Wealth and Wisdom: Week of October 26, 2026
If you are years away from retirement, it can feel like a finish line that’s hard to imagine ever reaching. And then when you finally get there and decide you can afford to stop working, you discover retirement isn’t a finish line after all. It’s a new set of challenges, new rules to learn, and for many, new things to worry about.
In survey after survey, retirees say their biggest fear is running out of money. And with prices rising faster than incomes these days, that’s a real possibility for some people. Some retirees today are rethinking their decision – or at the very least trying to get creative in how they spend and manage their savings to make them last. Others have all the money they will ever need but worry they are spending too much, too fast – and wind up leaving a lot of wonderful choices on the table as a result. This week’s Wealth and Wisdom addresses both situations.
Among the clients we work with in our practice, we’ve seen both extremes and helped them navigate the uncertainties that retirement brings. And as unexciting as it might sound, we have found the solution to be planning – setting spending goals, managing resources wisely, and maintaining a long-term focus through good and bad times.
The new challenges retirement brings may change with time, but they don’t go away. But planning and preparing for them – instead of waiting for and reacting to them – seems to us to be the best approach.
Retailers are using the technology to test Uber-like dynamic pricing on several goods and services – based on what it learns about shoppers. (Reading time: 4 minutes)
There’s a clear and persistent #1 here – and it’s probably not the one you’re thinking of. (Reading time: 3 minutes)
It doesn’t cover every aspect of your finances, but this ingeniously simple system can help you spend less, save more, and accomplish your financial goals sooner. (Reading time: 6 minutes)
A sudden influx of money can change your life – for better or worse. This 9-step plan can help you make smarter decisions on putting your newfound wealth to use. (Reading time: 7 minutes)
New distribution rules are confusing many beneficiaries – especially when the IRA’s original owners were taking required minimum distributions. (Reading time: 4 minutes)
If any of these apply to you, it might be time to consider rejoining the workforce. (Reading time: 4 minutes)
Withdrawing from your nest egg before certain ages can trigger costly penalties – but you might be able to avoid them if you follow these rules. (Reading time: 4 minutes)
Times are tough these days for those living on a fixed income. Here are four ways to cut costs without sacrificing the care you need. (Reading time: 2 minutes)
It sounds like a nice problem to have, but for many retirees – even those with considerable wealth – dipping into it is making them feel insecure. (Reading time: 5 minutes)
Having these documents on hand when you apply for benefits will make the process smoother and quicker. (Reading time: 6 minutes)
Words to the Wise
“It takes as much energy to wish as it does to plan.”
– Eleanor Roosevelt
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