The Wiser Wealth Blog
How to Retire Debt-Free
When working with new clients planning for retirement, I always start with eliminating debt because retiring debt-free is of primary importance. After that, we work on shoring up emergency reserves [...]
When should I take social security?
When should I apply for Social Security? Many people approaching retirement age plan to claim as soon as they are eligible at age 62. They feel like they have paid [...]
Why You Should Retire Mortgage Free
Often one of a client’s biggest assets, as well as expenses, is their home. Whether they decide to move during retirement by “downsizing” or stay put in their current home, [...]
Boosting Cash Reserves During Retirement
As we have mentioned in the past, retirement success comes down to cash flows. The cash flowing in should match the cash flowing out even in retirement. To plan for [...]
How much cash should retirees have on hand?
While working, it’s good to have three to six months of expenses on hand to cover a big unexpected financial event like a large repair or a job loss. In [...]
Is it too late to save for retirement?
Most people have a vision of their lives in which they work until around age 60, retire, and then sail off into the sunset (or something equivalent). Investopedia reports that [...]
How to Stay Wealthy During Retirement
As we continue our series on retirement planning, I wanted to discuss a few tips to stay wealthy during retirement. There are various ways to maintain your wealth even during [...]
Q2 2021 GDP
Gross Domestic Product (GDP) is a broad measure of overall domestic production. It functions as a comprehensive scorecard of a given country’s economic health. Over Q1 2021, the US GDP [...]