Author: Kathleen Coxwell

retirement spending calculator

9 Ways to Overcome the Terror of Spending Your Retirement Savings

Terror about retirement spending is not uncommon. In fact, most people are worried about spending their nest egg and running out of money. After all, you have been conditioned for decades to earn, not spend. You were probably a teenager when you opened your first paycheck and officially started the cycle of earning and spending…

life after retirement

Prepare for Life After Retirement: 6 Ways to Find Meaning and Purpose for this Stage of Life

  While we’re in the daily grind of working for a living, we often visualize life after retirement as happy, stress-free relaxation. Getting a little R&R is certainly important, but there is a limit to the amount of napping, puttering around the house and daytime television a person can take. Without a plan for life…

retirement calculator with pension

Retirement Calculator With Pension: Find the Inputs You Need!

While pensions are not nearly as common as they once were, they are a very important part of the retirement plans for many of society’s most valued workers: teachers, police officers, fire fighters and more!  However, it is surprisingly hard to find a reliable retirement calculator with pension inputs. 5 Retirement Calculators With Pension Controls:…

behavioral finance

Behavioral Finance: 16 Ways to Outsmart Your Brain for More Wealth and a Better Retirement

Your brain is not necessarily set up in a way that makes it easy to plan a secure retirement. You have cognitive biases — faulty ways of thinking that are unfortunately hardwired into your brain — that work against you.  Behavioral finance and behavioral economics are the study of these phenomena. Understanding behavioral finance and…

life expectancy by county

Life Expectancy by County: WHERE You Live May Suggest HOW LONG You Live

Life expectancy has mostly been rising in the United States — overall. However, recent research has found that there are significant differences in life expectancy by county. In fact, in many counties, the average life expectancy is 20 years — TWENTY years — shorter than in other areas.The good news is that some areas of…

6 Meaningful Ways to Leave a Financial Legacy to Your Heirs

When approaching retirement, it’s common for people to start thinking about legacy planning: how they’ll be remembered and what they’ll leave behind. In most cases, leaving a legacy for children, grandchildren, or charities – and other causes people are passionate about –  takes careful planning and the advice of a financial planner. Read on for…

retirement investments

Should You Use a Financial Advisor Affiliated With Your Bank?

Pensions have pretty much gone away.  We spend 20 to 30 years in retirement.  And Social Security covers only a fraction of our retirement expenses. This means we are pretty much responsible for saving everything we need for retirement on our own. This may seem like a daunting challenge; some people might consider the help…

financial advisor fees

Financial Advisor Fees: What Will You Pay to Use a Financial Advisor

Financial advisor fees can be confusing because different kinds of financial advisors have various ways of charging for their services. These are the most common types of fee structures: commissions; flat or hourly fees; assets under management (AUM); and fee-based (a combination of fees and commissions). All of these payment methods are used by legitimate…

homesharing

Home-Sharing: The Golden Age of Golden Girl-Style Retirement Living for Baby Boomers

It has been nearly 30 years since the hit television sitcom starred in living rooms across the nation. However, we may be just reaching the golden age of the Golden Girls. While their arrangement may have seemed unusual at the time, four adult women sharing an apartment may not be that far-fetched. In fact, many…

Ask Yourself These 3 Questions to Find Out Your Retirement Readiness

While financial and health concerns are a major part of every person’s retirement decision, it’s important to ask yourself questions that go beyond financial preparedness to help determine at what age retirement is right for you. Americans are living longer than ever. This means that many individuals will actually spend more years in retirement than…

retirement security

For Retirement Security, Make a Plan for Everything that Could Possibly Go Wrong

If you want to achieve retirement security, it may not be adequate to just have enough money saved and have a detailed retirement plan. Even if you have guaranteed retirement income, you’ve maximized your social security, you have terrific supplemental medicare insurance, and you know exactly what you want to do in your golden years,…

Going Back to Work After Retirement: The Good, the Bad, and the Ugly

After a lifetime of working and saving, you’ve finally come to the point where you feel comfortable enough to retire. Though the long-winding path to reach this milestone was supposed to bring more peace of mind; instead, now that you’ve left the workforce, it has precipitated a fear of outliving your money. “The main financial…

retirement investment plan

6 Competing Priorities That Complicate Your Retirement Investment Plan

Saving for retirement is hard.  However, when you are still working, creating a retirement investment plan can be seem straightforward.  The goal is to simply grow the money. But when you retire, your investment goals become multi-faceted, layered, and downright complicated. You still want your money to grow, but you should take less risk. Plus,…