5 Ways to Tell if You’re Really Ready To Retire

coinTreeThink it’s about time to call it a career? Great. But before you say “Hasta la vista, baby!” to your job, I suggest you go over the five items in my Are You Really Ready To Retire? checklist.

Just to be clear: I’m not talking about “ready to retire” in the sense that you’ll flip out if you have to deal with your egomaniac of a boss one more day. I mean you’re ready in the sense of being financially, socially and emotionally prepared to make the transition to your post-career life. That’s important to know because if you exit before you’re truly prepared, you may find yourself repeating another famous Schwarzenegger line: “I’ll be back.” Read more

5 “BS” Retirement Investing Pitches You Should Ignore

coinTreeYou’re probably already wise to many schemes designed to separate you from your money—emails from Nigerian princes, phishing scams, etc. But does your BS detector go off when confronted with slick come-ones for perfectly legal-but-dubious investments? To see, check out these five pitches that are often targeted to people investing for retirement. Read more

True or False? — It Takes Money to Make Money

coinTreeThe short answer is YES; of course it takes money to make money. To make money in the stock market, you must have money to make the initial stock purchases. Starting a business requires money to buy inventory, marketing materials, office space and equipment. Even lottery winners had to have the seed money required to buy the ticket. The only exceptions that come to mind are inheriting, stealing or finding money.

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