What Is “Resulting” – And Why Is It Dangerous To Your Personal Finances?

2019-08-05 21_11_30-Book, text, diary and grey _ HD photo by NORTHFOLK (@northfolk) on UnsplashIf someone saves nothing for retirement, enjoys their hard-earned money during their working years, and then unexpectedly inherits a windfall at age 60, was not saving a good decision? Conversely, if someone saves diligently for retirement, lives frugally during their working years, and then dies suddenly from a heart attack at age 60, was saving a bad decision? This type of thinking, the author of today’s article explains, reflects the concept of “resulting” – and he warns that “In personal finance and investing, resulting is dangerous.” For more on resulting and the danger it poses, CLICK HERE.

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“Unretirement”, “Healthopias” & Other Personal Finance Predictions For Americans Over 50

2017-06-04 06_43_35-One U.s. Dollar Beside 100 Philippine Pesos · Free Stock PhotoA new “unretirement” life stage. A “cyclical” (rather than linear) lifeline. Much of what we pay for today (including auto insurance) being free. New “healthopia” communities for affluent boomers. These are some of the predictions so-called “futurists” are making in regards to the personal finances of Americans over age 50 over the next five and 10 years – as well as some “Jetsons” forecasts that look even further ahead than that. To read more about these personal finance predictions – including the type of impact investing that is expected to outperform the broader stock market in five years – CLICK HERE.

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What Low Returns, Longer Lives And Legacy Goals Mean For Retirement Saving Rates

2017-02-12 19_15_11-Black Ballpoint Pen on White Printer Paper Near Black and Blue Computer Mouse ·How much do you need to save in order to fund your desired standard of living in retirement? More than you think, according to a new study. Dramatically more. The reasons for this gap between the rates at which Americans are saving for retirement and the rates at which they should be saving? Low returns, longer lives and legacy goals. To read about what these factors mean for retirement saving – and for the author’s advice on what retirement savers should do in this “low-return, long-longevity world” – CLICK HERE.

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Think About This Instead Of Retirement (And 19 Other Personal Finance Rules)

2016-12-18 18_19_20-Films & TVWhen it comes to whether personal finances or portfolio management is more important, the author of today’s article is firmly in the personal finances camp. As such, he lays out a list of 20 personal finance rules, or “20 simple ways you can be smarter about your money.” Among these rules, why does he state that your goal should not be to live within your means, that you need to choose your neighbors wisely, and that everyone should do their own taxes at least once? Why does he state that you shouldn’t be thinking about retirement per se (and what does he argue you should be thinking about instead)? CLICK HERE to find out.

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