celled organisms called Astrophage. Their voracious appetite for solar energy is bad…

Stop Apologizing For Things You’ve Never Done…..When Is My Retirement?

Climate change is real. So is the fact you’re getting older and closer to retirement daily. Are you ready? Start making proper preparations by reading this week’s terrific links. Having friends is a huge part of retirement. Dollars and Data Here’s some great advice for your kids and grandchildren. Humble Dollar Putting off retirement is…

Don’t Over Medicate Your Retirement Portfolio

Too much of anything is harmful. This includes medications and investments. Diworsification is real. Our healthcare system is the epicenter. Polypharmacy is defined as the regular use of five or more drugs by one patient. Keeping track of all these medications may be the least of your problems. This issue is mainly concentrated in the…

You’re Bound To Get What You Deserve…..When Is My Retirement?

Three-day weekends are great. The same can’t be said for an underfunded retirement. Invest in yourself.  Read this week’s terrific links. Happy Labor Day! Your most precious retirement resource is not what you think. Today Purpose Many people don’t understand the price they pay for their 401(k). The Washington Post How to get back on…

How To Escape Your Financial Cocoon

Self-deception is a raging epidemic. A myriad of factors influences our point of view. Genes, family life, friends, experiences, and other items determine perceptions. Why do we believe our experiences are reality? James Low reinforces this concept. These stories have a tilt or bias. This generates a selectivity in our attention which blocks many of…

Some People Give Me The Creeps…..When Is My Retirement?

You don’t need to have an opinion about everything. The exception is your retirement plan. If you don’t care, who will? Start by reading this week’s terrific links. Why aren’t more workers taking advantage of Roth 401(k)s? CNBC How is Gen X doing regarding their retirement savings? BusinessInsider What should you do if you’re left…

Eighteen Year Breakups Are Never Easy

Last week, we dropped our first twin son off to college in South Carolina. Starting and funding a 529 plan before birth removed all concerns about the upcoming bills. A college savings plan doesn’t pay for everything. It won’t remove the heartache of the last goodbye. Eighteen-year breakups are never easy. No amount of money…