In the News

Happiness, Money, Retirement and What Matters

By Kathy Longo, CFP®, CAP®, CDFA

Thursday, 10 May 2018

Happiness, Money, Retirement and What Matters

What contributes to satisfaction in retirement? It certainly isn’t just finances. Completing the retirement equation means talking about and striving for fulfillment, happiness, and satisfaction in retirement.

Preparing for social and emotional issues that may arise during your retirement can be uncomfortable to consider and discuss. Many people feel embarrassed to talk about their unhappiness when they retire – they have saved for a comfortable life, they have free time, they have met their financial goals, and yet there is something missing. People usually don’t talk about it because they feel like they’re supposed to be happy.

The truth is “winning” at retirement isn’t just about how much money you have saved, it is about how you decide to fill your days, what you want to do with your time and discovering the things that make you feel happy – fulfilled. Here are some of the things that may contribute to dissatisfaction with retirement and ways that you can face and cope with them proactively.

Do You Have a Spend-Down Plan for Your Retirement?

By Kathy Longo, CFP®, CAP®, CDFA

Monday, 26 February 2018

Do You Have a Spend-Down Plan for Your Retirement?

A great deal of emphasis is placed on saving for retirement--as it should be. It is probably one of the most important long-term investments you will make in your life. But what is not discussed as frequently or in as much detail is how people withdraw money from their retirement savings accounts and other investments.

It is not a cut and dry process, as taking from one pot could cost you more than withdrawing from a different one. In fact, a study by Vanguard Research states that an effective withdrawal strategy can add up to 1.1% of annualized value without taking more risk.Withdrawing money to responsibly fund your retirement years takes discipline and some knowledge that may not be obvious to a lot of retirees. This article provides a breakdown of the basics so you can be better positioned to enjoy your retirement once you are ready.

Fermi's Paradox and Your Money Story

By Kathy Longo, CFP®, CAP®, CDFA

Monday, 24 July 2017

Fermi's Paradox and Your Money Story

I was listening to a podcast recently that got me thinking about being alone in the universe. The podcast began with a journalist, who also happened to be a particle physicist, who was having an emotional conflict with a science principle known as Fermi’s Paradox which states that there is an enormous probability that we are completely alone in the universe. This journalist explained that it made him feel really sad every time he thought of Fermi’s Paradox. His perspective was, “If we are alone…completely alone in the universe, then that means…this is it. There is nothing else out there that we can learn from or experience beyond what we, as human beings, can create.”

I hadn't really given it much thought before, but it was sort of sad if you thought of it the way he did. But then I had another thought. What if we are 100% alone in the universe, and it is up to us to explore, and chart, and amass great knowledge of this inconceivable giant space called the universe. It isn’t really sad. It’s exciting and a little scary and an enormous responsibility.

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