I recently happened on a thought-provoking article by, Paul Merriman, in Advisor Perspectives. He called it “Ten Retirement Lessons from the Smartest People I Know”. From my unique vantage point as a financial advisor, financial radio talk show host and financial mentor to thousands, I too have the good fortune of knowing and watching a lot of really smart people. …
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 …
10 Items for Your Year-End To-Do List
Can you believe it? 2009 is almost over! The older I get, the faster they go! I thought I would put together a quick note to remind you of some helpful, year-end tasks you may want to consider: 1. Rebalance investment accounts – this is something few people do but I highly recommend. This involves bringing your investment accounts back …
