Curated articles and podcasts from trusted financial experts and real retirees.
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By Christopher Avery, Guest Writer “Death never takes the wise man by surprise, he is always ready to go.” — Jean de La Fontaine Most people are un- or under-prepared for their inevi...
[Editor's Note: For those who want to inspire the WCI community and teach the knowledge they’ve gained in the financial and/or wellness spaces, we are officially calling for WCICON25 speakers. W...
By Dr. Jim Dahle, WCI Founder I tell new attending physicians (and their equivalents in other professions) to live like a resident for 2-5 years after they finish their training. The meaning of those ...
– Almost nineteen years into early retirement now, I’ve come to realize that the complete freedom of this lifestyle can be a double-edged sword. You’ve already heard me raving plenty...
When we talk about solar panels, we often think about how good they are for the world. It has perks and saves money. But do solar panels really save money? There will be times when we buy things, leas...
The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading ... Read more...
By Dr. Jim Dahle, WCI Founder One of the greatest challenges of WCI is answering Speak Pipe (pre-recorded) questions on the podcast. While Megan Scott (podcast producer) and Wendel Topper (AV guru) sp...
Today, we are answering your asset allocation questions. We talk about how to adjust your asset allocation and when to do it, what changes with asset allocation when thinking about your long- vs short...
You can retire early by 50 or 55 if you take these FIRE (Financial Independence, Retire Early) steps now....
Don’t take a non-expert’s advice on when to claim Social Security benefits — they don’t know everything about your unique situation....
If you don’t have children or a support system of close friends nearby, you face some special challenges. For peace of mind, answer these seven questions....
For many people, the subject of money carries a certain stigma in social settings, especially when discussing income, retirement savings, ... Read more...
... but my friends keep telling me that condo fees "go up all the time." Is there are truth to this? If you own/have owned a condo, what was it like? Please tell me the good, the bad and the ugly! (Th...
What happens if a water wheel stops moving? On this episode we draw some comparisons with the age old water wheel and retirement income streams. Glenn is available for in person and online meetings if...
The earlier you begin trying to save, the easier you’ll make things for your future self....
A long and happy retirement takes more than just money. Here are seven things happy retirees do – besides dutifully saving the money they’ll need to quit the 9-to-5 grind....
Gen Xers & young Boomers see retirement on the road ahead. Here's how to take retirement for a test drive and reduce the chances that your retirement buy is a lemon....
A common expense that isn't included in the Consumer Price Index increased rapidly the last few years....
This is not an easily answered question, other than 'when you’re the youngest and healthiest you can be.' Your occupation, habits and extracurricular activities will also affect your premium....
In some cases, you could buy life insurance instead and get a better deal in protecting your spouse. There are some things to keep in mind, though....
There are a number of reasons why an adult may decide to have a roommate or romantic partner move in with them. They may be in love and want to share their life with someone. They may be worried about...
This week’s post is a video conversation with Ben Reynolds of the Sure Dividend Newsletter. Watch it below or click over to YouTube for this 50-minute chat. Stay tuned until the end when Ben sha...
There was another post recently, its now locked, about retirees who downsized to a guest house on their child's property and how freeing it was. We did something similar, sold our house and moved into...
A loan can provide a safety net for emergencies or business expansions. When used correctly, the financial assistance you get can propel you to prosperity by bridging aspirations with realities. It&rs...
Originally, I planned to title this post, “Getting Rich by Getting Lucky Doesn't Feel So Good.” However, after some time, I realized that getting lucky actually feels better over time! Thi...
Follow these strategies to maximize your IRA and minimize the effects of taxes....
May 16, 2024 – Welcome to another Safe Withdrawal Rate Series installment. Please see the landing page of the series for a guide to all parts so far. In Part 60, dealing with the “Die With...
This post was contributed to Leisure Freak by freelance writer Sarah Woods. Deciding whether to rent or own in retirement is crucial for crafting a retirement lifestyle uniquely all your own. This cho...
A fat savings account may feel good, but letting your money just sit there could cost you more than you realize....
There is limited guidance on transitioning from saving during working years to spending in retirement years. Why the surging popularity of annuities the last few years?...
Assisted living homes can be fine for socialization and activities but there are hidden risks. Choose carefully and monitor your elder there frequently to avoid dangers....
The stark difference in Black and White workers’ wealth is old news. But now we have some fresh information about the wealth gap: it grows as people age and move through their retirement years. ...
Abstract In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices. Because inflation has been so low for so long, the...
Abstract U.S. inflation peaked at 8.9 percent in June 2022, and, while the rate has declined substantially since then, inflation remains an important concern. This paper uses a new survey of household...
Thereport’skey findings are: High inflation tends to harm older households, but the size of the impact varies due to three factors: the extent to which income and assets keep up with rising pric...
Trustees Report continues to show 75-year deficits and exhaustion of trust fund in early 2030s. The 2024 Social Security Trustees Report repeats the drumbeat that the Social Security program faces a d...
Frustrated With Bad Financial Advice In the digital age, where advice is as plentiful as it is varied, discerning the worthwhile from the worthless is crucial, particularly concerning your finances. I...
Hi there. I don’t know if I am able to use Silver Sneakers at two local gyms. One that is quite a bit of a drive has a lap pool - the other one that’s a few minutes from home is a nice fit...
Should 70-year-old Bob live off of capital gains and dividends from his mutual funds plus Social Security, or should he sell poor-performing mutual funds for living expenses and reinvest the cap gains...
Are you going down the locum tenen physician route? Or are you establishing your own medical practice? As a non-employee, ... Read more...
If a 65-year-old signs up for a Medigap policy but decides a year or two later that the premiums are too high, the new retiree can easily switch to an Advantage policy with a low premium. But if, afte...
Looking forward to retiring this summer. We've got a studio apartment in our home that I will rent out on AirBnB and I've got a small trust ($650/month) from my dad passing last year. My wife will con...
Note: If you don't read the entire post, take a look at the attached links to google drive that illustrates two scenarios. 1) $750K initial investment (now) in a fixed index annuity with an income rid...
I've been thinking about the tendency for people to gravitate toward the familiar. In retirement, that would mean either staying put, or going somewhere you've known or been fond of from earlier times...
Girls just want to have…funds. In fact, a recent study revealed that 54% of Americans have picked up a side hustle to earn extra income, with 49% of women having done so. 6 Online Side Hustle I...
Wealth managers often plan as if their clients will live to age 95 — but few Americans do. New research suggests a different approach....
There's a difference between advising a client on a decision and making the decision for them. What happens when the client demands the latter?...
More Americans are entering the 401(k) millionaire club. In fact, 422,000 retirement savers are now labeled 401(k) millionaires¹. It’s not a surprise we are seeing a rise in questions about...
Income taxes can hinder wealth creation. Fortunately, for Americans seeking to save on taxes, there are nine states without income tax where we can choose to reside. These states are listed below in a...
Opening a medical practice or business can be rewarding, but it’s not without its hurdles. What if your company faces ... Read more...