Posts on wealth planning strategies such as downsizing, planning for retirement, estimating retirement income, early retirement, wealth manager tips, how much money do you need to retire, retirement withdrawal strategies, taxes, estate planning, and retirement spending.
If you’re exploring early retirement like we were well over a decade ago, you may be wondering about the income provided from the standard 4% retirement withdrawal rule. Does the 4% rule include dividends, specifically? Or do investors using this popular plan get to withdraw 4% annually in addition to dividend income? The 4% rule …
If you’re approaching retirement, that anticipated time when you can live off investments or at least work fewer hours own your schedule, you’re probably transitioning to income investing. You may be wondering how to buy assets that generate income. The way you buy income generating assets depends on the type of asset you’re buying. For example, …
You may know that you want to start an online business, but you don’t know what the focus of your business should be. This post has the steps for how to choose an online business to start based on your own financial goals, skills, and desired lifestyle. These are the things that I wish I …
If you’re concerned about having enough income to live comfortably in retirement, you may want to start one or more income streams beforehand but you’re not sure where to start. To choose the best income stream to start before retirement, consider your desired income, eventual capital gain, acceptable risk and lifestyle. It’s easy to get …
The Best Income Stream to Start Before RetirementRead More »
Homes are the single most valuable asset many people own but homes cost money to buy and maintain. Plus, they can demand a lot of our net worth. How much of your net worth should be in your home? It’s is really a factor of how long you have to accumulate wealth, how much money …
A personal wealth plan is the foundation for building wealth but many people delay in making one. Are you wondering how to create a wealth plan? The steps are clarifying what you want, updating net worth, seeing if you’re on track and defining steps to reach your goals if you’re not. Why Create a Personal …
The more income streams you have the better, right? This is not necessarily true. How many income streams should you have then? The answer depends on your goals, available time, types of income streams, available capital, taxes, demonstrated success, income reliability, and desired lifestyle. In this post I’ll share what I’ve learned in each of …
How Many Income Streams Should You Have? [Videos]Read More »
It can be challenging to choose the best opportunity to use your capital when you have money to invest. If you’re wondering if you should start a business or invest in stocks, the major considerations are the 3 elements of time, potential return, capital, skills needed and risk. Over 15 years ago we wondered …
Start a Business or Invest in Stocks: Which Is Better?Read More »
It’s been said keeping wealth is harder than getting wealth. You may be wondering how to keep your wealth safe. Cyber security, mail fraud, bear markets, liabilities, leverage and lack of diversification all pose risk for your wealth. In this post, I’ll address 11 ways to help keep your wealth safe from each of these lurking …
You may find yourself in the fortunate situation of having wealth, yet you may feel uncertain about how to manage wealth, having never really been wealthy before now. There are 5 main steps to managing wealth: establish goals, lead your wealth toward those goals, decide how proactive you’ll be, select the types of investments, and …
5 Holistic Steps to Manage Your Wealth (As the Leader)Read More »
In my own investing and working with financial coaching clients, I know the complexity that can come with having multiple investment accounts at different places. Should all investments be in one place, though? The easy answer is that you should use as many investment firms as you need to meet your needs, including keeping your …
Are you thinking of moving to a smaller or less expensive home? Lately, as I get older, I’ve been asking myself “Is downsizing right for me?” The benefits of downsizing are many. Maybe you want to reduce stress, lower expenses, or just have an easier lifestyle before retirement. In this post, I’ll share the process …
Millions of people are spending most of their time doing work they don’t enjoy with one burning question on the back of their mind every day: How Much Longer Until I Can Retire? The simple answer is you can retire when you have either a high enough net worth, or have excess income to cover …
Managing your wealth is like raising children: You don’t know how to do it because you’ve never done it. By the time you know how to raise children, the kids are grown. Managing wealth is similar. Here are 9 wealth management tips that will help you keep and grow your money while enjoying the journey. Don’t …
Are you ready to begin retirement income planning? In this post, I’ll present the steps to an innovative retirement income planning process that’s different from the norm. This is the approach that we decided to develop and use in late midlife after being thrown a few curve balls. These curve balls are also known as …
Our Simple But Innovative Retirement Income PlanningRead More »
You may be wondering how to live off investments, especially in this day and age of extremely low interest rates when your investments don’t earn much income. Simply put, you can live off investments in one of three ways: Spend your savings and the growth from that money Spend the income your savings generates for …
How To Live Off Investments During Low Interest Rates [Videos]Read More »
Here I write about creating and living off multiple income streams from stocks, real estate and online businesses from late midlife onward along with my husband, Larry. After investing for almost 40 years, I share the good, the bad and the ugly. I invest our own money and do not manage wealth for others, so you get real, unbiased information that is not meant to construed as financial advice.
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