Weekend Reading: Retirees: Health Care May Cost Less Than You Think
Health care expenses might be one of your top retirement concerns, and with good reason. Fidelity recently claimed that a 65-year-old couple retiring today will need an average of $315,000 for medical costs. However, evidence and logic suggest this likely won’t be your reality.
Weekend Reading: Example 1A: Why You Stay the Course
While it can be a difficult motive to overcome, avoiding emotional reactions during times of market volatility is key.
Weekend Reading: 3 Steps to Beat FORO (Fear of Running Out)
If you continually experience the fear of running out of money (FORO), it can create a significant impact on your lifestyle during retirement.
Weekend Reading: Minimum Size – Big Enough to Matter, Not Too Big That it’s Wasteful
Time is your most precious resource. How much of it do you spend thinking about money?
Weekend Reading: An Investing Road Map for Retirees
Your retirement is more than an investment strategy. Guaranteed income is high on the list and taxes shouldn’t be overlooked.
Weekend Reading: Looking Up and Down
As an investor, you should be aware of the asymmetric risk-reward characteristics offered by the stock market. Why? They can offer you greater investment peace of mind.
Weekend Reading: Backdoor Roths Are Powerful – If Done Right
While a Roth account is a powerful tool you can leverage to generate tax-free income, it has limitations on funding and participation. As such, this is where a loophole can come into play: The backdoor Roth strategy.
Weekend Reading: Investing for Money vs. Investing for Happiness
While you may think the concepts of investing for money and investing for happiness are the same, psychology says otherwise. Money can provide you certain comforts and opportunities, but it does not guarantee happiness.
Weekend Reading: Begging to Differ
Your financial journey throughout life won’t look the same as anyone else’s. So, while it can be informative to learn from others' financial experiences, here’s a word from the wise: Never blindly mimic their strategies.
Weekend Reading: The Money Cliff
You surely don’t want to lose sight of what truly matters to you. So define your peak, prioritize your Purpose and make both core components of your wealth-building process.
Weekend Reading: How to Keep Muscles Strong as You Age
The phrase "use it or lose it" holds true when it comes to maintaining your muscle strength. However, evidence suggests that your neurological and muscular systems can be retrained, regardless of age.
Weekend Reading: Are You Making These 5 Common Portfolio Mistakes?
Ask yourself: Are you making any of these mistakes? Maybe it’s time to step off the sidelines, dig deep into your portfolio and create a greater opportunity to optimize your financial wellbeing.