We’ve had a few conversations lately with clients on the edge of retirement or having recently crossed over to the other side. A few articles this week shed light on several key issues. The Average Retirement Age—An Update. Today’s average retirement ages of 64 for men and 62 for women are about the same as
“If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away.”
Serious illness and loss struck throughout our client base in 2014. Indeed, we acquired a lifetime of experience in 2014 dealing with serious illnesses among family members. This week we share some of the wisdom acquired. Mom & Dad, we need to talk. A family discussion on end of life care cannot wait until the
Intriguing subject matter relating to retirement was the topic of several sessions at the AICPA Advanced Personal Financial Planning Conference held January 19-21, 2015. This week we share some of the conference’s golden nuggets. What makes for a Satisfying Retirement? Although money matters, planning for a lifestyle can be equally important in order to get
Hard career choices have been a recurring theme this year in consultations with clients. We should say anguishing career choices, because these forks-in-the-road involve significant personal trade-offs, and the stakes are high. This week we offer practical input for high achievers making hard career choices. Must Success Cost So Much? Many high achievers find success
Am I on track? That question is posed to us quite often by individuals making general inquiries. Underlying issues usually are “Do I have enough to retire comfortably?” or “Do I risk running out of money?” This week’s blog addresses aspects of these underlying questions. In general, two main approaches are used in retirement planning
I received a note this week from a young man completing his undergraduate studies: Thank you to everyone who has supported me and helped me to get where I am today. I wouldn’t be who I am without the people I have in my life. It is self-evident that a strong support network helps young
The graduation season is just starting to bloom. This week we offer some perspective for the new graduate beginning a new chapter of life; we hope our words are broadly relevant to all our readers. Make uncertainty your friend. Uncertainty felt most acutely upon graduation never goes away. The challenge is to make uncertainty your
My daughter Susanna has a new job as Corporate Communications Manager for the Washington Redskins. It was serendipity, a fortuitous series of events that led to her first day of work on Labor Day. She received a call one Thursday evening about a job opening; she interviewed eight days later; she packed her car and drove to Ashburn, Virginia—home to Redskins Park—the following week.
My Dad—a retired pastor—has Alzheimer’s disease. Last week our family checked him into a long-term care facility. With the disease’s progression, caring for him was wearing out the primary caregiver, my Mother. Anyone who has faced this crossroads knows the anguish. However, the anguish is somewhat more bearable when the family has planned ahead. I am glad my parents have a long-term care insurance policy to help defray the considerable cost of my Dad’s care.