As you get older, you begin to realize that you wish you had done some things differently during your lifetime. One major concern that we hear is that people wish they had planned for their retirement much earlier in life. When you are young and busy building a career and family, the thought of retirement planning does […]
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Enjoy the Benefits of Financial Planning: Live Younger Next Year
You need to plan for a 3+ decade retirement. This generally comes as a surprise to most people the first time they hear it, but modern medicine continues to extend people’s lives well beyond what their parents experienced. As a reminder, the average non-smoking man and woman retiring at the U.S. average retirement age of […]
Keep Calm and Carry On
Keep Calm and Carry On is a catchphrase that originally appeared on a World War II-era British public safety poster. After one of the original posters was recovered and placed in a British bookshop in 2000, the inspirational message was shared online, sparking a series of images centered around the template “Keep Calm and X.” […]
Common Misconceptions about Retirement
Baby boomers who are currently in their 50’s and 60’s are beginning to view retirement differently than the previous generations and are redefining what it means to retire. Which is a good thing as the old model for retirement no longer fits the new reality. In fact, many boomers will consider retirement as a new […]
Beginnings and Endings
There is a natural progression for most things in life where there is a beginning and an ending. Most phases or experiences usually have a distinct starting point and a final finish. This also occurs with aging as the early years are categorized as infant, toddler, preschooler and so on with each phase clearly defined. But as […]
Retirement Guide; Getting from Here to There
Free Retirement Guide; Getting from Here to There Some day you and your spouse are going to retire — and when you do, you’re going to need money! How much money will you need to retire comfortably and not outlive your assets? More than you think. Studies have shown that on average, retirees need anywhere […]
Are you Psychologically Prepared for Retirement?
Have you done all the planning and believe your retirement is all accounted for financially? Well that is a good start. But have you taken the time to plan how the changes will affect you psychologically when you transition into retirement? Most major life-changing events involve an ongoing process of emotional adjustment, and retirement is no exception. Retirees must face, […]
Save More Tomorrow: 401 (k) Strategies
Even when employees are lucky enough to have a 401 (k) plan offered by their employer, they are not saving enough to have sufficient funds in their savings account to maintain their lifestyles after they retire. This sobering fact is from the Center of Retirement Research for the Wall Street Journal using data compiled by […]
Robert Merton Interview – Video
This post is a video post. The video is an interview with Robert C. Merton who is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management. Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for a new method to determine the value of derivatives. He […]
Meir Statman Interview: Mandatory Saving at work?
Meir Statman is the Glenn Klimek Professor of Finance at Santa Clara University. His research focuses on behavioral finance. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets. In this interview with Institutional Investor Journals, he discusses the recent news of a retirement crisis in […]
About Dan & Maureen
Dan and Maureen founded Crimmins Wealth Management, a fee-only independent financial advisory firm, to work with individuals and their families to help clarify and plan for their futures by helping them relate money to their lives.
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