Category:  Dr. Penelope Tzougros

Planning for the Risk of Ill Health in Retirement 

Good health is one of our greatest assets, but as we age, the reality of increased health care expenses can no longer be ignored. Optimism and healthy habits like exercising and eating well are important, but financial planning for potential health-related costs is just as critical. At Wealthy Choices®, I guide clients in creating comprehensive […]

Navigating the Risk of Low Interest Rates in Retirement 

For decades, savers could rely on steady interest from certificates of deposit (CDs) to grow their wealth without taking on significant risk. However, today’s persistently low interest rates present a unique challenge for retirees who want their money to work harder without jeopardizing their principal. At Wealthy Choices®, I help clients navigate these financial waters […]

Preserving Your Purchasing Power in Retirement 

When you think about your money, it’s comforting to believe it’s safe in the bank, especially with the Federal Deposit Insurance Corporation (FDIC) protecting deposits up to certain limits. While this security ensures your principal is protected, there’s another layer of financial risk many overlook: risk to purchasing power.  At Wealthy Choices®, I often guide […]

Understanding Risk to Principal: Preserving Your Retirement Investments 

    When you think about risk, does it bring a sense of excitement, or does it make you uneasy? For many, the concept of risk can be both thrilling and intimidating, depending on the context. Perhaps you embrace risk when skiing down a mountain but shy away from it in your financial investments. Regardless […]

How to Evaluate the Value of Your Home in Retirement: Key Questions to Ask Yourself 

As you transition into retirement, one of the most important decisions you’ll face is whether your home still serves your needs. For many, the home holds a lifetime of memories and attachments. But as your lifestyle evolves, the practicalities of maintaining your home may no longer align with your goals and needs. Evaluating the value […]

3 Real Scenarios When Deciding to Keep Your Home in Retirement 

As you step into retirement, the question of whether your home still meets your needs becomes increasingly important. It’s not just about the financial cost, but about how your home aligns with the life you envision for yourself in this new phase. Three individuals—Ed, Marguerite, and Evon—each took a different approach to this critical decision. […]

Is Your Home Still the Right Fit as Life Changes? 

As we age, the way we interact with our homes inevitably changes. A home that once served your needs—whether it was chosen for proximity to schools, a spacious yard, or nearby conveniences—might not be as suitable as life moves into different phases. Whether the kids have moved out, your mobility has shifted, or your neighborhood […]

Is Your House Still the Right House for You After Retirement? 

As you transition into or continue through retirement, one of the most important questions to ask yourself is: Is my house still the right house for me? This question isn’t just about the practical aspects of homeownership, but also about how your home fits into your changing lifestyle, financial situation, and emotional well-being.  For many, […]

Designing Your Ideal Retirement: How to Make the Most of Your Time and Money 

Retirement is more than just a financial milestone; it’s an opportunity to redefine your life and focus on what truly brings you joy. Whether you’ve just retired or are in the planning stages, there are two critical aspects to consider: how you want to spend your time and how to allocate your financial resources. By […]

Why Mind Share Matters in Retirement: Evaluating the Mental Cost of Your Home 

When planning for retirement, we often focus on financial costs and physical energy. But have you ever thought about the mental energy—or “Mind Share”—your home consumes? For many retirees, managing the mental load of maintaining a home can be just as draining as financial expenses or physical upkeep. Whether you’re someone who enjoys tending to […]