Are you rich? Pause for a moment and really consider the question. Does it make you feel uncomfortable to consider yourself rich? No matter how much money we have, most of us avoid classifying ourselves as rich.
Financial Planning is not a one-time set it and forget it event, it's a process that must be reviewed for changes over time and adjusted.
If you've been abroad for any length of time, you automatically become an information resource for later arrivals. And you end up saying the same things over and over and over.
We consider ourselves extremely lucky that we are both interested in managing our finances without an expensive adviser and wonder why so many people whether single or attached don't. With many couples it is usually one who is trying to get his or her spouse interested, or the differences are similar to ours, one is overly aggressive and the other is overly conservative.
The question is, if Americans are so diligent at doing their research, crunching the numbers and making decisions for their tourney brackets, why don't they put in that kind of effort for retirement planning? After all, the stakes are much higher.
Encore careers are perfect opportunities for boomers to combine what matters to them with what works for their business. Exercise studio owner Leigh Hometh found both personal and professional satisfaction through a career reinvention that has provided meaning and purpose in her life.
What activities are going to keep you active, engaged, socializing and busy? Think about your plan for how you will spend your time now. Talk about it with your spouse or partner so you are on the same page.
Procrastination can kill you when it comes to saving. Putting off saving, investing or planning for the future can be detrimental to your financial health.
Wall Street associations and lobbyists are fighting the DOL and SEC 'tooth and nail' to avoid higher ethical standards for hundreds of thousands of stockbrokers who sell investment products to current and future retirees.
I refuse to sit idle while others attempt to dismantle Social Security. I will not surrender to the fuzzy math of the anti-government crowd who think deregulation and privatization is a panacea for all ills -- real or imagined. I have a simple proposal that would keep Social Security solvent without slashing benefits.
As I reflect back on the year, the philosophy I took at the time of transition -- life is what you make it -- has proven to be true. Importantly, we have learned together and grown as a couple. I believe the lessons are worth sharing.
Rather than looking at the last act of our lives as a downward slide into powerlessness, loneliness and abandonment, we can start to pave the way right now for a rich old age full of meaning, connections, support, love and caring.
Watching Birdman (Or the Unexpected Virtue of Ignorance) was a lot like going through menopause -- one minute I was delighted, the next I was depressed, and a few times I delved into a scene and forgot why I was there. There was something profoundly honest in the movie that touched my Baby Boomer soul.
To help us all better understand how to reduce the exposure to conflicts of interest, high fees and lockup periods, I called upon Marie Chandoha, the president and CEO of Charles Schwab Investment Management, Inc.
"Being an expat isn't always easy," she said. "It's kind of like having children. If someone had told us beforehand what it was really going to be like, we might not have done it." But at the end, she said, "When it's all over, it's so rewarding and so worth it."
More expats live in Bangkok than in any other city in Southeast Asia. Who would retire to Bangkok? To answer that question, you need to spend some time here. Your first impressions of Bangkok likely will be that this is a huge city with some tourist attractions. If you stick around, though, your perception will change.