Many people nearing retirement make the mistake of just “guessing” their retirement income needs rather than actually calculating what they’ll need to support their retirement spending. This is because many people don’t put enough thought into their financial needs when they are working, either. However, given that you don’t have the income from a job […]
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You’ve left your 9-to-5 job and are enjoying retirement. However, if you retired early, your Social Security check may no longer be adequate. Perhaps you need to support your adult children or your grandchildren. During retirement, life can often become more expensive than it was before. And, certainly, many of the financial obligations you had
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We read an article recently examining more than 800 locations in America, comparing everything from housing costs to taxes to health care, air quality, and natural hazard risk. What they found were some of the best places to retire in 2024. The town of Las Cruces, for example, a town of 116,000 people, has a
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Nobel laureate, the late Daniel Kahneman, proposed a question; “How does the experience of a loss compare with the experience of a gain?” There were four possible answers to choose from: Which answer would you choose? Kahneman’s research study concluded that losses are twice as painful as gains are pleasurable: “This phenomenon—known as loss aversion—suggests
How Would You Answer the Question? Read More »