“The Secret to Successful Retirement is to Retire TO Something
Not FROM Something.” – Katana Abbott
With over 10,000 Baby Boomers retiring every day, the dream of having enough money saved up to support you through the second half of your life can be daunting.
According to a study by the National Institute on Retirement Security, “The average working household has virtually no retirement savings. When all households are included— not just households with retirement accounts—the median retirement account balance is $3,000 and $12,000.” (more…)
Super-successful people believe in luck. They believe in it more consistently than they believe in education, creativity, investing, and a lot of other things commonly associated with building wealth. (more…)
This Works For Anyone, Anytime… You Should Try It Now
I made my first international move, from Baltimore, Maryland, to Waterford, Ireland, with the support of my longtime employer who’d given me the marching orders to establish an EU base for that firm.
I did not choose Waterford but the idea of an adventure in the Old World, something I’d daydreamed about since I was a young girl. Waterford and Ireland were happy accidents.
I made my second international move, from Waterford to Paris, again with the support ofthe firm I’d by that time become a partner in. However, this time I chose the destination. My family and I wanted to be in Paris, and my business partner accommodated the agenda. (more…)
Almost 20 years ago when my mother married my step-father, they came to me for estate and financial planning. My parents created their own trusts and set-up some assets in joint accounts. To simplify things, they consolidated all financial assets into a brokerage account with American Express Financial Advisors, and I was their financial planner.
Everything was perfect, right? Well almost. (more…)
It’s hard to believe that my husband, Mark, and I just celebrated our 32nd anniversary this month. I am truly blessed to have such a wonderful relationship with my husband. He’s not only my partner, but he’s also my best friend and loudest cheerleader. Our marriage has always been strong, but I confess that I wish I had known then what I know now … especially regarding money psychology or money personality.
According to a survey by SunTrust Bank, money is the leading cause of stress in relationships. Although divorce rates are falling, nearly 40% of all marriages are dissolved before a couple reaches their ten-year anniversary. Again, money is the primary culprit. I realize no one enters a marriage with the anticipation of ending it, but there are ways to safeguard your union. (more…)
I attended a fabulous retreat in Baltimore with one of my mentors, Barbara Stanny, a few years ago. The retreat on Sacred Success was for women who had reached affluence and were looking to make a difference in the world. When I called the retreat center to ask how to get from the airport to the retreat center, they gave me two options: take a cab for $120 round trip or use the light rail for $3.20 round trip.
Being from the Midwest where public transportation is sparse, I never use it. Mulling over my options, I began to think I would just take a cab. After all, I had invested thousands of dollars on this retreat, and besides, I could afford it. Right? (more…)