For better or for worse … when life changes

Think back on the seminal events in your life. How many would you say were fortunate? How many unfortunate? Financial planners have a term for those changes. We call them transition events. Examples of transition events include: marriage, retirement, career change, divorce, loss of a spouse or parent, a windfall or settlement, bankruptcy, the sale of a business and inheritance. …

Step #5 – Retirement Preparedness Checklist: Create Enough Cash Flow to Cover Retirement Expenses

Think about this. Most companies don’t go bankrupt because they are not profitable. They don’t go bankrupt because the value of their assets has declined. They go bankrupt because they do not have sufficient cash flow to pay their creditors and employees. A company can lose money, on paper, but stay in business indefinitely so long as it has sufficient …