MONEY matters

-How much money do you need to retire, or as I like to say, stop working for money, and not be at risk of outliving your financial resources?

2010 may prove to be a great time for boomers to create a tax-free income stream for retirement, thanks to the opportunity to complete a ROTH conversion without income limits. 57% of high income boomers are not aware that income limitations on conversions will be eliminated in 2010.

To learn more about the benefits of ROTH IRA conversion, please call or email to schedule an appointment.

There’s a large amount of investors sitting on the sidelines, parking their money in treasury bills, CD’s or money market accounts too scared to make a move. For those that lost a lot of money during the recent crash and need their investments to grow in order to fund their retirement, this may not be your best move.

If you lost a lot of money in the recent crash, you were probably too heavily invested in stocks. Now’s the time to take a good and honest look at what happen, see what lessons you learned from the experience and make plans for the future. The past is just that, the past and now it’s time to plan ahead.

There’s a new flurry of Your Money or Your Life readers discovering or in some cases rediscovering this amazing jewel of a book. This is great news on many levels and I’m grateful to be hearing from many of you. From the recent calls and emails I’ve received, what’s most on your mind seems to be how to achieve financial independence (FI) early rather than later in life. Early semi-retirement is a huge boomer trend by the way and one I feel that’s still operating below the radar screen of mainstream media, but I’m sure, not for long.

If you work in the corporate world, you know you’re in trouble when the leadership of the organization starts talking about the need to “increase productivity”. This is a clever euphemism for working two, sometimes three jobs for the price of one. Profits stay high for the corporation while your quality of life sinks.