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MONEY matters

Mark Zaifman's thoughts on money, global economic trends and politics
5 Tips for Managing your Cash Flow in Retirement During a Recession
Mark Zaifman   |    Mon, Jul 01, 2019 @ 03:31 PM

The latest economic guessing game these days is predicting when the next recession will occur in the U.S.

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Women & Money & the Fear of Being a ‘Bag Lady’
Mark Zaifman   |    Fri, May 31, 2019 @ 10:31 AM
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How to Get Used to Hearing the “R” Word
Mark Zaifman   |    Tue, Apr 30, 2019 @ 08:30 AM

Imagine you just left your job/business/practice for the last time after an illustrious career of 42 years. Today was your last official day of working for money and tomorrow, as the saying goes, is the first day of the rest of your life.


A week has gone by since your last day of work. You’ve been super busy, you’re still waking up at 6:30 a.m., still following a tight to-do schedule, so the sense that you’re no longer working hasn’t really sunk in yet.

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More Time or More Money - Which Road Do You Take?
Mark Zaifman   |    Tue, Mar 26, 2019 @ 10:42 AM

 

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The Ultimate Decision Before Retiring - When is Enough, Enough?
Mark Zaifman   |    Thu, Jan 31, 2019 @ 10:44 AM

It’s the million dollar question and also one of the hardest questions to answer before you retire: When is enough, enough?

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You Won’t Run Out of Money in Retirement - Now What?
Mark Zaifman   |    Fri, Nov 16, 2018 @ 10:35 AM

 

 

You’ve made it to the ‘finish line’. You’re financially independent and retirement beckons. You’ve diligently saved for decades, and now retirement is no longer a fantasy -  it’s as real as it gets.

Now, instead of adding to your savings, you enter the phase of your life where you begin withdrawing from your savings. You keep telling yourself you have enough money saved up to live the retirement lifestyle you imagined.

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Plan For Retirement Before, Not After You Retire
Mark Zaifman   |    Thu, Sep 06, 2018 @ 12:28 PM

According to the AARP, 10,000 baby boomers are turning 65 every single day, and this is expected to continue into the 2030s. This means that nearly seven baby boomers are turning 65 every minute.”

If you’re a few years away from retirement, the day will soon come, when after a lifetime of squirreling away money and delaying gratification, the ‘distribution phase’ of your financial life will begin.

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It's Time to Stop Giving Your Power Away Around Money
Mark Zaifman   |    Tue, Jul 03, 2018 @ 10:24 AM

For years I’ve witnessed how we give too much of our power away when we visit our Doctor’s office. Instead of asking why they recommend we do x or y, we blithely follow whatever recommendation is made. After all, they’re the one with MD next to their name, so who are we to question their instructions?

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Why Panic is Not an Investing Strategy
Mark Zaifman   |    Tue, May 15, 2018 @ 11:44 AM

With the political news, or should I call it the political storm-y brewing in DC, we might recall that it was only a few months ago that talk of a trade war with China and potential tariffs on steel and aluminum created dizzying volatility in the stock market.

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Don’t Let the Tax Tail Wag the Dog
Mark Zaifman   |    Tue, Feb 27, 2018 @ 10:59 AM

It’s often one of the most common mistakes investors make. By that I mean, letting the amount of capital gains tax owed on the sale of your asset, whether that’s a stock, bond, real estate or business, dominate your decision process.

It’s never easy to pay taxes, especially a 20% capital gains tax. So instead of diversifying your overall investment portfolio and not concentrating too much of your net-worth in say one stock for example, you let it ride.

Soon, five, ten, twenty+ years goes by and now this asset that has strongly increased in value and makes up close to 50% of your total investment portfolio. You know having too many eggs in one basket is risky, you know and have seen and read enough about the importance of diversification and maintaining a well balanced portfolio, yet still, even with that self-awareness, you’re allowing the tax tail to wag the dog.

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