More on PCL…and WRW!

Good morning and TGIF,

A couple of weeks back the topic was PCL, or Post-Career Lifestyle. I received more comments than usual from people of all ages – and a number of cool ideas on how to look at the “nonretirement” concept of saving today in order to do what you love tomorrow. “Doing what you love” in a post-career lifestyle can include continuing to work for pay, slowing down and enjoying a “side gig” or truly retiring and ending working altogether.

Another excellent factoid revealed was that women and men tend to look at retirement and post-career lifestyle differently. Women also have a lot more to say about their attitude toward saving (whether for PCL or retirement) and managing the savings habits of their families. This translates into a concept best described by the acronym, WRW*, or Women Rule the World.

Now before the men reading this say, “Wait a minute!” a couple of notes of clarification.

Continue reading “More on PCL…and WRW!”

Caring For Aging Parents 2.0

In a previous edition of TGIF 2 minutes I reviewed the topic of “Caring for Aging Parents.”  The subject remains a big, big topic of conversation with friends and clients. PLUS, as people experience caring for a parent they suddenly say: How much do I need to be concerned about planning for MY OWN Long-Term Care down the line?! 

Aging Parent 2.0Definitely a smart question and hence the “2.0”. The costs of Long-Term Care are staggering, and the emotions can be too. Let’s take a brief look at recent news on costs. Continue reading “Caring For Aging Parents 2.0”

Quadrant #4 of Saving: Protecting Your Savings

This recent series has been all about Saving Money.  Just as with any task, saving money can be broken down into stages.  In this case I outlined “4 Quadrants of Saving” to illustrate how each quadrant (or stage) builds on the previous one, and how the task can be made more achievable.  

protecting money

Continue reading “Quadrant #4 of Saving: Protecting Your Savings”