Done by 60: Overstaying Your Welcome

Done by 60: Overstaying Your Welcome

Breaking news! Home ownership, if done right and in long stretches, can result in lower housing costs than if you were to rent that same house. OK, so you already knew that. But remaining a homeowner into your 60s? Now you're just overstaying your welcome. By planning now to be a renter later, ...
Done by 60

Done by 60

I’m moving to Ecuador! Not this year, of course, but I’ve started to view my own retirement plan through a very different lens. I notice that people almost always plan for retirement by projecting their current lifestyle (spending) into the future instead of planning for a future they’ve ...
Talking to Your Elderly Family Members About Fixing Their Portfolios

Talking to Your Elderly Family Members About Fixing Their Portfolios

A client of mine (let's call him Mike) recently showed me his 86-year-old mom's portfolio. Mike's father had handled the investment decisions, so his mother has let the portfolio run on autopilot since he died. Mike and his siblings are concerned about the contents of her nest egg, since 80% of
Mind the (Age) Gap

Mind the (Age) Gap

I could hear the pain in her voice when she shared her biggest concern: not being able to spend more time with her retired, much older spouse because she has to work in order to support their lifestyle. Since they didn’t do any advance planning and weren’t good at saving in their 40s and 50s, ...
The Pre-Retiree Portfolio Tune-Up

The Pre-Retiree Portfolio Tune-Up

If you’re a baby boomer who is about to shift from being a saver to a spender, you have at least one thing on your mind: “Is this market rally going to turn into a market correction the day after I slice into my retirement cake?” It’s the perfect storm for retirees. So am I saying a recession ...
The Alpha Boomer Anti-Retirement

The Alpha Boomer Anti-Retirement

My friend Jim likes to torture his friends with emails that showcase his exotic vacation du jour. We scowl at Jim because we’re usually viewing these wonderful images during our workdays. We envy his perfect alpha boomer lifestyle. Alpha boomers are a subset of the baby boomer generation. ...