When my kids
were little we looked forward to Halloween. Every year they would dress up in
their scariest costumes and we would walk them through the neighborhood as they
bashfully went up to each house to trick or treat.
fears at the time were that they would eat too much candy or stay up too late
on a school night.
girls are high school age. Their trick-or-treat days are behind them and
college is just around the corner. Now we worry about how to pay for college
and the financial impact their choices will have as their lives unfold. (Among
years are likely to be some of the best of their life. Nevertheless, we are parents.
So, we worry.
Try not to be too scared as you read these 5 frightful facts about paying for college …
financial planner I help clients plan and prepare for retirement. We talk a lot
about how long their money needs to last, what rate of return they need to get,
and ways to reduce market risk.
important, but lately I’ve become much more interested in what makes for a
successful retirement. One that is happy, healthy, rewarding and meaningful.
financially secure is just part of the equation.
Dan Buettner, author of The Blue Zones, has studied this issue for a long time. His research shows that the major contributors to quality of life as we age include the need to remain physically active, to be socially engaged, and to have a sense of purpose.
learning of Dan Buettner and his work, I have been intrigued by the whole idea
of what makes for a “successful” retirement. Hint: it takes more than just
I want to see for myself if Mr. Buettner’s ideas have merit. I want to know what happy, successful retirees actually do to remain physically active, socially engaged and filled with purpose.
So, whenever I can I like to get a peek into the lives of successful retirees and how they live their life in retirement.
This is the first in what I hope will be an ongoing series. If you know someone who is living an extraordinary life in retirement, let me know.
Introducing the Butt Man
I have a
client named Roger who is known as the “Butt Man of Lake Phalen”. Every morning
he walks the trails circling Lake Phalen, picking up cigarette butts he finds
along the way.
I have known
about Roger’s peculiar pastime for several years, mulling about the idea of
joining him on his morning ritual. Recently, I had the opportunity to tag
So far, Roger
has collected and disposed of over 635,000 cigarette butts found wedged into
sidewalk cracks, underneath park benches and scattered among nearby parking
lots near his beloved lake.
know. Since 2009, Roger has taken meticulous notes documenting his daily haul.
Today we added 58 more to the tally.
His dedication has caught the attention of local media. KARE 11’s Boyd Hupert recenty did a story on him. If you haven’t seen it, watch it by clicking here.
Roger is happy, healthy and, from what I can see, lives a very rewarding and meaningful life in retirement. He confided to me on our walk that the real secret to a happy retirement, of course, is to have a wife like his. If you know his wife, Anu, you will find it hard to disagree.
Lake Phalen has a little over three miles of rolling trails that Roger says “remind you that you are doing something”. Along the way we ran into several friends, people that Roger regularly says hello to and often chats with even though neither party knows the other’s name.
course, there is a clear purpose. “If I live long enough, I hope to pick more
than a million butts.”
This morning for breakfast I had cereal with soymilk (I don’t do so well
with dairy) topped off with fruit and raisins. Sometimes I have oatmeal, eggs or
maybe a tasty pastry from my favorite bakery.
And, of course, coffee. Always coffee.
For most Americans our food options are unlimited, and we eat well. Sometimes
too well. Unfortunately, that is not the case for everyone; even here in the
Wednesday, October 16, is World
Food Day, a day that recognizes the importance a healthy meal, and goes
beyond the challenge of ending global hunger to address issues like obesity, sustainability
and access to healthy food options.
early start to one’s financial life is hard but super important. Nearly
everyone I know who describes themselves as “financially successful” got that
way by starting early and making a commitment to improving their financial
Now that your adult kids have graduated from college and summer is over, it’s time for them to get focused on building a strong financial foundation for their future.
Below are 5 things your adult kids must do to kick-start their financial lives:
When most people read those words they naturally think about “saving up” for college.
When I talk about college savings, I am specifically referring to all the money you will save by becoming a smart consumer of a college education and actually paying less for your student’s college education.
After all, if a penny saved is a penny earned, then reducing your student’s college expenses, finding ways to increase your financial aid award, and paying less for their education is as good as any savings program out there, if not better.
Parents of high school seniors better act fast. The FAFSA goes live for the 2020/2021 school year on October 1st.
In the meantime, learn why the Free Application For Federal Student Aid (FAFSA) is so important in this guest post from my friend, Jeannie Burlowski, author of the book, Launch: How To Get Your Kids Through College Debt Free and Into Jobs They Love Afterwards.