Category: how to manage money in retirement

Does Your Home Pass the Retirement Test? 

Your home has likely been a place of comfort, security, and countless memories over the years. However, as you approach retirement, it’s important to assess whether your home will continue to meet your needs in this new stage of life. What once worked well may no longer be the best fit as your lifestyle and […]

What Does It Take to Make a Change in Retirement? 

Retirement is a time of significant transition, and one of the most challenging decisions you might face is whether to stay in your current home or move to a new location. Whether you’re considering downsizing, relocating, or adapting your existing home, understanding the physical, emotional, and financial implications of such a change is crucial. Making […]

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 […]

Retirement Planning: Considering the Emotional Impact of Selling Your Home 

Deciding whether to sell your home as you approach retirement is a decision fraught with emotional and practical considerations. As Penelope Tzougros of Wealthy Choices®, I’ve guided many clients through this complex process, helping them weigh the pros and cons of staying or moving.  Emotional Ties to Your Home  Your home is likely more than […]

Planning for Long-Term Medical Care in Retirement 

One of the most pressing concerns for retirees is the potential need for long-term medical care. This uncertainty often leads to the question, “How do I fortify my portfolio if I need care for a long-term medical issue?” Planning for such scenarios is crucial to ensure financial stability and peace of mind during your retirement […]

The Path to Financial Freedom: Empowering the Wealthy Woman Within

Are you ready to embrace your inner wealth and unlock the doors to financial freedom? Let’s explore actionable steps to unleash the wealthy woman within and chart a course towards prosperity. Embracing Conscious Consumption Cultivate mindfulness in your spending habits by discerning between essential needs and discretionary wants. By making intentional choices aligned with your […]

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 […]

Title: Mastering the Art of Wealthy Choices: A Guide to Financial Empowerment

Are you ready to transform your financial landscape and embrace the mindset of abundance? Let’s dive deeper into the principles of wealthy choices and how they can shape your path to prosperity. Defining Your Financial Priorities Distinguish between needs, wants, and luxuries to gain clarity on your spending habits. By aligning your purchases with your […]

Navigating Your Retirement: Stay in Your Home or Sell? Insights from Penelope S. Tzougros 

As retirement approaches, many Americans face the critical decision of whether to stay in their current home or sell it. This choice often involves not just financial considerations but also emotional attachments and future lifestyle preferences. Dr. Penelope S. Tzougros, a seasoned financial advisor and author, brings her vast experience to help individuals navigate this […]