You’re aging. You can’t stop that…well…unless you die. But, let’s say you live. Who will house and feed you when you get older and don’t want to, or can’t, work to support yourself? I was recently on a training webinar for Private Family Banking, and a story was told about a couple whose children were… Continue Reading
Generation X is the current “Squeeze” generation. You may have children in or about to go into college. You may have parents who need or will soon need your physical and perhaps financial help. And, oh yeah, you have your own hopes and dreams. All these demands will take money…your money. And, if that wasn’t… Continue Reading
Millions of Baby Boomers are retiring every year, and as they start taking funds from their retirement accounts, they’re forced to sell stocks to withdraw cash. Basic economics tells us that, as the supply of stocks for sale on the markets increases, share prices are pressured downward. Supply and demand. As supply increases, with fixed… Continue Reading
It was bright and sunny this morning, with temps in the low 90s, when Lois and I walked out our front door for our regular 2.5-mile morning walk. A typical Arizona summer morning. We walk a route through our palm-lined neighborhood, which gets us within about a mile and a half of the Luke Air… Continue Reading
Life is a cash flow process composed of cash flow events. We most often think of our personal finances in terms of income and expenses, or perhaps wealth and debt, but it really all boils down to cash flow. Cash flow is a business term that looks beyond monthly income and expenses to consider a… Continue Reading
You and I are created to succeed. It’s the world around us and the world in us that war against our success. In the 3rd book from the Apostle John in the Bible, God tells us, “I pray that you may prosper in all things and be in health, just as your soul prospers.” In… Continue Reading
Financial advisor, Michael Kitces, says, “The modern retirement portfolio will really rely on four pillars for retirement income – interest, dividends, capital gains, and principal.” Most Americans can add Social Security as a 5th retirement income pillar, and in this article, we’ll examine these 5 post-employment income sources, their tax consequences, and how they might… Continue Reading
We’ve all heard the Aesop Fable about the Tortoise and the Hare. A hare ridicules a slow-moving tortoise until the tortoise challenges the boastful rabbit to a race. The hare soon leaves the tortoise in the dust, and is so confident of winning, he stops to take a nap. However, when the hare awakes, he… Continue Reading
According to an excellent blog article by Financial Advisor, Michael Kitces, there are 3 common ways people retire: An extended semi-retirement Traditional retirement Mini-retirements What’s eye-opening in his presentation is the effect these choices have on how much you’ll need to save, depending on which “retirement” you plan to do. I’ve included one of Kitces’… Continue Reading
It was seven years ago today I had the privilege of being interviewed by Pat Robertson on the 700 Club for my book, The Debt-FREE Millionaire. If you’d like to see the interview..just click on the image below… Also… if you’d like to get access to the 7-week course that’s based on my book, click… Continue Reading