Budgeting is often regarded as something people should do when they are starting out on their own, earning an entry-level income, and that’s certainly true. But a budget, or spending plan, is also important any time you experience a significant change in your income, especially when you are contemplating retirement.
Author- Sandra Cleveland
I recently read the results of a survey that stated the majority of women associated wealth with the word “security,” while men generally associated it with words like “status” and “power.” My personal experience in working with clients has been that both women and men strongly associate wealth with security.
Over the past decade, I've seen a number of people lose their job not long before they had planned to retire. For those who “expected the unexpected” and allowed for such possibilities in their financial and retirement planning, a late-career job loss may require some changes, but it doesn’t spark a crisis. For those who are not prepared, however, plans to reti
It’s probably safe to say that almost no one enjoys doing their income taxes. Many of us dread preparing our returns, but some dread it enough that they file an extension every year simply to put it off.
While this desire is understandable, it’s not a wise course of action. There are only two good reasons to file an extension:
I recently ran across an article in TIME called “Do Happy People Really Live Longer?” The article explains how the ongoing debate among experts about whether being happy makes people healthier centers around how various studies on the topic have been conducted.
Since I spend most of my day helping people prepare for success in their finances, you would probably expect me to say that financial resources are most critical to a successful retirement. It’s true that finances are inarguably important but financial accomplishments alone don’t ensure a successful retirement.
In general, women bear greater financial risk than men. Most married women bear more risk than their husbands because they tend to be younger and have a longer life expectancy. And since women tend to earn less money than men, there is greater pressure to make fewer assets cover higher costs, particularly for single women.