Recently I was sitting in a retirement income training class and the four C’s of retirement planning were presented that just made good sense. I have changed the details a little so that they fit the Money Mastery Principles and philosophy, but here you go: First C:...
It is always nice to watch your retirement savings grow. When gains are posted to your 401(k) account, it has already overcome other significant costs — costs you may not even realize you are dealing with. For example, if you were to see a 5 percent gain...
We have too much information available to us today, especially when it comes to retirement planning. This gives us a false sense of confidence, so we think we can “do it ourselves.” But human nature shows that when we have too much on our plates of which we...
Whenever I teach a class on personal finance, everyone asks about retirement planning. Therefore, I ask all my students to explain what they are doing to prepare for retirement. The most common answers that come back to me are things like, “which is better,...
When I am explaining retirement planning to my clients, I like to use the analogy of buckets to help people visualize what they need to do to prepare the most appropriately for retirement. Think of retirement planning in this way: There are five financial buckets a...
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