The “Longevity” phase is the third part of the MIT AgeLab’s four phases of retirement. At this stage, managing health may start to feel like a job, as doctors’ appointments and managing medications become a priority. According to a Gallup survey, individuals age 80-84 take an average of 18 prescriptions per year. Here are some… Read more »
It’s never too late to teach an old dog new tricks. That is certainly the case with General Motors and Disney, two century-old companies that are now embracing new technologies to completely re-shape their businesses; and Wall Street is beginning to take notice. Let’s start with GM. From the time GM emerged from bankruptcy… Read more »
This week, our team received an email from a client in response to an in depth conversation regarding withdrawals from their account. The email requested that we transfer $50,000 to their accountant’s bank account for yearly record keeping. Upon a review of the request, we confirmed there was no external account link to their… Read more »
Jeff Bezos, CEO of online colossus Amazon.com is stepping down from daily responsibilities at the company and assuming the role of Executive Chairman. His reason for stepping down, at age of 57, is to pursue his other passions. “I’ll do hobbies. I’ll see movies. I’m talking about work. I’m not going to work on… Read more »
The “Big Decision” phase is the second part of the MIT AgeLab’s four phases of retirement. This phase is characterized by having more free time to pursue things you are passionate about. However, you will now have to choose how to spend your time most effectively. Here are three “Big Decisions” to consider: Where… Read more »
Although money may not be able to buy you love, apparently it can buy you more satisfaction with your life. A new study conducted by Matthew Killingsworth, a senior fellow of Penn’s Wharton School, refuted the common wisdom that “money can’t buy happiness.” While past studies have concluded that a higher income generally improves… Read more »
A hallmark of the recent rally in stocks is a surge in trading by individual (or retail) investors. While to some, this has brought back memories of the dot-com era, we see few similarities overall between then and now. For one, the stocks leading this rally (predominantly the big tech stocks) are hugely profitable. There… Read more »
The trouble with most people, as Will Rogers observed, is not that they don’t know much but that they know so much that isn’t true – New York Magazine 1978. This quote aptly describes many people’s perception of the cost of probating a will. It is easy to confuse the relatively minuscule filing fees… Read more »
In the first edition of our retirement series, I discussed the concept of 8,000 days of retirement and broke down the MIT AgeLab’s four phases of retirement. “The Honeymoon Phase” is the first of the four phases, and arguably the most important, as it sets up the three remaining phases of retirement. Here are… Read more »