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 […]
Category: Finance
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 […]
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 […]
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 […]
Deciding How to Spend Your Money in Retirement: Making the Most of Your Financial Freedom
As you enter retirement or start planning for it, one of the key decisions you will face is how to allocate your money. While your time in retirement is precious, your financial resources are equally important, and the two are closely connected. What do you want to spend your money on? How can you balance […]
Retirement and Homeownership: Making the Right Choice for Your Future
As you approach retirement, the decision to sell or stay in your home becomes increasingly important. This choice involves a mix of financial, emotional, and practical considerations. As Penelope Tzougros of Wealthy Choices®, I have extensive experience in helping clients navigate this critical decision. Financial Reality of Homeownership One of the primary factors to consider […]
Understanding the Importance of Retirement Timing
Retirement is a significant milestone that requires careful planning and consideration. Many people find themselves asking, “When can I retire?” This question often stems from concerns about financial readiness, lifestyle changes, and the desire to enjoy retirement years without financial stress. Understanding the optimal time to retire involves evaluating various factors, including savings, investments, and […]
Unleash the Wealthy Woman Within: Mastering Your Money Mindset
Are you ready to step into the shoes of the wealthy woman you’re destined to become? It’s time to align your money habits with your future aspirations. Let’s delve into how you can cultivate a mindset that paves the way for pursuing financial success. Listening to Your Wealthier Self In the whirlwind of daily […]
Should I Wait To Sell My Home Before Retirement?
Retiring In Waltham, MA With Wealthy Choices® Retirement Planning Services Where can you seek the answers you need about retirement planning? At Wealthy Choices®, of course. Retirement planning is a crucial step to pursuing the retirement goals of your dreams. Learn how to plan for your retirement and seek answers to common retirement questions in […]
Retirement Questions And Your 401k
Retirement Planning Services Near Boston Available Through Wealthy Choices® Retirement planning may seem like an intimidating process. After all, retirement planning requires you to make decisions that will impact how you live for many years. The good news is you don’t have to find answers to your retirement questions on your own. You can seek […]