7 Steps to Avoid Elder Fraud
Step #1: Build long-term support group of friendsThe National Elder Mistreatment Study noted that social support has emerged as a central risk or protective factor for virtually all forms of elder mistreatment,…
Estimating Spending
The most difficult part of long-term financial planning is estimating the income for the remaining length of one’s working life. At the age of 50 or even 60 years, many…
Estimating your Lifespan
In estimating the numbers, the first dilemma is trying to forecast how long you are likely to live. Most people look at the age when their parents died and then…
Lifetime Income and Spending
Ron Lee from the University of California at Berkeley took income data for every age group from the U.S. Department of Labor’s Bureau of Labor Statistics and superimposed that on…
Money Personalities
Personality plays a role in influencing how you sail your money boat and how you maintain your relationship with money. Of the five major dimensions of personality -- conscientiousness, openness,…
Money Relationships
Question 1: What comes to mind when you first think about money? Question 2: How would you describe your relationship with money?Over the last two years, I have asked these…
Waiting for the Second Marshmallow
Based on the Marshmallow Experiments, Walter Mischel suggests it is possible to build learned responses to achieve delayed gratification. The secret lies in keeping your reptile brain in check and leading…