What if pre-retirement savers have been doing things all wrong? Instead of focusing on stocks, to grow money for your later years, advisors are looking, increasing, at current income guarantees. They’re asking how you’re going to pay your bills when your paycheck stops.
Traditionally, you’re supposed to keep 50 or 60 percent of your money in [...]
What can you do if you’re being forced to retire without enough savings? That’s a question I’m getting a lot, as I book-talk my way up the West Coast. The unfortunate answer is, you’re cooked.
Maybe you can find another job to tide you over for a few more years. But when your paycheck finally stops, [...]
When your paycheck stops, that’s it. You’re done. You’ll have to match your manner of living to the resources you have–this year and for the rest of your life. You’d think that would be obvious, but there are a lot of ostriches around. They don’t want to think about life without a regular paycheck until [...]
I probably shouldn’t admit it, but I’ve always been bad about saving money whenever willpower was involved. You have my total admiration if you can actually “pay yourself first” by writing a check to your savings account every time a paycheck comes in. I’ve tried it and failed. Some months, that check got written. Some [...]
