Tag: fixed income

Best Defense Is A Good Offense

Best Defense Is A Good Offense

I saw an ad in the paper that headlined, “Your income is fixed, so your expenses should be fixed.” It was an ad for a seniors living community as it called itself. My first impression was that these people will be led to financial disaster if they depend upon this idea. A fixed income is …

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I’ll do that when I retire…

I’ll do that when I retire…

Today, most people are in denial about their financial situation. They put off travelling, their hobbies, spending time with their family, etc. They’ll do that when they retire is their motto. They are also sold on the concept that when they retire, they will only need about 60% of what they are making now because …

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