With the end of the year and the holiday season upon us (especially Thanksgiving), I thought that it would be perfectly fitting to spend some time talking about gratitude. Sometimes we let the busyness of life, work, and all the other distractions out there get the best of us, causing us to completely forget about expressing gratitude to ourselves and others. In addition, we are so naturally inclined to think into the future, whether it be to obtain more “things,” achieve the next milestone, etc., that we never stop to be grateful for what we have in the present moment. My hope is that in reading on about the benefits of gratitude, you will adopt more of an “attitude of gratitude” in your daily life.
Microsoft founder Bill Gates recently wrote a blog column outlining the three most important facts that people should know about our world today. It turns out that there were actually quite a number of facts, but they were related to three basic categories of human existence.
High-achieving people will tell you that they sacrificed to get where they are, but what, exactly, did they sacrifice? An article in Forbes magazine lists 18 things that high-achieving people routinely give up—and many of them are not what you would expect.
Where should you go on your next vacation trip? Your satisfaction and enjoyment level may depend on who you are, according to psychologist Joshua Jackson, associate professor at Washington University in St. Louis. He identifies five core personality types—extraversion, agreeableness, conscientiousness, neuroticism and openness. And then he identifies a great potential vacation destination for people with each personality trait.
If you believe that the trend is your friend, then perhaps the U.S. stock market is in for an excellent fourth quarter. U.S. equity markets suffered small losses in the first quarter, followed by decent single-digit gains in the second quarter. Now that the third quarter is in the books, a somewhat larger gain has put stocks in solid positive territory for the year.
You’ve probably heard the saying “Hindsight is 20/20.” Well, this is especially true when it comes to retirement. Many people are entering retirement and discovering several things they wish they’d done differently. Luckily, you can avoid problems in your own retirement by learning from the mistakes of the millions of people who have gone before you. Here are the top four regrets in retirement.
No one likes to think about the day when they will no longer be able to take care of themselves, but the truth is that 63% of today’s 65-year-olds will require long-term care at some point. (1) When you are healthy and thriving, it’s easy to focus solely on building your savings to provide for your basic retirement expenses and forget about the potential need for long-term care as you age. But no matter what your health looks like today, it’s important to have a plan to pay for long-term care costs. Do you know what your long-term care options are? What strategy is the best fit for you?
As a new retiree, you are reaping the rewards of your decades of hard work and basking in your new season of life. It would be easy to think that all your years of financial planning, saving, reviewing, and strategizing are over, but that’s not the case! At Colleen Weber CPA, LLC, we specialize in serving people who are newly retired. After working with hundreds of people to prepare for and achieve their ideal retirement, we’ve discovered that, while all have unique concerns and needs, many face the same five financial planning challenges.
We’re halfway through 2018, and after a booming 2017, our economy has seen its fair share of ups and downs, market volatility, trade uncertainty, and record unemployment numbers. However, as most individual Americans see it, things are looking up. Here’s a bird’s-eye view of our economy as we reach the mid-year mark of 2018. Read More “Our Mid-Year 2018 Economic Update”