Do you know what it will cost you to live after you stop working? If you don’t know, you probably want to find out. It’s a crucial number. In fact, you can’t have a secure retirement unless you have a handle on this information Pilgrim. Of course the problem is that retirement is a long-term […]
Retirement Planning
This category is the heart and soul of Wealth Pilgrim. Here you’ll find a host of information created to help you reach your retirement goals and enjoy the journey. These are nuts-and-bolts articles to help you understand where you are now, identify where you want to be and when you want to get there, and design a roadmap to help you do so.
How to Have a Secure Retirement Even If The Market Dives
If you are thinking about retiring soon, you’re undoubtedly concerned about steep market declines. Once you stop working it’s harder to ride through those ups and downs – especially if they are dramatic. My experience tells me that if you are near or in retirement the anxiety is there regardless of how well your investments […]
How Much Money Do You Need To Retire?
How much money do you need to retire? Of course, part of the answer depends on how you invest your money and how much income those investments generate. But you may be surprised to discover that a far more important determinant of retirement success is your spending. In any case, we’ll handle both these subjects. But let […]
Is It Smart To File And Suspend Social Security Benefits?
There are many ways to skin a cat when it comes to maximizing retirement benefits. One strategy is to file and suspend social security benefits. First let’s decipher what this means and then we’ll determine if it’s a good strategy for you. What Does File And Suspend Social Security Mean? This is a strategy you […]
Creating a Financial Plan for Free
You will have a far better life if you have a financial plan, stick to it and revisit that plan every couple of years. You will feel more in control and you’ll achieve your goals far easier and much sooner. I have no doubt about that. And based on the last 30 years of my […]
Planning for Your Retirement the Smart Way
This post was originally published in December 2009 – about the same time most main stream publications were advocating staying out of stocks for good. Planning for your retirement is serious business. That’s why I get so angry when misinformation gets floated around. I recently read on a blog that if you retire now or want to […]