Category: Retirement Finance
Learn retirement financial strategies for success
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The Best Second Careers in Retirement: Finding Purpose
Upon retiring, I had this romantic vision of sipping coffee on the porch every morning, watching the sunrise, and not having a single care in the world. For about three weeks, that was absolutely bliss. Then reality hit. The days felt longer than ever, my sense of purpose started slipping, and I realized that I… Read more
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RMDs Made Simple: How to Take Withdrawals Without Tax Surprises
When I first retired, I remember staring at my IRA statement one morning with my coffee in hand, thinking, “So now that I’ve saved all this, do I finally just get to relax and let it grow?” A few weeks later, my financial advisor smiled politely and said, “Not exactly, William. The IRS will want… Read more
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How to Build Retirement Income Buckets That Survive Market Crashes
When I first heard about the “bucket approach” to retirement income planning, I pictured myself sitting at the beach, a cold drink in one hand and a bright plastic bucket in the other. It sounded like something kids used to build sandcastles, not something to help me survive 30 years of retirement without going broke.… Read more
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DIY Investing in Retirement: The Pros, Cons, and Real Truths You Need to Know
I’ve always believed that retirement should be about freedom—the freedom to sleep past sunrise, wear socks that don’t match, and, for many of us, finally take charge of our money without someone in a suit telling us what to do. That’s where DIY investing comes in. On paper, it sounds empowering. “Do it yourself,” the… Read more
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529 Plan to Roth IRA: What Parents Need to Know in 2025
I learned something recently that really made me want to tell everybody I know, the fact that the government now allows people with a 529 plan for their child to transfer the money into a Roth IRA account for their beneficiary! Of course, there are some caveats… If you haven’t come across it before, a… Read more
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The Emotional Side of Money: Coping with Financial Stress
When I was working, money stress usually came in the form of “Do I have enough to cover the mortgage, the kids’ college, and maybe a decent vacation without selling a kidney?” Retirement, however, brings a new flavor of financial stress. Suddenly, the paycheck stops, and the pot of money you worked so hard to… Read more
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Seven Smart Steps to Take Now to Prepare for the Next Market Downturn
Every time the headlines start yelling about “the worst day since…” I picture two versions of retired me. One version panics, refreshes the portfolio app, and wonders if I should sell everything and hide under the bed with a jar of peanut butter. The other version sips coffee, nods, and goes for a walk because… Read more
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Find a Roommate in Retirement: A Complete Senior Home-Sharing Guide
I have a confession to make. For years I walked past a quiet spare bedroom and treated it like a museum. The door stayed mostly closed, the bed looked perfect, and the room produced exactly zero dollars. At the same time, I watched utilities creep up, groceries cost more, and the house feel a little… Read more
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What Retirees Are Worried About in 2025 (And How to Plan Smarter)
Every new year brings its own set of worries, hopes, and unexpected surprises, but 2025 feels like one of those years where everything is shifting all at once. The economy is sending mixed signals, technology is changing faster than ever, and the average retiree, or soon-to-be retiree, has more questions than answers about what the… Read more
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Freelancing after 60: Cashing in the right way
When I left the 9-to-5 world, I thought I was finished with deadlines forever. I imagined mornings with coffee on the porch, leisurely walks, maybe an afternoon nap or two. And yes, I’ve had those moments. But let’s be honest, sometimes they get a little… well, boring. There are only so many times you can… Read more