The Effects of Competition on Price
Imagine it’s the summer, and you’re sitting cozily in your lawn chair on the side of Main Street in your hometown, watching the Fourth of July parade. You are with your family, the sky is blue and the sun is hot, assembling all the necessary ingredients for a perfect holiday. Although thoroughly amused at the colorful floats passing by and marching bands playing patriotic tunes, you begin to get thirsty. For whatever reason, there are no stores nearby and you have forgotten to bring any water.
Whether retirement is thirty years from now or three, it’s important that you know what your options are for maximizing your nest egg and making it last as long as possible. Continue reading
Two years ago, at the conclusion of my discussion with a client over his finances, I posed this question, “What are some of your long-term financial goals?” His response was one I had heard frequently, “I would very much like to have a comfortable retirement in 20 years.” Continue reading
Are you nervous about being properly prepared for retirement? No doubt you have heard the concerns over whether Social Security will remain solvent. Unless lawmakers act, the Social Security fund will only be able to pay seventy-five cents on the dollar by the year 2033. Although Social Security will likely exist in some form when you are ready to retire, living strictly off of Social Security checks will be extremely challenging. Continue reading