Financial security is all about income. You can have millions in assets. But if you don’t have an income system that works, how are you going to pay your bills? Some retirees try to solve this problem by using a bucket strategy. Let’s take a look at what that is and if it really works […]
How to Open an IRA and Avoid the Pitfalls
You can wait to open your IRA until April 15th next year if you want. By why wait? It’s a pretty easy process but you do need to be careful. There are a few potholes you don’t want to step into. Those obstacles can cost you time and money. Who needs that? Let’s go through […]
How to Invest 401k Money Right Now
Regardless of what is happening in the market at any one time, smart investors understand that how they invest their 401k right now is really important. The results might not show up immediately but they are cumulative. That means how you invest, the process you use and the resulting actions you take, are going to […]
How to Deal With Adult Children Living At Home
Are you ready to have your adult children living at home with you again? Like it or not it’s a distinct possibility. According to a Pew Research Center survey done recently almost a third of all parents in the United States are seeing their adult children move back home. I have two adult children and […]
What To Do After You Make A Bad Investment
Have you ever made an investment only to realize shortly thereafter that you made a huge error? Before you wrote the check you were sure you were making a smart investment but once the ink was dry, the fog cleared. That’s when the pain hits. Some folks never forgive themselves (let alone forget the mistake). And […]
How A Systematic Withdrawal Plan Boost Your Retirement Income Big Time
You may not have heard the term “systematic withdrawals” too many times before. But that’s about to change. In fact, I’d like these two words to be a central part of your financial vernacular. That’s because systematic withdrawals might just be your secret weapon in the battle to maximize your retirement income. Once you understand […]