Monthly Archives

April 2017

Retirement is about having the opportunity to focus on LIVING!

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Both my friends and my clients (sometimes they are the same person) often ask me: “What’s the most important thing I need to do to prepare for retirement?”

I usually tell them that there’s no one thing that’s most important, but rather a lot of things. For example: securing retirement income, managing your tax situation, or ensuring your investment portfolio keeps ahead of inflation. These are just a few examples. But when it comes to your retirement, here’s a piece of advice that all too often goes unheeded:

“If you can dream it, you can do it.” Read More

The Importance of Building an Emergency Fund

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Ben Franklin once declared, “A penny saved is a penny earned.” Equally enlightening are his thoughts on expenses: “Beware of little expenses. A small leak will sink a great ship.”

And there are plenty of “leaks” that can scuttle an already-tight budget. For instance, a spouse idled by the sour economy, a fender-bender with the family car, or an unexpected hospitalization. That’s why financial advisors recommend that you have a rainy-day fund – enough liquid assets to cover three to six months’ worth of emergency living expenses. In case of financial emergency, access to additional money will save you from relying on credit cards or loans that simply compound the problem. Read More