Everyone’s experience in retirement is unique. But according to researchers, retirees share some common habits that can affect their happiness. Some offer attributes you may want to adopt and others you are best to avoid. Yet, they all can provide lessons on how to live a fulfilling retirement. Here are some common habits of happy retirees and unhappy retirees.
Stock market declines can feel alarming for just about everyone – no matter how seasoned an investor you are or how long your time horizon. A major reason is our own internal hardwiring. Psychological research suggests that we feel the pain of a loss twice as much as the pleasure of a gain.
No matter how many apples you eat or what age you retire, chances are you won’t keep the doctor away. That means medical care should be an important part of your retirement plan. The challenge is that health care costs in retirement vary from person to person, depending on personal factors such as your age, health history, income and Medicare eligibility.
How do you know when you’re ready to retire from the federal workforce? It’s not always an easy decision. Because it’s not only a matter of whether you want to retire but also can you retire yet.
Wow, 2020 sure seemed to last forever, right? Now, we can finally, finally say goodbye… wait, being told that it is actually the end of 2021.
In the song, “Beautiful Boy,” John Lennon sings, Life is what happens to you while you’re busy making other plans. That lyric is worth getting stuck in your head when planning for retirement. Because not all retirement mistakes are financial.
Your finances don’t necessarily follow the calendar, but some parts of the year are better for financial housekeeping than others. With tax season around the corner, the end of the year is a great time to review your finances and plan for the new year ahead.
“Inflation is caused by too much money chasing too few goods.” -Milton Friedman
Yes, you read the title right. Too much cash. Some of you may be thinking: how can anyone have too much cash? To put it one way, cash is a financial asset, but it’s not always an asset to your finances.
We are happy to recognize four Advance Capital Management financial advisors – Ryan Sheffer, Michael Hohf, Daniel McHugh and Terra Hohf – have been named to Forbes magazine’s 2021 Top Next-Gen Wealth Advisors list.
