When considering retirement, one of the most significant questions is, “Should I stay in my home or move?” This question is not just about where you live but also about the financial implications of homeownership. As Penelope Tzougros, founder of Wealthy Choices®, I’ve helped many clients understand the true costs associated with keeping their homes […]
Category: Blog
Empowering Women Through Ethical Wealth Management
In a world where financial decisions often feel impersonal, Wealthy Choices® offers a unique approach to wealth management tailored specifically for women. Dr. Penelope Tzougros provides a personalized service that not only focuses on financial growth but also aligns with your ethical values and personal goals. The Importance of Ethical Investing Ethical investing is at […]
Converting a Growing 401k Savings into Cash Flow
If your 401k, or 403b has grown, how do you turn savings into spending money for retirement? You can set up a monthly deposit to your bank account by withdrawing money from your former employer-sponsored retirement plan. However, you are likely to be selling shares of the investments which represent the principal, not the dividends […]
Retirement Planning Tips
How Do I Begin Planning For Retirement? When it comes to retirement planning, it’s never too early to start. If you start figuring out your retirement plans now, you give yourself more time to prepare. How does retirement planning even work, though? How do you start? What do you plan for? Hi, I’m Dr. Penelope […]
Will You Stay Or Move For Retirement?
Are You Prepared To Make Important Retirement Decisions? As you approach retirement age, there are many decisions you need to be prepared to make. Some retirees find this to be an intimidating prospect, however. What if you didn’t have to make the important retirement decisions on your own? What if you had professional advice? Hi, I’m Dr. […]
Wake Up from Your Nightmares About Long-Term Care
Our bodies are “fearfully and wonderfully made” (Psalm 139) and though we may be grateful for whatever capabilities we have, we are also aware that under the surface of well-being, our bodies may be concocting dangerous changes to our health. If you are like me and have or had a beloved parent decline with dementia, […]
Are Financial Losses Haunting You?
Losing money is not desirable but it’s normal. Managing money losses is one of the seven competences for financial success.1 If that seems odd to you, here’s the basis for the claim. Money and time are the dimensions we operate in for work and for buying and selling. We make thousands of decisions. If we […]
Saying “Yes”
About a month into the lockdown here in Boston, my neighbor asked if I’d like some sour dough starter so I could make bread. My first thought was I don’t like most sour dough bread that I have eaten. I said, “Yes,” and shortly after that Kevin was at my door holding a large jar […]
How You Spend Your Money Says A Lot About Who You Are
You vote every day as you spend your money. You endorse this brand over that, this vegetable over that. Maybe one reason so many people like to shop is that making choices is empowering and feels like an expression of your individuality. The marketing industry has studied how we make decisions. They study whether we […]
Are You Blocking Your Own Financial Success?
Are you getting in your own way? Sometimes we ourselves are the roadblock to what we want for our financial future. Here are a few ways this happens in relation to growing your assets: Impatience. You invest and expect great gains in a short time. When that does not happen, you dump that investment and […]