Monthly Archives: August 2012

Saving Marshmallows for Retirement

Back in the 1960s, researchers at Stanford University conducted a study on kids’ emotional maturity. Specifically, they were examining how much “delayed gratification” preschoolers could display. The researchers gave one marshmallow to a child and said the youngster could eat … Continue reading

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Finance Friday: Don’t Be Like Prince Harry.

Poor Prince Harry. Caught with his pants down while in Las Vegas. But how many of us are going to be caught with our financial pants down when we reach retirement? To avoid future financial embarrassment, start making good choices … Continue reading

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Do I Have Enough Savings to Retire?

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According to a study from the Employee Benefit Research Institute, there are four main factors Americans consider before they make the big retirement decision: affordability, lack of job satisfaction, a desire for more personal/family time, and health status. While the … Continue reading

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Retirement Myth: Never Spend Your Principal

The conventional wisdom in retirement planning is to never spend your principal once you’re retired. That would make good sense in many cases, except for that little collection of rules overseen by the IRS known as the Internal Revenue Code. … Continue reading

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Finance Friday: Husbands, Don’t Start Social Security Early!

A recent study about Social Security advice from The Wharton School indicates that many financial advisors do not understand how spousal benefits work, much less how the decision to claim benefits early can financially harm a surviving spouse. Many advisors … Continue reading

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Your New Job in Retirement

If you are already retired (or will retire soon), are you ready for your new job in retirement? I’m talking about you being your family’s retirement income manager. You see, if you’re like many Americans nowadays, this will be your … Continue reading

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