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Retirement Planning

Boost Your 401K in Your 50s and 60s with These 4 Simple Tricks
1 week ago

Boost Your 401K in Your 50s and 60s with These 4 Simple Tricks

If you are in your 50s and 60s and haven’t saved enough for retirement, there are 3 short words that will kill all of your future dreams… “It’s too late.” In reality, there is plenty that we can do in the years leading up to retirement to give our 401K a boost. We just need to know where to start! Read More

4 Retirement Crushing Mistakes We Make in Our 50s and 60s and How to Avoid Them
2 weeks ago

4 Retirement Crushing Mistakes We Make in Our 50s and 60s and How to Avoid Them

When we think about retirement planning mistakes, most of us think of things like “not starting to save young enough,” “taking on too much debt,” “not buying a house,” or “not saving 10%.” What these mistakes have in common is that they are all things that we do (or don’t do!) in our 20s, 30s and 40s. Read More

4 Critical Topics to Raise with Your Financial Planner in the Final Years Before Retirement
3 weeks ago

4 Critical Topics to Raise with Your Financial Planner in the Final Years Before Retirement

Read any retirement planning book these days and one piece of advice will stand out – start saving early! Well, this is all well and good, but, the truth is that many of us are already in the final years before retirement. The decisions that we made in our 20s and 30s are set in stone. Now, we want to know what we can do to make the most of our money in the years that we have left! Read More

Waiting Until Retirement to Find Your First Consulting Gig is a HUGE Mistake! 4 Ways to Start Early
5 months ago

Waiting Until Retirement to Find Your First Consulting Gig is a HUGE Mistake! 4 Ways to Start Early

In a previous article, I argued that announcing your retirement at work is one of the biggest financial mistakes that you can make. Not only can talking about your retirement result in lower compensation towards the end of your career, but, it can also limit your ability to work as a consultant, either for your ex-employer or one of the companies that you worked with in the past. Read More

3 Massive Reasons Not to Make a Big Deal About Your Upcoming Retirement at Work
5 months ago

3 Massive Reasons Not to Make a Big Deal About Your Upcoming Retirement at Work

How do you picture your retirement party at work? Do you imagine a room filled with champagne, laughter and plenty of stories celebrating your greatness? Or, do you picture half-a-dozen distracted co-workers standing in the break-room drinking $5 prosecco from plastic cups, glancing periodically at their watches as they try to determine whether they have spent enough time to be able to make a polite excuse so that they can get back to watching cat videos or writing emails? Read More

Why You May Live to 120… and 4 Implications for Your Retirement Plan
5 months ago

Why You May Live to 120… and 4 Implications for Your Retirement Plan

One of the most important numbers that we need to consider as we build our retirement plans is our life expectancy. After all, our expectations regarding how long we are going to live influence everything from how aggressive we can be with our investments to when we should start taking Social Security.

The problem is that the way that we look at life expectancy, in my non-professional opinion, is somewhat backward looking and may not fully account for potential developments in biotechnology,  Read More

5 Reasons Your 50s Are the Perfect Time to Start a Business
5 months ago

5 Reasons Your 50s Are the Perfect Time to Start a Business

People love stories, especially when they reinforce our own beliefs and prejudices. This is true in life and in business. Well, today, I want to talk about one narrative that is not only killing our dreams as older adults but is also damaging our economy – the story of the young, hacker entrepreneur.

Like the protagonist of Joseph Campbell’s “The Hero with a Thousand Faces,” we have heard the story of what it takes to be a successful entrepreneur a hundred times. Read More

3 Reasons Boomers Need a Side Hustle More than Millennials
5 months ago

3 Reasons Boomers Need a Side Hustle More than Millennials

If the lifestyle gurus are to be believed, starting a side-hustle is one of the surest paths to wealth at any age. But, on the whole, it is Millennials who have truly embraced the “Four Hour Workweek” and similar books.

Rejecting yesterday’s conventional wisdom – “Do well in school, go to college, get a good job, work hard for 45 years and retire” – younger workers are embracing freelancing, following their passions and planning their next job during the orientation for their current one. Read More

6 Retirement Planning Truths Recent Retirees Wish They Had Known in Their 50s (No-One Thinks About #3!)
5 months ago

6 Retirement Planning Truths Recent Retirees Wish They Had Known in Their 50s (No-One Thinks About #3!)

Are you worried about how prepared you are for retirement? According to a survey of hundreds of recent retirees that I conducted, you probably should be… but, not for the reasons that you think!

When we think about retirement planning, most of us have a big fat number in our minds – how much money have we saved? Or, not saved, as the situation may be. Read More

How to Save $300,000 for Retirement in 4-Weeks of Cleaning Bubble Gum
6 months ago

How to Save $300,000 for Retirement in 4-Weeks of Cleaning Bubble Gum

Imagine the following scenario. You are 57-years-old and have less than $10,000 saved for retirement. Realizing that you have less than a decade before “retirement age,” you decide that you are going to do “whatever it takes” (literally!) to get your retirement dreams back on track. So, you set out to find a part-time job with the intention of saving every penny of extra income. Read More