HOW LONG SHOULD YOUR NEXT VACATION BE?
General Information, LifestyleTravel is intoxicating, the more you do, the more you want to do. My husband, Chris & I were able to test this theory recently by traveling for nearly a month. We were in a period of transition, we had sold our house, city apartment and…
Every Vacation Experience is Different (or should be!)
General Information, LifestyleWe often get the question, “What trip would you take?” I want our clients to understand that Chris and I believe everyone is different. There is no “one size fits all” vacation experience. It is very important not to judge what…
A Little Goes A Long Way
General Information, Lifestyle“My clients have been using our Cruise Planners/American Express Trip Registry product more and more often to celebrate milestones in their lives and I just had to share it with you.
Recently a client mentioned to me that her parents would…
Identify your sources of retirement income
General Information, Have MoneyOnce you have an idea of your retirement income needs, your next step is to assess how prepared you are to meet those needs. In other words, what sources of retirement income will be available to you? Your employer may offer a traditional pension…
Estimate your life expectancy
General Information, Have MoneyThe age at which you retire isn't the only factor that determines how long you'll be retired. The other important factor is your lifespan. We all hope to live to an old age, but a longer life means that you'll have even more years of retirement…
Decide when you'll retire
General Information, Have MoneyTo determine your total retirement needs, you can't just estimate how much annual income you need. You also have to estimate how long you'll be retired. Why? The longer your retirement, the more years of income you'll need to fund it. The length…
Don't forget that the cost of living will go up over time.
General Information, Have MoneyThe average annual rate of inflation over the past 20 years has been approximately 3 percent. (Source: Consumer price index (CPI-U) data published annually by the U.S. Department of Labor, 2009.) And keep in mind that your retirement expenses…
Project your retirement expenses
General Information, Have MoneyYour annual income during retirement should be enough (or more than enough) to meet your retirement expenses. That's why estimating those expenses is a big piece of the retirement planning puzzle. But you may have a hard time identifying all…
Use your current income as a starting point
General Information, Have MoneyIt's common to discuss desired annual retirement income as a percentage of your current income. Depending on who you're talking to, that percentage could be anywhere from 60 to 90 percent, or even more.
The appeal of this approach lies in its…