Retirement planning is a process. It takes careful planning and years of hard work to achieve success. It’s easy to slip or make some missteps along the way so we wanted to write a post about some of the common stumbles we see.
Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance or fate, we need to be aware of them as we plan for and enter retirement.
For the first time in a long time, travel is becoming a real possibility.
The pandemic hasn’t disappeared (and it’s not going away any time soon) but we’re turning a corner. More of us are getting vaccinated against COVID-19 every day, and more of us have a ready-to-travel mindset.
You could say that personal finance is a scientific art. On the one hand, it is about money and math. On the other, it’s about values, goals, and self-control. It’s easy to say that the key to financial security is to spend less than you make. Surely, subtracting a smaller spending number from your larger income number will result in a remainder which can be saved or invested. But that is not so simple.
More money than ever has started to pass from the baby boomer generation to the Gen X, Gen Y and millennial’s. In total, it’s possible that $30-70 TRILLION dollars might pass through the generations!
Many people are unsure of what to do when they receive an inheritance.
How much inflation can the country afford before we’re in trouble?
Let’s discuss.
First, let’s get on the same page about some basics.
If you’ve noticed the price of a thing increasing over time (say, your favorite candy bar or the cost of college tuition), that’s inflation in action.
Economists use the broad increase (or decrease) in prices of goods and services across the country as a measure of economic health.
