Do Sugary Drinks Lead to a Shorter Life? Do Sugary Drinks Lead to a Shorter Life? Lay off the Sugar Wednesday, March 11, 2020 0 People who regularly consume sodas, sports drinks, and other sugary beverages may be more likely to suffer a premature death, a new study has found. Read more
Daily Money Management Daily Money Management How Do You Spend Your Money? Wednesday, March 11, 2020 0 How we manage our money on a daily basis is an important issue as we are gracefully greying. Determining the amount of money we need to live on depends on our age, lifestyle and retirement plans... Read more
Saving for the 3 Stages of Retirement Saving for the 3 Stages of Retirement Planning Ahead Wednesday, March 11, 2020 0 How much money do you need to retire? This is a question that we hear frequently and it seems that there is no one simple answer. There are three stages of retirement, all of which require... Read more
Key Financial Tips - Don’t Panic! Key Financial Tips - Don’t Panic! Remain Calm in Turbulent Times Wednesday, March 11, 2020 0 A key financial tip for those of us who are gracefully greying is not to panic. This is obviously easier said than done in this current time of the Coronavirus, as it has impacted all of our... Read more
Laurie Blume / Wednesday, March 11, 2020 / Categories: Financial, Money Management Key Financial Tips - Don’t Panic! Remain Calm in Turbulent Times Here are a few financial tips for those of us who are Gracefully Greying adapted from the Financial Manager and AARP Magazine: Do not panic. Panic is the enemy. Diversification is your safety net. Make sure that your money is spread among different types of investments, such as U.S. stocks, foreign stocks, bonds and publicly traded real estate trusts. Investing in mutual funds is safer than buying individual stocks and bonds. It is hard to plan for economic calamity. Think twice before paying off your mortgage if it uses up a lot of cash. Do not panic and sell too early. This is how most people get hurt by market downturns. Panic is your biggest enemy. Do not be overconfident either. There are always down turns in the market. The four most dangerous words when the markets have been strong for a long time: “This time it’s different.” Another good read is Suze Orman's article 10 Steps to our Ultimate 'Retirement, published in AARP. Another important read is published by U.S. News & World Report, What the Coronavirus Means for Your Retirement Finances. Print 31844 Tags: Financial Financial Planning Related articles A Tale of Two Losses: Your Memory & Your Money Can't Pay Your Taxes? The Perils of Caregiving: Protecting Finances Choosing A Financial Advisor Daily Money Management Reverse Mortgages for Seniors The Cost of Long-Term Care Saving for the 3 Stages of Retirement Seniors and Reverse Mortgages Don't Panic!