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Answering reader questions about 529 accounts, how to invest them, and how to spend them down. We also discuss ways to help pay for college, and we answer a question about when or if the political cli...
Everyday costs like groceries, gas, and subscriptions can quietly drain hundreds each month. This gallery breaks down 14 common expenses, supported by consumer spending data from reputable sources, so...
Small, everyday purchases can quietly add up to thousands over time. Even habits that feel normal like convenience fees, dining out, or ignoring discounts can slowly raise your cost of living without ...
Forget market declines or rising inflation. With this strategy, you won’t have to worry about any of that during retirement....
Self-made millionaires often approach spending with long-term thinking and disciplined habits. From budgeting to big purchases, their choices reflect clarity and purpose. This gallery highlights how t...
With inflation creeping up again, here’s how to safeguard your retirement planning....
I am modelling my retirement finances, which will hopefully be in 2-3 years (age 63/64). I have read papers on particular modes of how people handle spending (inflation-only, Retirement smile [go-go/s...
Today, I’m talking to Dr. Michael Finke. Michael is the Professor of Wealth Management at the American College of Financial Services. His research is focused on retirement income planning, retir...
Today, I'm very excited to welcome Christine Benz back to the podcast. Christine is the Director of Personal Finance and Retirement Planning at Morningstar. She has become a trusted voice in the indus...
I should take my own advice but interested on other views as well. I’m 65. I currently receive two pensions from previous employers and work enough to qualify for a third, as well as very attrac...
Some retirees have saved all their lives and want to live a little. Or a lot....
Ralph and Alice in Monument, Colorado have $4.6 million dollars saved at ages 63 and 58. Should they do Roth conversions? How do they avoid IRMAA? Mary Jo in Escondido, California wonders if she shoul...
According to new Empower research, 47% say the increased cost of living, economy (44%), and tariffs (30%) are impacting 2025 travel plans....
Even wealthy aging parents can overspend and enganger their financial safety. Adult children need to watch over finances and take action when spending is out of control....
Should I continue contributing to my 401(k) or treat myself now?...
As we have indicated many times in prior posts, the future isn’t going to happen as you (or your financial advisor) assume, and your spending goals and actual spending are likely to change over ...
Spending money is an American pastime. With a national saving rate hovering around 5%, it's clear we collectively love to spend. And honestly, being able to enjoy our wealth is a beautiful thing. It&r...
Americans are pumping the brakes on gas spending—driven by economic caution, evolving lifestyles, and emerging technologies....
Saving for retirement is the easy part. Spending those retirement dollars may cause too much stress and require help....
The numbers fromEmpower Personal Dashboard™from January 2020 through March 2025 suggest a pattern of , with consumers allocating dollars toward convenience, wellness, and personal enrichment, ev...
In our last post, we tried to encourage retirees afraid of (or behaviorally resistant to) spending their wealth to consider increasing their spending whenever their Funded Status exceeded a specific t...
Hobbies like knitting, sewing, gardening, and baking are making a comeback, with the craft and hobby market projected to reach $74.3 billion in revenue by 2033....
Many great savers hesitate to spend once they retire—unsure how to shift gears after years of discipline. In this episode, we talk through what it looks like to use money with intention, not jus...
See how your retirement investment choices impact replacing your income in retirement. Discover the impact various combinations of stock and bond mixes can make....
Most of us are relatively conservative when it comes to determining how much we can afford to spend in retirement. All things being equal, we would rather die with too much money than too little. Appa...
Should you choose income replace or lifestyle spending for your retirement planning methodology? We explore the challenges of people with unpredictable income growth....
Been retired 3 years. My spending has steadily declined each year. I prepared for retirement by paying off my mortgage and car loans. Retired debt free. My investments are 20% in VOO for money I don&r...
FROM THE ARTICLE: Acting Social Security Chief Says Agency Moves Will ‘Prioritize Customer Service’. Dudek addresses spending cuts, office closures, data privacy fears in response to AARP ...
Are You Spending Your Money on What Truly Matters? A few weeks ago, I challenged you to do the most important thing you can with your money this year—not Roth conversions, not optimizing Social ...
Most people think investing in themselves requires big money. That’s a lazy excuse. The smartest investment isn’t in stocks, real estate, or business ventures, it’s in leveling up yo...
Retiree spending powered by U.S. private and public sector defined benefit pensions is substantial: $1.5 trillion in economic output, supporting 7.1 million jobs....
One of the biggest ironies in retirement is that the people who save and invest the most often struggle the most with actually spending their money in retirement. In this video, I’ll walk you th...
You’ve worked hard, built wealth, and reached financial security… so why is it still so hard to spend? In this episode, we dive into the unexpected challenge of shifting from a saver&rsqu...
These five strategies will safeguard your retirement savings and spending during this period of rapid change....
You, like many Boldin users, might have enough to retire, but are scared to start spending. Get 7 tips for moving to a spending mindset. The post Going from a Saving to a Spending Mindset: How to Stop...
Appetite-suppressing medications like Ozempic, Wegovy, and Zepboundare reshaping more than waistlines — they’re transforming personal budgets, food habits, and even the economy....
Dr. David Blanchett, Head of Retirement Research at PGIM DC Solutions, has been recently active on LinkedIn, advocating his 2022 paper “Redefining the Optimal Retirement Income Strategy.” ...
Raising children is ultra-expensive, but there are ways that your kids can save you money when you're paying your income taxes. The post Child Tax Credit, Childcare Tax Credit, and Childcare Flexible ...
It can be pretty amazing how much income one can have in retirement while paying very little tax at all. Here are 16 examples. The post Retirement Spending Is Ridiculously Tax Advantaged appeared firs...
America, it may be time to hit pause on spending. Even if just for a little while. The statistics from Clever speak volumes: Nearly three-quarters of Americans (71%) have regrets about their spending,...
To make sure you're in control of retirement spending, rather than the other way around, allocate funds to just three purposes: income, protection and legacy....
Living a long time in retirement with limited financial resources means you’ll need to be resourceful and creative to live long and well....
John in Pennsylvania doesn’t have bonds in his investment portfolio. Should he add them, and if so, where? That’s today on Your Money, Your Wealth® podcast number 508 with Joe Anderson...
This post is a follow-up to our post of March 7, 2021 and several other of our posts and articles noting that a model like the Actuarial Financial Planner (AFP) is a better model to use when employing...
My wife and I have lived most of our lives cutting back and working hard and being fiscal responsible. As we look forward to retirement, we want to enjoy it and not just maintain. It seems most articl...
What’s a safe withdrawal rate for Wine Guy and Wine Gal in Sonoma California to have 35 years of “guaranteed” retirement spending? How aggressively should they convert their retireme...
Roy Gori will stay on as an advisor at Manulife after retirement to support the transition...
Spending is a poor proxy for enjoyment and life satisfaction. The best things in life are nearly free. Don't worry whether you're "underspending." Learn the Nuts and Bolts I put everything I use to ma...
Hey there! Are you looking for an effective way to track someone's whereabouts without breaking the bank? We get it. If you need to find your kid's location right now, spending hours searching through...
I'm 66, my wife is 63. We're both semi-retired. I've spent SO much time in the last few years about figuring out how long our retirement savings will last. Yesterday she (a non-smoker) was diagnosed w...