Blog Posts

  • Five Steps When Inheriting Money–Make it a Blessing Instead of a Curse

    May 21, 2012
    Money changes your life. My 11-year-old son was talking with his friends about what he would do with $1 million. One of the kids said he would pay off his parent’s mortgage, buy an iPad and have plenty left for the rest of his life. I had to chuckle because ...
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  • Fidelity Study: Now We Need $240,000

    May 14, 2012
    Last week, Fidelity Investments issued its annual study on the costs of health care for the average 65-year-old couple retiring this year. These costs do not include nursing home stays but do count the co-pays, deductibles and prescription costs that Medicare does not cover. Last year, the total estimated cost ...
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  • My Brother’s Question

    May 7, 2012
    My brother sent me a link to an article on retirement spending the other day with the comment, “I am sure you will not agree.” The gist of the article was that household spending peaks between ages 45–54 and then falls throughout the rest of our life (after kids have ...
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  • Slow-Going Retirement Trends

    April 30, 2012
    Last week, the trustees of the Social Security and Medicare trust funds released their annual review (get the executive summary here). They found that Medicare’s expenditures are highly uncertain going forward, and future cuts might be the only way to bring the cost structure in line. Social Security itself is ...
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  • Stealing Left an Impression

    April 23, 2012
    When I was about 12 years old, I stole candy from the local candy store. I did not make it far, since the owner of the store met me at the door and confronted me. After my confession there, I thought I was done. But the store owner called my ...
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  • Hitting the Wall from 52 to 57

    April 16, 2012
    A marathon is 26.2 miles. I have run three of them and can say that the first half of the marathon is actually fun, almost a party atmosphere. But then somewhere between mile 16 and 19 I hit the dreaded wall. The infamous wall is that point in the marathon ...
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  • Retirement Is Like Making the Big Leagues

    April 9, 2012
    According to Investment News, almost 80% of NFL players are bankrupt or in severe financial hardship within five years of retiring from the sport. For the NBA, the number is 60%. I thought about these statistics as I read a baseball book, Out of My League, by Dirk Hayhurst. ...
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