Financial Life Planning

List of Retirement Milestones - PDF Download

Retirement MilestonesThere are many milestones on the way to – and through – retirement.  Starting at age 50 with the opportunity to make additional catch-up contributions to IRAs and

Does the 4% Rule Apply to Early Retirement?

If the 4% withdrawal rule was created with a 65 year old in mind, what happens when you want to retire earlier?  How much would an early retiree have to reduce their withdrawal rate to accommodate a longer retirement?  Research has been done that suggests that you don’t have to reduce the 4% withdrawal rate too dramatically, even for very young retirees.

How Much Money Does it Take to be Happy?

There is ongoing academic research regarding how much money it takes to be happy, or at least satisfied, with one’s financial life.  While the numbers vary, at a certain point, studies show that increases in annual income no longer seem to bring greater happiness.

Avocado Toast: Trending Topic in Finance

Avocado toast is the silly yet controversial topic of the month in the world of finance and social media.  It started in Australia with millionaire and real estate mogul Tim Gurner commenting that if millennials gave up avocado toast (representing discretionary spending much like a Starbucks Latte has come to represent here) they could afford to buy houses.

The Holidays and Financial Planning

The holidays may seem an unusual time to talk about budgets and financial planning.

Christmas is over but for many, paying for it has just begun

m-213x213.jpgChristmas bills will be arriving soon, and people will be dipping into savings,  living in austerity mode, or living off “revolving” credit to pay down their Christmas bills over many months to come.

Christmas is a time for giving and sharing, but when all is said and done many people end up associating the holidays with resentment and guilt about overspending, rather than the joy and renewal the season promises.

To keep next Christmas’ spending in perspective, Mission Financial Planning recommends a Christmas debriefing while memories are still fresh.

Debrief by reminiscing about the holidays; what did your family look forward to, and what did they dread?   What are their best memories from over the years, along with favorite foods and must-have traditions?

Your Money Personality

money_personality-213x213.jpgWe all have different intellectual and emotional motivators in money matters.  These can range from needing more security to wanting the prestige of wealth.  By understanding what drives your decisions, or creates your challenges, you can be more financially aware and healthy, and operate more effectively and in-tune with your money personality.

Susan Zimmerman, LMFT, ChFC has written extensively on discovering the “core drivers” that motivate people financially. Here are just a few of the money motivators that Susan has found to be powerful.



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