Author: Kathleen Coxwell

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 9 Big Financial Planning Mistakes (You Have Never Seen a List Like This Before)

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 or specialized, 2) not immediately important, 3) something you can tackle next year or 4) too expensive (if you think you need to hire an advisor). …

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…

how to retire abroad

How to Retire Abroad: 12 Tips for Retirement Overseas

Are you wondering how to to retire overseas? If so, you’re in good company! Retiring Overseas Has Almost Doubled in Popularity Retiring abroad has become increasingly popular.  According to the Social Security Administration, the number of retirees who draw Social Security outside the U.S. jumped 40%, to more than 413,000 between 2007 to 2017. And,…

getting old is optional

Growing Old is Optional! 14 Stories of Amazing Accomplishments by People Older than You

Age is just a number.  In fact, even the word “old” means less and less these days as many of us stay healthy and active well past the traditional retirement age of 65.  Is 80 the new 40?  Or, is 100 a better benchmark age for enjoying life and achieving interesting things? Preparing for retirement…

pros and cons of annuities

The Pros and Cons of Annuities: How to Evaluate Annuities for Your Retirement

If you are worried about paying for retirement, it is worth evaluating the pros and cons of annuities. The Big Takeaways…   Annuities are a great way to provide guaranteed lifetime income in retirement while hedging against inflation and other financial woes. Though less risky, annuities generally yield lower returns than other investment products, and…

The Right Kind of Stress for a Secure, Happy and Relaxed Retirement

When most people think about financial and retirement planning, feelings of stress, worry, and anxiety rise in our throats. This stress — while unpleasant — exists for good reason. Stress serves a purpose. Less than 50% of people have a written retirement plan. The majority of people simply don’t have enough saved for this time…

retirement investing

6 Competing Retirement Investing Goals and How to Sort Them Out for Long Term Wealth

Saving for retirement is hard.  However, when you are still working, creating a retirement investment plan can be relatively 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 have a whole lot of…

retiring athlete

What You Might Have in Common with Retiring Olympic Athletes

A new documentary, The Weight of Gold, explores the many mental health challenges that retired Olympic athletes face. You might be surprised to learn that those challenges are similar to what happens at retirement to many people in far more mundane jobs.  Retired Olympic athletes – and anyone who has retired from a job where…

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