This is one of the all-time lines in the movies. Captain Quint, Police Chief Brody and Hooper are out looking for the Great White Shark in the movie Jaws. After the Great White attacks the Orca, Brody turns to Quint and says, “You’re gonna need a bigger boat.” What does this have to do with… Continue Reading: Practical Reasons Why “You’re Gonna Need a Bigger Boat”
You have decided to retire. Now it is life after your last paycheck. There will be no more direct deposit, at least not from your former employer. We wrote earlier about Why Getting Old is the New Normal. Here are practical steps for retirement. Identify What It Costs You a Year to Live Before anything… Continue Reading: Life After Your Last Paycheck: Practical Steps for Retirement
Here are 3 Practical Reasons for your coming Social Security haircut. Short History of Social Security The government formed the Social Security System in 1935. Monthly benefits began in 1940. As part of President Franklin Delano Roosevelt’s New Deal during the Great Depression, this initiative aimed to provide economic relief and reform. In 1950, a… Continue Reading: 3 Practical Reasons for Your Coming Social Security Haircut
Happy New Year! You didn’t make up another list of New Year’s Resolutions again this year, did you? According to Forbes 62% of Americans feel pressured to make New Year’s Resolutions. In 2024 The top 5 New Year’s Resolutions were: 1) 1) Improve Fitness – 48% 2) Improved Mental Health – 36% 3) Improved Finances – 32.8% 4) Lose Weight –… Continue Reading: 3 Reasons to Skip the Financial New Year’s Resolutions This Year
You don’t have to wait for Thanksgiving to be grateful. You can be grateful every day. It’s your choice. Life might not be going swimmingly well for you every day. I get it. I truly hope you didn’t expect it to. There have likely been speed bumps, potholes and dead ends in your past. It’s… Continue Reading: 7 Reasons Not to Wait Until Thanksgiving to be Grateful
We were recently visiting friends down south. They live in a beautiful community that has a Homeowners Association (HOA). Their neighbor had something odd in their yard, a batting cage. Our friends called the manager that runs the HOA to inquire about this. All they were doing was inquiring. The manager indicated that, as they… Continue Reading: Why Getting Old is the New Normal
4 Financial Lessons Learned From How to Pass in Middle School Many years ago, I attended my daughter’s open house for eighth grade. At the open house they move you from class to class quickly. This idea is to briefly replicate your child’s typical day and meet the teachers. The problem I encountered that evening… Continue Reading: 4 Financial Lessons Learned From How to Pass in Middle School
In golf the low score wins. The player with the least strokes per round is the winner. If you hit a bad shot into the woods or the water hazards (ponds and streams) you can get a mulligan. You can have a second shot and not have a penalty. However, according to the rules of… Continue Reading: No Mulligan for Retirement – Easy Ways to Get It Right the First Time
1) It Has Been a Heck of a Run Many Average Joe’s have done well in the markets for an extended period. From the market low in 2009, the Standard & Poor’s 500 Index (S&P 500 Index) has averaged over a 14% annual return. Even if you do not use the starting point of the… Continue Reading: 3 Easy Reasons You Need a Financial Lifeboat Drill
This article is original content written by local Manchester, CT Financial Advisor Thomas Scanlon, CFP®, CPA You have reached the holy grail (for some) and retired. Congratulations! You are in the Land of No Alarm Clocks. Now you can do (almost) whatever you want to do. You’ve worked your whole life to get here. Now… Continue Reading: 4 Easy Steps to Stay Retired