One of my favorite topics to
discuss with clients are their travel plans. The answers I get range from China
to Europe and all across the U.S. One couple I know is visiting Norway right
now and another will be traveling to Africa later this month.
Apparently, they are not alone. According
to AARP, 47% of baby boomers expected to travel internationally in 2018.
Overseas travel may be one of the
more popular aspirations in retirement, but it does raise an important
question: “Will my health insurance coverage travel with me?”
Financial planning isn’t about maximizing investment
returns, minimizing taxes, or developing strategies to pay less for college or
beef up your Social Security check.
It’s really about structuring your personal and financial
resources so you can get more joy and happiness from life. That means making
the most of the next 90 days, even if it’s not always very summerlike outside.
As a planner, I am fond of lists. I love to create them and
attach them to walls, refrigerators and computer monitors. Sometimes I even get
to experience the sweet satisfaction of crossing things off them.
I find that a good list not only helps me define and
prioritize my goals, it helps me remember what I wanted to do in the first
Without a good list, I am likely to find myself at the MN State Fair wondering how I managed to let another summer slip through my fingers.
About this time of year my family starts to put together their Christmas list. It’s not just the kids. Adults, too, are encouraged (even expected) to produce a list of the stuff they’d like to receive for Christmas.
Instead, I propose we do a Gratitude List. A list of the things we are most grateful for and, frankly, could probably not live without.
Not in any particular order are just a few of the things I am grateful for this Thanksgiving.
According to the National Retail Federation, Americans will spend an estimated $19.6 billion on Valentine’s Day this year. With a little more than half of the American population participating in Valentine’s Day giving, that breaks down to about $143 per person.
While chocolates, candied hearts or a night out on the town can be great ways to express your love, I would argue that financial planning may be the ultimate act that says, “I love you and I care about you”.
That was my first official day as a financial planner. For several months, I had been working hard to get licensed, establish a network of contacts, and get set up to hit the ground running, but Wednesday, November 22, 1992 was my official first day on the job.
My manager generously allowed me to celebrate by taking the next day off. The fact that the next day was Thanksgiving and he wanted to spend it with his family, I am sure was just a coincidence.
Back then, the only days we had off were Sundays and major Federal holidays. The Friday after Thanksgiving was not one of them. So, on Friday the 24th I was back at it – or maybe I should say “at it” since I hadn’t really even gotten started yet.