“When a man’s best friend is his dog, that dog has a problem.” –Edward Abbey I never had a pet growing up. My parents bought me five fish when I was about nine years old. The fish all got ick and died in a couple of months. Down the toilet they went, and that was [...]
By 2 Comments
How Bad is Bad? The Magnitude of Failure in Retirement Planning Scenarios
“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” ― Ernest Hemingway, The Sun Also Rises Financial planners love numbers. They want some sort of quantifiable way to tell you whether or not you’re going to succeed in goals. Like the weatherman who says that there’s a 30% chance of rain (how come it’s [...]
By 2 Comments
Prepare To Pay To Stay Healthy In Retirement
“My doctor gave me six months to live, but when I couldn’t pay the bill he gave me six months more.” – Walter Matthau A recent report showed that American couples who retired in 2012 can expect to pay 4% more in health care costs than those who did in 2011, and the total cost [...]
The Transition from Mass Advice to Personal Advice
“It is proof of a base and low mind for one to wish to think with the masses or majority, merely because the majority is the majority.” –Giordano Bruno “If you will live like no one else, later you can live like no one else.” –Dave Ramsey Continues Below Subscribe to Receive My 52 Week [...]
Why Save in a Low Interest Rate Environment?
“There is a certain Buddhistic calm that comes from having….money in the bank.” –Tom Robbins A recent study showed that 41% of Americans have less than $500 of liquid savings available in the case of an emergency. Furthermore, 54% of respondents in the same survey revealed that they had no specific savings strategy in place [...]
By 2 Comments
Do People Like to Retire?
“The trouble with retirement is that you never get a day off.” –Abe Lemons Cliff’s Notes: Yes. People do like to retire. 93% of them, in fact. There’s recently been a series of advertisements from some brokerage that talks about the first day of retirement. There are all of these stories of how great it [...]
