Blog

Talking About Childhood and Retirement

Talking About Childhood and Retirement

Last week, I was interviewed by my good friend and fellow advisor, Justin Castelli on his All About Your Benjamins podcast. I’m thankful for that opportunity, not because we discussed retirement (which we did), but because he wanted to chat about my childhood. Justin and I had previously shared an offline call where we happened to chat about how I grew up and he encouraged me to share my story as it’s probably relatively unique – or at least not…

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Finding Fulfillment in Retirement

Finding Fulfillment in Retirement

A couple of months back, I had a conversation with Fritz Gilbert, the writer and owner of the retirement blog, The Retirement Manifesto. I’ve been a reader of his for quite some time as his posts are always insightful and entertaining. His writing offers particularly useful perspectives for me thanks to his willingness to share all that he’s going through as he is going through it. I reached out to him via phone to gain some wisdom on a variety…

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Medicare FAQs

Medicare FAQs

Last week, I wrote about the differences between Medigap and Medicare Advantage plans. In writing that, I realized there are many Medicare FAQs that I hear so often. When do you need to enroll? How do you enroll? What does it cover? What is not covered? What is it going to cost? Will IRA distributions affect your Medicare premiums?  And so on.  Instead of searching all over the web trying to find answers to these questions, I thought it would be helpful…

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Medigap or Medicare Advantage Plans

Medigap or Medicare Advantage Plans

As an advisor working with retirees, one of the most common questions I am asked is, “Should you choose Medigap or a Medicare Advantage Plan?” Before I get to that, I’ll lay out an example for why this choice exists in the first place and then we can get into the weeds of these two plan options. I’ll also provide pros and cons for each coverage type and who each coverage might work best for as well as what you…

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Increasing Your Odds of Retirement Success

Increasing Your Odds of Retirement Success

Recently, I was asked a great question: “What is the #1 thing I can do to increase my odds of retirement success?” Most people are inclined to focus on the portfolio since it gets all the love and attention in retirement planning – how can you optimize your portfolio, pay less in taxes or squeeze out more return?? But when it comes to retirement planning, often the easiest way to increase your chance at retirement success is to concentrate on…

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How to Invest For a 30+ Year Retirement

How to Invest For a 30+ Year Retirement

A couple of weeks back, I had the pleasure of chatting with Taylor Schulte, CFP® on his retirement podcast, “Stay Wealthy.” Taylor is a highly respected retirement expert, so naturally, I was excited to have a public chat about a topic we are both passionate about. On the podcast, we discuss my post, A Portfolio Strategy for 30-Year Retirements, to include the following topics: Why living longer should be a goal to strive for and why you’ll probably live much…

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The Market Went ___ On ___.

The Market Went ___ On ___.

Lunacy. I’ve been watching various headlines for the direct purpose of pointing out the sheer craziness of headline investing. Here are five headlines from the past couple of weeks. “Stocks finish lower. Global growth worries return. Here’s what happened in markets today.” “The Dow Loses 33 Points Because the Market Is Getting Pulled in Different Directions” “Stock market gains after Fed removes ‘patient’ from policy statement.” “The Dow Jones Industrial Average just hit a new high, it’s time to talk…

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A Letter to Do-It-Yourselfers

A Letter to Do-It-Yourselfers

Have you ever had a moment in your life where you felt overwhelming fear? Overwhelming in the sense that you were practically paralyzed from taking any action whatsoever? I’ll come back to this… If you’re a Do-It-Yourselfer (DIYer), before you get upset with me, let me be clear – this is not a call to hire an advisor in the traditional sense. I’m not an advisor who believes there is anything wrong with being a DIYer. I do believe managing…

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A Retirement Trial Run

A Retirement Trial Run

I’m on vacation in the Outer Banks this week and I was planning to skip a week of writing the blog, but I couldn’t help myself. Something surprised me prior to leaving for our trip. Before we started the long drive, my wife informed me that I haven’t taken a full week off since my youngest son was born – he is almost three. Before I get emails about needing more work/life balance, anyone who knows me well knows it’s…

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Why Are We Still Listening?

Why Are We Still Listening?

A great graphic made it’s way around the internet via the Wall Street Journal. The graphic shows the predictions from 50 economists on the direction of interest rates. How did they do? NOT A SINGLE ECONOMIST WAS EVEN IN THE BALLPARK! Every single day, pundits go on TV saying what they believe will happen with complete confidence that their prediction is going to be correct. Apparently, accuracy is hard to come by, guesses are not. I honestly understand why these…

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