Have you embraced becoming your own pension manager? When I was 13 years old, then President Gerald Ford celebrated Labor Day by signing ERISA into law. ERISA is the Employee Retirement Income Security Act (pronounced a-ris-a). And it is one of the most sweeping and influential laws that affects every worker in the country. This year ERISA turns 50! And you’ve either … [Read more...] about ERISA Turns 50. Happy Birthday!
planning for retirement
2024 Inflation: Implications for Lasagna, Ice Cream, and Retirement Income
June 2024 data shows prices moderating, but grocery bills still high July is my favorite month of the year. It has some very important dates including National Ice Cream Day on July 21st this year. Plus, my birthday and anniversary, and my older daughter’s birthday, all fall in July. And a bonus—July 29th is National Lasagna day! Two of my three favorite foods are … [Read more...] about 2024 Inflation: Implications for Lasagna, Ice Cream, and Retirement Income
Asking Retirees to Do the Impossible
Remain calm, cool, and collected during times of great economic uncertainty and personal unknowns (Part 1) Back on Aug 19, 2019, we started hearing the “R” word come out of hibernation. And it wasn’t “retirement.” At that time most economists believed the United States would tip into recession by 2021. Now, four years later, we continue to hear we’re moving into a … [Read more...] about Asking Retirees to Do the Impossible
Retirement Dreams Can Come True and So Much More
From the time she was a little girl growing up in Virginia, Veronica McCain always wanted to live at the ocean shore. She dreamed as a young girl how wonderful it would be to live at the beach. Her family took vacations along the Virginia coastline. As she became an adult and built her career, her retirement dreams included a place at the beach. Lo and behold, as Veronica … [Read more...] about Retirement Dreams Can Come True and So Much More
Do we need a million dollars to retire? Holy Guacamole! I hope not!
Every July 4th weekend Dan and I spend at least one full day going through our family finances and our plans for retirement. We push everything else aside—laundry, cleaning, cooking, children—and dive in to money topics. We get out snacks: chips and salsa and guacamole this year. And, importantly, decide where we’re getting take-out for dinner. Then, as … [Read more...] about Do we need a million dollars to retire? Holy Guacamole! I hope not!
