“Mrs. Foster, you & your husband should save at least $5million for retirement…at least!”
[THUNK]
That’s my psychological (& literal) piggy bank passing out from that advice. Most all financial planners I met with last year suggested $5million be our retirement savings target (east coast).
What the SAM HECK do [...]
So it’s time to take ownership & aim big.
I remember once being fearless in the face of challenges and dreams — going after them was the fun rush of life. Then on the financial front – I learned how much it costs to retire, to retire [...]
Last week’s Edelman rep owns a completely different philosophy.
After a few hours of reviewing our situation, he offered to draft an official financial plan – an $800 service. But he immediately said directing that $800 toward our debt pay off would be his first recommendation … vs investing it [...]
I meet with the administrator of our retirement plan tomorrow and look forward to nailing down:
what our monthly contributions should be to retire age 65 with 75% of current salary;
what our monthly contributions should be to retire age 65 with 100% of current salary (omg that seems nuts but heck why [...]
In my quest to find a financial planner for my family, I met with one last week from Ric Edelman’s firm. I’ve read a few of Ric’s books & appreciated his no-nonsense style & wit. I theorized associates working for his company would espouse similar credibility.
And that proved [...]
In preparing for another financial planner interview this week, I imagined how a certain discussion could play-out regarding our debt:
Planner to me: So do you have credit card debt?
Me: Sure do.
Planner: So why don’t you pay it off right now or at least increase your [...]
It’s the first Matrix movie.
We see Neo (pre-freedom) in a tech dance club with Trinity leaning over, whispering in his ear:
It’s not the answer but the question, it’s the question that drives you…
And the same the-question-must-drive-you theory applies when researching how financial planners make their money. I find it central to [...]
Kiplinger’s annual retirement planning issue gives keen & concise interview tips for your financial planner search.
One example here re: learning their client complaints policy:
I’m meeting with different planners and comparing their advice.
I liked last week’s planner, his personality & warmth. But after considering Kiplinger’s points to consider, I wouldn’t [...]
