Rising Healthcare Costs May Challenge Your Mid Life Career Pivot More Than Covid-19
Career transition or job loss is always an important life event but it can have especially significant implications in mid-life. And when you find yourself facing mid-life job change during a global pandemic, there really are many important questions to consider. Do you want to stay in your current [...]
Financial Planning During Mid-Life Career Change: The Devil Is In The Details
Last year, I wrote about the importance of a contemporary and modern approach to financial planning that is very applicable for mid-life professionals who are in the midst of career change.Whether they have been impacted by job loss, transitioning toward new career pursuits, and/or considering leaving the working world altogether, [...]
Navigating a Life Pivot in the New Year: Back to “Normal” or Moving to a Different Future?
Welcome to 2021! For most people, the turning of the calendar is a very familiar ritual with New Year’s eve parties, resolutions to do better in the year ahead and more! But the transition into this new year is obviously very different. There were likely no parties unless you [...]
Should You Still Worship the Church of Investment Diversification?
If investing were a religion, one of its most profound teachings would be the gospel of diversifying your investments across the broad spectrum of asset classes. Academic research and investment history have demonstrated that this kind of investing potentially reduces portfolio risk, while allowing investors to participate in the [...]
Five Investment Tasks to Tackle by Year-End
Market turbulence in 2020 may have wreaked havoc on your investment goals for the year. It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether adjustments are needed to keep it on track. Now is a good time to take on these five year-end investment [...]
Will Your Investments Swim with and Survive the Changing Tides?
Many of us have heard or seen the stories from people we know. A former colleague had plans to retire but could not do so because a significant position in the stock of his employer unexpectedly took a large tumble and may not recover. Or, you may have heard about [...]
Is Inflation as Violent as a Mugger?
Let’s face it – the subject of economics is not on most people’s “top ten” list of favorite things to read about. And the area of the economics field I am writing about today – inflation and why you should think about it during mid- life career transition or retirement [...]
Longevity May Not Be Your Top Priority, But Planning for a Long Life Should Be
Is a long life overrated? How important is it for you to live to age 90 or even 100? My guess, based on various surveys I have read on the subject, is that these goals may not be important. It seems that many of us attach more significance to the [...]
Financial Planning Is Dead; Long Live Financial Planning!
Is financial planning dead or much less relevant than in the past? I do not think so, but the question is actually fair given many changes that have occurred in the world during the past several years. Traditional methods used to make personal financial decisions and plan for the future [...]
The Myth of Financial Optimality
Most of us understand that striving for perfection, whether it relates to our careers, health, or relationships or in any part of life, can be useful, even if most of us know that “perfect” is often an unrealistic standard. For people with high aspirations, the idea of trying to attain [...]