Man’s best friend becomes ‘heir to the bone’

The Bakersfield Californian October 7, 2011 One of my boomer retirement planning clients has a big slobbery boxer puppy named Elvis. He loves that dog. He takes it nearly every place he goes. My client, who I will call Sam, is approaching retirement. His wife died a couple of years ago. His grown kids have … Read more

Gold’s ‘safe harbor’ may not be that ‘safe’ for investors

The Bakersfield Californian September 22, 2011 Worries about the potential of a global recession are rocking the stock market and sending investors scurrying for “safe harbors” where they can park their financial ships. Many of my boomer clients are looking for ways to protect their savings and to provide sufficient incomes in future years to … Read more

Boomers, reinvent yourselves before it’s too late

The Bakersfield Californian September 9, 2011 The idea of having a womb-to-tomb job is a thing of the past. In recent years, we have seen entire industries dry up and blow away. Young people entering the workforce today are expected to reinvent themselves several times over before they retire 50 or more years from now. … Read more

Economic roller coaster turns boomers’ stomachs

The Bakersfield Californian August 5, 2011 It’s stomach-turning. No, I am not talking about how you feel after you get off the Green Lantern: First Flight, the just-opened new thriller roller coaster at Magic Mountain. I am talking about how you feel after watching the congressional debt-ceiling debate, after watching the stock market take your … Read more

Social Security is still retirement ‘cornerstone’

The Bakersfield Californian July 8, 2011 AARP, the powerful nationwide organization that advocates for older Americans, recently sent shock waves through the ongoing, divisive debate over the future of Social Security. Long an opponent of any change, AARP announced that it would consider “modest” reductions in benefits to keep the program solvent for generations to … Read more

Boomers, do the math before ‘strategically defaulting’

The Bakersfield Californian June 9, 2011 They are called “strategic defaulters.” As home values continue to fall and the economy continues to struggle, their numbers are climbing, including among baby boomers, who are nearing retirement or who already have retired. Boomers “strategically” defaulting on their mortgages — sending the keys to their homes back to … Read more

How grandparents can help pay college expenses

The Bakersfield Californian June 3, 2011 Financial help and encouragement from my family helped me get through college and established in a career as a financial planner. With the cost of attending college soaring today, students are depending more and more on their families for financial aid. Government financial aid programs of the past are … Read more

Divorce misstep after 50 can be catastrophic

The Bakersfield Californian May 13, 2011 Fans are watching in horror as the fallout from the bitter divorce war of Jamie and Frank McCourt, the owners of the Los Angeles Dodgers, jeopardizes a long-treasured baseball franchise. With accusations flying, the meltdown of the McCourts’ 30-year marriage has become so toxic that the commissioner of Major … Read more

Boomers, plan your encore career before retiring

The Bakersfield Californian April 8, 2011 Another poll and another indication that baby boomers are just plain frightened about their retirement financial security. Released this week, the Associated Press-LifeGoesStrong.com poll found 44 percent of the boomers surveyed expressed little or no faith that they would have enough money when their careers end. Only 11 percent … Read more