On Retirement

July 2011


Mind Tricks to Help Your Retirement Planning

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We often develop habits and adopt thought patterns that can work against our plans for retirement. Some of these counter-productive behaviors may impair the growth of our retirement nest egg or obscure our retirement lifestyle goals. Here are a few mind tricks I have used in recent years to ...

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retirement

4 Misleading Pieces of Retirement Advice

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Saving for retirement can often seem confusing because everybody seems to have a different strategy for dealing with the problem. While there is really no single correct solution, we also have to deal with widely accepted theories that are not entirely true. It's critical that we double check all ...

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retirement

Do You Have a Clear Investment Strategy?

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One of the most important parts of taking a cross-country trip is using a road map. Sure, it can be fun to take the back roads and get lost every once in a while. But even when that happens, you usually know exactly where you plan on ending your journey. Retirement investing is similar, only you ...

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Staying Energetic is Key to a Happy Retirement

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Almost every day, I look at my 16-month-old daughter and wish to have the energy she seems to possess. She constantly runs around the living area, throwing pillows across the room and picking them back up, just so she can throw them in the other direction. She climbs the stairs, comes down, and ...

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retirement

Be Careful Where You Get Your Investment Advice

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When it comes to money, it seems like everyone has his or her own best interest at heart. All you have to do is look at a couple of high profile cases like the Bernie Madoff and Allen Stanford scandals, two different hedge fund managers accused of running billion dollar ponzi schemes, to be aware ...

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retirement

Investing in the Oracle of Omaha Falls Short

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I am a huge fan of Warren Buffett, who justly deserves to be known as the Oracle of Omaha. His company, Berkshire Hathaway, increased its book value by 20.3 percent annually for the past 44 years—an astounding record. In the decade from 2000 to 2010, Berkshire Hathaway stock returned 76 percent.

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retirement

Income Diversity Can Ease Your Retirement

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Many people assume that accumulating a huge nest egg is the best way to save for retirement. A nest egg worth $1 million, for example, would allow you to safely withdraw about $40,000 from your retirement account each year. As long as you can live on $40,000 a year, this can be a good plan.

[See 10 ...

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retirement

Fear and Panic Can Clobber Your Returns

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There’s a lot of bad news spooking investors these days. The possibility of a default by Greece could cause a domino effect that might threaten the euro. Will Italy, Spain, and Portugal be next? The economic recovery at home continues at a sluggish rate. The decline in the housing market seems ...

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retirement

5 Ways to Help Your Children Become Wealthy

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Becoming wealthy by the time we retire is a goal many people strive for. But due to the scarcity of time, few of us ever achieve this feat. Our children, however, have plenty of time to let compound interest help their money grow. And parents can significantly increase the chances that their ...

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retirement