I spend a lot of time visualizing my retirement. My parents are both near 80 years of age and there is no doubt that the decisions that they have made are influencing my current and future plans. They have done well: compromises have been made, investments and budgets are managed, and health concerns are attended …
As a mid 50 year old – I have retirement on the mind. We still have two kids in the house – one in high school and one college grad saving for medical school, but I see retirement on the horizon. Ok, a distant horizon but it is creeping closer. With retirement in mind, I …
For today’s Money Monday I thought I’d share a simple mathematical way to help you figure out how long it takes to double your money. Recently I was having a conversation with my daughter and she mentioned to me that she wanted her savings to double. So I explained to her the Rule of 72. …
I have always believed that the purpose of an emergency fund was to help us straddle the financially tough times of an extended illness or a job loss. After watching many Americans evacuate homes due to hurricanes and now fires – an emergency can happen anywhere. As I now know, it certainly is not always …
Sometimes it makes sense to spend money to save money. Here are three things that I have invested in that have been well worth their cost. It is capital spent upfront, but in the long run these three actions have saved me money. Money Well Spent 1. Museum memberships. I love visiting museums! Living in …
I am 54 years old, and being in my mid 50s I am very aware of my retirement funds. Each year I look at my retirement funds and reassess how they are allocated. When I started saving for retirement in my early 20’s, retirement seemed so far away. Now it seems to be right around …
