Retirement Capital: How Much is Enough?
Required minimum distributions are not required this year...should you CARE(S)?
By Jeff Bernier
Are you aware of the changes to the retirement plan required minimum distribution rules contained in the CARES Act? Do you have questions on whether to delay your distribution for this year?
Can’t see the forest for the trees? It’s time for a Desert Day
By Jeff Bernier
Last week, I turned off my computer, turned off my cell phone, and headed out for a Desert Day. It’s the time when, once every quarter, I take a day away from everything—work, play, and even my family—for some quiet alone time to think, pray, and “sharpen the saw” so I can be as grounded and productive as possible in the months to come.
Seeking financial harmony in your marriage? Make time for the money talk
I’m not a marriage counselor or a psychologist, but boy, have I witnessed a lot of conflict among couples! As a financial planner, I’ve been helping people build stronger financial lives for almost 20 years, and I’m still amazed at the power money has to cause upset and arguments—even between the most loving, committed couples. In fact, if there’s one thing that can threaten the whole idea of marital bliss, I’m certain it is (you guessed it) money.
Optimism, aging, and creating your ideal life
Optimism. Just saying the word itself can make you feel better. When it comes to aging—and aging well—optimism is key, impacting how you feel in the moment, and even adding years to your life. And while aging optimistically may be easier said than done, it can be done.
Right-brained? Left-brained? Financial planning demands the perfect balance
Ask anyone you know if they are right-brained or left-brained, and they’ll probably have a pretty strong opinion on the matter. Artists and athletes tend to be creative, qualitative people who live and breathe in a right-brained world. Accountants and mathematicians tend to be data-oriented, quantitative thinkers who bask in their left-brain abilities.
Retirement may be the best time to “eat your principal”
It’s an investing rule of thumb you probably learned from your grandfather: “Don’t eat your principal!” And Grandpa was no fool. Living off your dividends and assets alone means you aren’t spending down the engine that drives your retirement income. As a result, your principal can continue to work for you for the rest of your life. But while the theory makes sense in some cases, times have changed quite a bit since your grandparents were planning for retirement.
