Find all topics to do with financial responsibility and planning for your retirement
Way back in 1991, Salt-n-Pepa implored us to talk about sex. Not saliciously, but openly and honestly about the positive and negative aspects of the act. Similarly, I try to implore people to talk about money. Not in a braggadocio manner, nor as a means to feed hyper-consumerism; but as a way to become more knowledgeable about …
Earlier today, the U.S. Treasury announced new rules which will permit employees to purchase longevity annuities – with guaranteed lifetime payouts – in their 401(k) and IRA plans. Apparently the US treasury and Department of Labor have been working on this new option since 2010 when they issued a request for information on how 401(k)s …
I am pleased that Brian, a long time SavvyReader and supporter of the blog, has agreed to share his thoughts on retirement. Vocation Vocation is rooted in the Latin word for voice, loosely translated it means a summons or call. The word has been secularized and reduced to meaning job or work. Work, an inescapable …
Debt: noun\’det\ An amount of money that you owe to a person, a bank, a company, etc. The state of owing money to someone or something. The fact that you have been influenced or helped by someone or something. When we hear that word – debt – most of us think of the first definition and cringe. …
Even as you enter your retirement years, your financial planning shouldn’t stop. Having financial foresight and leading a frugal life can help you ensure a comfortable life and following certain simple tips will help you maintain the stability for the years ahead. Two of the most common mistakes that people make as they approach retirement are …
In the recent SavvyInterview with Brian, he mentioned planning to add Real Estate Investment Trusts (REITs) to his investment portfolio. That mention served as the impetus for this post. I have previously noted my belief that the primary home should be viewed as a place to live, enjoy friends and family and not viewed as an …
Many of you may remember the SavvyInterview I conducted with Mr. Andy Rutter. I recently received a personal letter from Mr. Rutter in which he continued to share sage advice. He started the letter with a little Shakespeare in noting Polonius’ advice to his son Laertes, “Neither a borrower nor a lender be, For loan oft loses both itself …
You may have heard, or read, something about the AOL brouhaha recently. If you haven’t, here is a quick summary for you. In a CNBC appearance recently, Chief Executive Officer (CEO) Tim Armstrong announced that effective this year, 2014, AOL would make a change in the way it distributes 401(k) matching contributions to employees. Instead …
Along with politics, religion, and race relations, money is one of those things most people do not like to talk about. Recently I posted the value of my portfolio after a brief internal debate. One reason I decided to post the value was because of legitimacy. By that I was referring to the idea an individual that is writing …
If you are a SavvyReader that is within five years of retirement, you should be developing an order of withdrawal plan for your various retirement accounts. A part of that withdrawal plan will include your Social Security pension and it would behoove you to be aware of the RMD requirement. And if you are a SavvyReader that …
