What Keeps You Working?

There are many reasons why people retire. There are also many reasons why people continue to work well into what some consider the “retirement years”. If you are one of those people working well into your 60s or 70s–or have decided you want to continue working well into those age ranges–what keeps you motivated to stay in the working world? In recent years, many have said that health and retirement benefits are a big factor for staying employed. For others, it can be the social aspect of the office that keeps them motivated to keep working. Some may have no Continue reading What Keeps You Working?

It’s Not About Being Cheap; It’s About Living Within Your Means

Don’t spend more than you make. It’s one of the basic tenants of being financially responsible. Yet, many people don’t realize that such a practice doesn’t mean you have to be cheap. No, you don’t need to drive a cheap car. No, you don’t need to give up a small daily luxury (Starbucks, anyone?). Yes, you do still need to be smart with your purchases. However, that doesn’t necessarily mean you have to be a miser or penny-pincher. Too often, people equate living within their means with being frugal and cheap–sometimes way too much in that direction. Many think that Continue reading It’s Not About Being Cheap; It’s About Living Within Your Means

Saving For Retirement and Fighting Temptation

As I’ve mentioned in many past blog posts, saving for retirement is a long-term mission. If done properly, saving for retirement usually involves saving for something that won’t happen for decades in the future–that is, if you start saving young. In this day and age, though, it can be tough to think so far in advance, especially for those of younger generations struggling to get situated in the real world. For those who are decades away from retirement, staying focused on saving can be tough. It can be tempting to spend that money in the current day instead stashing it Continue reading Saving For Retirement and Fighting Temptation

When Investing, Be Sure to Look at Both Sides

If you follow the markets and investing, then you are probably aware of the terms “bull” and “bear” when describing their projected activity. A “bullish” market is on the upswing, while a “bearish” market is in decline over a period of time. This is important because given how the stock market has performed over the past year or so, it’s not very clear as to where exactly things stand, so you will likely have people with various views and opinions about whether it’s a bear or bull situation. You may even find yourself feeling strongly about one trend or the Continue reading When Investing, Be Sure to Look at Both Sides

Do You Tend to Micromanage or Ignore Your Finances?

When it comes to finances, there tend to be two approaches that people take: They either ignore their finances in the hope that things just work out or they constantly look at every little aspect of their finances and analyze every decision. And no, neither approach provides a healthy way to view your money. Instead, they can lead you to over-analyze your decisions or to ignore warning signs that your financial future might not be so bright. What you really want to do is find a sweet spot somewhat in the middle. That means checking on your finances enough to Continue reading Do You Tend to Micromanage or Ignore Your Finances?

When It Comes to Holding, Don’t Rely on Emotions

Chances are, “buy and hold” is a part–quite possibly and important part–of your retirement savings plan. It’s most likely a strategy you are taking in regards to some, if not all, of your investments. However, it is not as easy as it seems. Holding requires virtues that not all investors or retirement savers have; it requires patience. To be successful with a buy and hold strategy, one needs to be able to ignore the markets and not get caught up in trends, but rather focus on the long-term goals and benchmarks they have set. Setting guidelines and rules to follow Continue reading When It Comes to Holding, Don’t Rely on Emotions

Picking and Choosing In Retirement

You can plan all you want for retirement, but unexpected events and unanticipated opportunities may still arise and require you to make a decision. Those decisions may be anything from whether to take a trip to visit a friend or family member or whether to make a home improvement or repair. If you planned properly for retirement or built up a large nest egg, those decisions may be easy. However, if you do not have much financial leeway in retirement, those decisions can be difficult. Regardless of whether it is difficult or easy, you will still need to make a Continue reading Picking and Choosing In Retirement