LifeManaged Blog
How much do I need when I retire?
Experts say you will need 80% of your pre-retirement income after you retire. I have never understood this philosophy. Why would I want to retire and then live on less money than I did my entire life? This begs the question people always ask me – “How much money do...
When do I need a Financial Advisor?
Yesterday! If you do not have a Financial Advisor, you need one immediately. Often people believe they need to “sort things out” before hiring a Financial Advisor. If you find yourself asking, when do I need a Financial Advisor, you are already...
The Millionaire Next Door – The Millennial Wake Up Call
Did you know that almost half of American Millionaires do not live in upscale neighborhoods? It is not a secret that many people who live in expensive homes and drive luxury cars do not actually have much wealth – yet many people still succumb to the infamous...
Does your car add more life fulfillment?
What does a car mean to you? What do you use it for? Is it purely transportation? Is it ego boost? Do you buy based on safety ratings and comfort for your big family? How much life fulfillment do you get by getting into your fancy car? Do you lease? How much research...
Investing and Weight Loss Parallels
If you are like me, you’ve been on numerous diets. South Beach, Keto, Atkins, the “do it all in moderation and workout diet”, etc. Always searching for that “quick fix” to drop weight the easy way. The reality is like everything in life, there is no...
Empirical Evidence of Stocks
What stops you from owning a 100% stock portfolio all your life? EMOTION and BEHAVIOR. Yes, I understand that as you get closer to “retirement” that you could have volatility and your portfolio can go down, temporarily. Drawdowns do matter. Taking...
The Financial Life Truths You Aren’t Being Told
Unfortunately, our current society doesn’t always reward the truth. Tell someone the truth and you will likely be perceived as rude, inconsiderate, selfish or unkind. The reality is, that truth hurts, and people don’t want to hear the truth because we are...
The Average Arizona Retirement
Would you quit your job today for a fixed income of $60,500 per year? According to John Csiszar, of GoBankingRates, a comfortable Arizona Retirement costs $60,503 per year. See our hypothetical budget of a retired couple with a mortgage-free $350,000 home and a...
Stock Market Corrections, Bear Market Pockets and Safe Haven Assets
A bear market is when securities prices fall 20% or more from recent highs. This period of falling stock prices come from widespread pessimism and negative investor sentiment. This term “bear market” got its name from the way a bear attacks its prey,...
The 3% Buyer’s Agent Commission
Information asymmetry is one of the biggest contributing factors to financial mishap. In the financial services sector, structure and incentive compound this information gap. The word “Fiduciary” often gets thrown around as the Fiduciary Ruling was one of...
