The problem with this plan is that many people end up leaving the workforce earlier than they intend to for three main reasons:
Tag: financial coaching
Two Numbers That Can Help You Understand Your Retirement Fund
56% of workers in the U.S. contribute to a workplace retirement plan. However, most people just leave their retirement savings in the default option their company picked out for them. But is that really the best choice?
Practice Having Money Conversations
When my sisters and I were helping our mother transition from our family home to an apartment and then to assisted living, we had to have a lot of money conversations. At first it was difficult – especially since it meant asking a parent to reveal their finances to their children. But with time, those … Continue reading Practice Having Money Conversations
39 Percent Have No One To Talk To About Money
Back in my 20s and 30s when I was a broke theater artist I definitely had no one to talk to about money. I already got plenty of non-financial advice from my parents and sisters so I wasn’t about to ask them, my friends were all just as broke as I was, and the idea … Continue reading 39 Percent Have No One To Talk To About Money
Is Five Years Costing You Half a Million Dollars?
I wish I could get into a time machine and tell my younger self … start investing now! The effect that time has on investments is so incredible that even just starting small, I probably could have retired at 42 instead of 52! Not sure what I mean? Here’s an example: At age 30 Jane starts putting $250 per month into an index fund in her company’s retirement plan
Why Your Credit Card Shouldn’t Be Your Emergency Fund
Imagine this scenario … Bruce has a sudden dental emergency and gets a bill for $2,500. He doesn’t have any savings – who knows where the money goes each month – so he puts it on his credit card at 20% interest. “Luckily” the minimum payment is only $42 per month – he can figure … Continue reading Why Your Credit Card Shouldn’t Be Your Emergency Fund
Book Review: “The Millionaire Next Door”
The Millionaire Next Door by Thomas J. Stanley and William D. Danko is on many lists of “top personal finance books” – but should you read it? If you are looking for a book on how to manage your personal finances – this isn’t it. But if you are curious about the lifestyle of the … Continue reading Book Review: “The Millionaire Next Door”
Why Choose Personal Financial Coaching?
Every person’s money situation is unique. We each have our own pre-existing financial habits, and a unique set of experiences that have shaped our relationship with money. As a personal financial coach I can give you straight answers that are specific for your situation – which is something you can’t get from a book or … Continue reading Why Choose Personal Financial Coaching?