Thing One The Three Phases Of Retirement Retirement can be broadly divided into three phases: the active phase, the transitional phase, and the later phase. Each phase has distinct characteristics and financial needs, so planning for them requires tailored strategies. Below, I’ll outline each phase and provide guidance on financial planning, keeping the explanation concise yet comprehensive. 1. Active Phase (Early Retirement, ~60s to mid-70s) Description: This is the "g

Thing One Got Habits? An article published on gobankingrates.com included a list of the common habits of self-made millionaires. We’ve shared our favorites below: They’re frugal. This doesn’t mean they subsist on beans and rice and never splurge, but they do avoid impulse purchases and they know how much they spend each month on the basics. They invest in stocks. We’ve hit this point often in our newsletter and this article’s author agrees that “…investing in stoc

Thing One To Delay Or Not To Delay Your Social Security Benefits, That Is The Question The recent turmoil in the stock market along with shakier job prospects, longevity concerns, and fears of benefits cuts have many older Americans taking social security sooner than they might have otherwise. Below is an excerpt from a Yahoo Finance written by Kerry Hannon, that can serve as a primer on the topic: “…In my planning with clients, I try to keep emotion, political posturi