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One of the most talked about - and often least understood - aspects of any pension plan is its "funded status," the percent of future liabilities that is currently funded (or, actually, projected to be funded) by current assets. This is certainly true of Colorado PERA, which will be the focus of this post. By … Continue reading Colorado PERA’s Funded Status, the Signal Light Report, and the AAP
I just finished reading Cameron Huddleston's book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. I think this is an excellent book if you know you need to talk with your parents about their finances, but haven't figured out how to do it. The author … Continue reading Book Recommendation: Mom and Dad, We Need to Talk
As I talk with folks about their finances I'm often surprised at how many of them don't really know what they have. While I certainly didn't expect everyone to be as "into" finances as I am, I sorta always assumed that everyone kept track of their finances in some shape or form. But what I … Continue reading How We Organize and Track Our Finances
One of the major concerns of retirees - and of folks who are pondering their eventual retirement - is the cost of health care. It's a major concern for at least two reasons. First, of course, people realize that there can be significant health care costs as we age. But perhaps just as important is … Continue reading How Much Will You Spend on Health Care in Retirement?
Update 12-20-24: The WEP and the GPO have been repealed. I wrote previously about the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) and how unlike many of my colleagues I actually think the intent is good, although the formula used to compute them is a very blunt instrument and could be improved. … Continue reading Some Nuances of the WEP and GPO
I just re-listened to this episode of the Best New Ideas in Money Podcast, titled Redesigning Your Life Map. I think it's worth 25 minutes of your time, both from a financial literacy perspective and from just a general life satisfaction perspective. You really need to listen to it to get the full context, but … Continue reading Redesigning Your Life Map
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