Most major life-changing events, such as marriage or divorce, involve an ongoing process of emotional adjustment. Retirement is no exception. Marriage, divorce and other family-related issues have been the focus of decades of research and analysis by both clinical therapists and religious institutions.
Unfortunately, the emotional and psychological frontier of retirement has remained virtually unexplored until recently. However, while research on this subject has barely begun, it is clear that the psychological process of retirement process follows a pattern similar in nature to the emotional phases accompanying other areas of transition. Read on to discover the six stages of retirement and what you can do to prepare for this important life transition.
12 Reasons You Will Go Broke In Retirement
Stacy Rapacon, Online Editor for Kiplinger
Note: I have edited this article for length. I believe that a well-designed retirement plan can help offset most of these obstacles to retirement success. It is certainly preferable to have a plan that has been constructed with some of these challenges in mind.
Today is election day, and while we are waiting for the results to see who will lead this country for at least 4 years, I wanted to copy you on a blog I read often from Dave Moenning, a money manager who writes prolifically almost every day about what’s going on in the market. I have highlighted some paragraphs that I think make a lot of sense. Hopefully you will as well. I don’t necessarily agree with his conclusion about no recession in sight or inflation, but we’ll leave that for another day.
Here you go:
While we wait, I want to expend my pixels on a discussion of the recent performance in the markets. Let’s start with stocks. In looking at a chart of the S&P 500 prior to Monday’s blast, it is interesting to note that the venerable index was sitting below where it was at the end of May. Same thing for bonds (as measured by the AGG – iShares US Aggregate Bond ETF). And the commodities index. And gold.
Real estate (as measured by the IYR – iShares U.S. Real Estate ETF) actually closed Friday about where it stood back at the end of February. Same thing for the EAFE index (a proxy for foreign stocks).
Stocks have reacted favorably to the recent election results, deemed by some to be the “Trump Effect”. Optimism is up, people are feeling better about the economy. But what does this really mean? Emotional investing tends to get us in trouble, so the question I wanted to answer for myself is what time horizon should the average investor have prior to investing a dollar into stocks, whether funds or individual securities.
When is a Good Time to Get a Reverse Mortgage
“To ignore the real advantage of home equity in retirement planning is like having a winning lottery ticket and never claiming your money.”
“Retirees simply cannot continue to ignore home equity as an income source and still meet their income goals.” Jamie Hopkins, Retirement income program co-director of The American College of Financial Services
Executive summary: Every homeowner over 62 should look at the advantages of including a HECM (reverse mortgage) in their retirement plan, and now is the time to do it. A window of opportunity exists now that will soon begin to close.
Have you ever said to yourself “I wish I had done that years ago!” or “If only I had done such and such back then, things would be different now.” I know I have. As they say, hindsight is 20/20.
This is a time like that. As it says in the Book “Now is the acceptable time.”