Below we'll explore the lifestyle of a typical household earning $1 million a year living in New York City. A family anonymously shared with me their expenses, and I've done my best to tell their story without sharing their exact details. This post will give you a taste of what it's...
If so, how am I measuring that improvement? How much time is this taking from my other priorities? What, exactly, is my role? Role is not the same as title. Effective Agile Executives don’t just report up to their managers, they are also responsible for owning the relationships with ...
It's always good to use a numerical example to calculate when it's best to take Social Security. I'll use myself as an example. Let's pretend I'm single. The year is 2043, and I have reached full retirement age 66. I'm deciding whether to begin collecting benefits now or to dela...
My favorite gauge of whether I can afford something is whether I can pay cash for it while still meeting all of my other financial goals. If I have to borrow for something, or even if I consider borrowing for it to invest the difference, maybe I shouldn't buy it at all. It's a b...
“Life is what happens to you while you’re busy making other plans,” and let’s just say I’ve been a bit busy : ) I will talk more about my work helping fund life saving research, my sons advancement into this world and of course the Colorado Rockies among so many other things....
Can I Withdraw from My 457 While Still Employed? While every plan may be different, 457(b) plans generally do not permit in-service withdrawals except in the case of hardship. The IRS has this to say aboutwhat qualifies as a hardshipand what does not: ...
Conceivable is a mandatory conversion of a part of the 401k savings into bonds. What should people do against this when one day a letter is in your mailbox: “Sorry, we pay out only 50 % of your savings but for the other 50 % you are now proud owner of “Restore America Bonds”...
“I don’t want to sugarcoat anything,”Seeling said.“We are facing decades without significant turnarounds in assets, decades of — what I, my personal words, nobody else’s — unsustainable pension costs of between 25 percent of pay for a miscellaneous plan and 40 to 50 percent of pa...
I’m going to be involving my daughter in this process, picking out specific companies, which is a much better learning tool. She will not only see her money grow, she will know exactly what companies the money is in. She will learn some basic business knowledge along the way, and get...
I even tried to talk him out of buying it but that was the only thing that would make him and his wife feel safe (he had a bad experience with a previous advisor). If a guaranteed is what you’re after, an annuity might make the most sense. ...