When I work with clients on retirement planning I have a lot of questions about numbers. How much have you saved so far? How much more will you save? How much do you spend now, how might that change in retirement? How much will your social security benefit be? How much will your health insurance cost? On and on and on, numbers galore! But what about the non-numerical questions? They are also important. How will you fill your time for the first 6-12 months after you retire? How about after that? How will you keep your mind sharp? What's going to get you out of bed …
Capture those Dollars – Avoid the Vortex of Spending!
In recent months several of my clients have happily experienced an increase in cash flow. The reasons include: Paying off a student loan Paying off a mortgage Decreased daycare costs due to a child starting school Stopping monthly allowance to an adult child who graduated and got a job (yay!) In each of these cases cash flow went up because of a decrease in a regular expense. Cash flow can also go up from an increase in income such as a raise or a bonus. Clients who have been with me a while know my standard response to an increase in cash flow: "Capture those …
Cash and the Single Woman – What does the Survey Say?
I specialize in helping single women make sense of their money and their taxes. So I was very interested when Fidelity* recently came out with a study exploring the financial planning and investing habits of single women - they surveyed 1,503 women who never married, are divorced or widowed as well as single men and married men and women. Kathleen Murphy, president of personal investing at Fidelity said of the study ".....it's critical that women be actively involved and invested in the financial choices that can enable them to live the lives they deserve." There are a lot of …
