Author: Kathleen Coxwell

does money buy happiness?

Does Money Buy Happiness? It Can! Here Are 11 Ideas for How to Spend Money to Increase Happiness

They were wrong. The answer to the question does money buy happens is… yes! In fact, the research is overwhelming. And, there are actually multiple ways to spend to increase happiness. Here are 11 ways to spend money to buy happiness. The following 11 tips are valuable whether you are 75, 65, 55 or 15!…

Bad News that Will Be Really Good Economic News in Today’s Topsy Turvy Times

As you look for signs of recovery from the economic turmoil of the pandemic, you’ll want to keep your eye on a few economic indicators that are usually seen as bad news. Why? Well, because in the topsy turvy world we live in today, bad news may actually be good news. Rising Unemployment Rising unemployment…

financial decision

How to Take Control of Your Finances: 29 Pieces of Real Advice from Real People for Real Wealth and Security

Want to know how to take control of your finances? Ask some smart people who are managing their own finances and actively planning for a secure future. On the NewRetirement Facebook group (join now), we recently asked: “What is one action you have taken that has improved your financial life?” How to Take  Control of…

happiness hormones

How to Boost 4 Different Happiness Hormones through Financial Planning

Most people think of financial planning as a source of stress. If this is you, I have news for you: you have it ALL wrong. Creating and following a financial plan is a great way to REDUCE your stress.  In fact, financial planning activities are guaranteed to release the four key hormones –dopamine, seratonin, oxytocin…

How to Use the I.R.S. to Figure Out Safe Withdrawal Rates in Retirement

The Internal Revenue Service (I.R.S.) is not usually thought of as an institution that adds a lot of value to our lives — to the contrary in fact. However, a few years ago, the researchers at the Center for Retirement Research at Boston College came up with a simple and relatively safe retirement withdrawals strategy…

self directed ira

What is a Self Directed IRA? Is it a Good Idea for Retirement Savings?

What Is a Self-Directed IRA? A Self Directed IRA is a type Individual Retirement Account (IRA)  that allows you to invest in a really wide variety of alternative investments.  Traditional IRAs require that  you invest in traditional asset classes — mainly stocks, bonds, funds, treasuries, annuities and certificates of deposit. Self Directed IRAs and Self…

how to set financial goals

How to Set Financial Goals for Short, Medium and Long Term Prosperity

Everyone knows that if you want to achieve something, you had better set a goal. However, very few Americans actually do or even know how to set financial goals. According to Schwab’s Modern Wealth Index, only 25% of people have some sort of written plan or goals. What’s worse? The Financial Health Network finds that…

how to get out of debt

How to Get Out of Debt: 12 Ways to Reduce this Expense for a Better Future and More Secure Retirement

In 2020, Fidelity reported that the majority of people who were making financial resolutions for the new year wanted to achieve a debt free life. While fortunes have shifted after the pandemic, it is still a very worthy goal. Not sure how to get out of debt? You have options. Based on my experience, there…

year end retirement planning checklist

Your Year End Retirement Checklist: Put 2020 Behind You and Prepare for a Great 2021 and Beyond

Feeling frazzled by holiday fanfare? Do you also have nagging worries about your retirement plans? One of the best ways to control stress of any kind is to make a list and check it twice. And we have done that for you. Here is a handy yearly retirement checklist — 24 things you should do…

investment gifts

Holiday Gift Guide: Great Retirement and Investment Gifts for Everyone in the Family (Even the Kids)

Another gift guide?  Yep! But, this one is focused on long term financial success and retirement happiness — not cool gadgets and warm sweaters — for everyone on your list, young and old. Great Gifts for Kids of Any Age Shares of an Index Fund Let’s say that you have a child who is 10…

family and money

Family and Money: Tips for Discussing Finances and Retirement with Your Loved Ones

This year family gatherings may be different (more Zoom, less slobbery kisses and heart felt hugs), but it will undoubtedly feel more important than ever to celebrate togetherness. While the focus of our gatherings will still be on love and celebration, the holidays are also an opportunity for discussions related to family and money. Like…

grateful retirement

Be Thankful and Practice Gratitude as You Near Retirement: It Improves Your Health, Happiness, and Finances Too

The holidays are the time we come together to give thanks and celebrate. It can also be a stressful time full of demands to cook, decorate and spend money. Sometimes the stresses crowd out the fun, so we have to remember to take time to be thankful and practice gratitude for our blessings. And, it…

Be Happy: 10 Ways to Worry Less About Your Retirement

Don’t worry, be happy… about your retirement. The last few months have been an emotional rollercoaster for many people, and you may be feeling constantly stressed about your finances. You’re probably asking yourself, do I have enough money to be happy in retirement? If you are worried, you’re not alone. According to a survey conducted…

best places to retire

The Best Places to Retire: 24 Lists and Quizzes Plus Tips for Making the Best Relocation Decision for You

We all love reading lists of the best places to retire.  They interest us, peak wanderlust and they make us think about what is possible in retirement. Besides, deciding if one of the best places to retire is in your own home or somewhere far away is a really BIG and somewhat complicated decision.  Browsing…

Overcome These 12 Big Financial Planning Mistakes (You Have NOT Seen a List Like This)

Very few people are experts at managing their finances, planning retirement, building wealth, and ensuring a secure future. Effective money management is often perceived as being: 1) too hard, 2) not immediately important, 3) something you can tackle next year or 4) too expensive (if you think you need to hire an advisor).  In fact,…

Your Guide to Medicare Open Enrollment for 2021: 12 Tips for Getting Great Coverage

Tis the season… No, it is not quite time to decide whether you’ll say Happy Holidays, Merry Christmas, Bah Humbug or none of the above. It does, however, involve shopping! The 2020 Medicare Open Enrollment season is upon us and will last from Oct. 15 to Dec. 7. Now is the time to assess your…

Didn’t Save Enough for Retirement? Don’t Worry: Here Are 10 Tips for Making it Work

If you think you haven’t saved enough for a truly secure retirement, think again.  The impossible could become possible with these 10 creative ways to retire. You see, saving diligently your entire life and then quitting work to play bridge is only one way to get to retirement. And, the odds are that it is…

Changes Coming to Social Security & Medicare: Small COLA and 6 Other New Developments for 2021

To say that Social Security and Medicare are important to the financial well being of seniors would be an understatement. Sixty-two percent of eligible beneficiaries rely on Social Security income for more than half of their income. And almost everyone who is eligible uses Medicare to help fund their healthcare after 65. Here are the…

How Do You Compare? Average Cash, Savings, Home Equity and Other Balances

According to reporting from the Transamerica Center for Retirement Studies, retirees have a wide variety of savings and investments.  Here are the average cash, savings, and home equity balances in the U.S.  Keep reading to see how your accounts and investment types compares to that of most retirees.  Use the NewRetirement Planner to see your…

enjoyable retirement

11 Bold Fun Tips to Help You Plan and Enjoy Retirement: Make it Awesomely Satisfying!

An enjoyable retirement is the goal, right? You work your whole life and hopefully create and follow a plan so that you can kick back and do what you want to do when the time comes. Well, a recent survey from Nationwide suggests that all is not going according to plan for many retirees. The…

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