Mike Bonacorsi is a CERTIFIED FINANCIAL PLANNER™ professional, author of the book Retirement Readiness; Creating Your Vision, Knowing Your Position, and Preparing for Your Future, and host of the Mike Bonacorsi Show on WSMN Radio. The Focus of his practice is helping clients create plans and strategies for retirement built around the key areas of Lifestyle, Wealth and Health. Mike believes that retirement planning is more than just the value of your 401k.
Life Expectancy has changed the way we need to plan for retirement. This two minute tip is about retirement and longevity.
Monday, June 21, 2010
Sunday, June 13, 2010
Two Minute Retirement Readiness Update- Cash Flow
Mike Bonacorsi is a CERTIFIED FINANCIAL PLANNER™ professional, author of the book Retirement Readiness; Creating Your Vision, Knowing Your Position, and Preparing for Your Future, and host of the Mike Bonacorsi Show on WSMN Radio. The Focus of his practice is helping clients create plans and strategies for retirement built around the key areas of Lifestyle, Wealth and Health. Mike believes that retirement planning is more than just the value of your 401k.
This is a two minute tip from MIke is about planning for your cash flow while preparing for retirement.
This is a two minute tip from MIke is about planning for your cash flow while preparing for retirement.
Thursday, June 10, 2010
A Different Time
I remember when I first started hearing about retirement, it was around 45 years ago. I was in the third or fourth grade and my grandfather was talking about his upcoming retirement from the mills in Lawrence.His retirement was an event that should have made me happy; he lived next door to us, he would be around more, I could spend more time with him hanging out and watching cowboy movies but I wasn't happy - I was sad.
I was sad because everyone that I knew that had retired at that time died within a few years; for me my grandfathers retirements signaled his death.Retirement planning for many of his generation covered a five to ten year time period, a fraction of the twenty,or thirty plus years the baby boomer generation may expect to live past traditional retirement age (65).
He received a pension and social security, my grandmother continued to work,and they continued to live a simple life following the same day-to-day routines. My grandfather would head out in the morning do the daily shopping and errands, come home for lunch then meet with his friends; play some cards, a glass or two of wine, then back home to get dinner ready.
This lifestyle lasted three or four years into his retirement, until his health began to fail him, he was seventy when he died, life expectancy was around seventy two at the time.
Today an average life expectancy for an individual at sixty five is in the eighties, many will make it to the ninties and beyond. Longevity carries good and bad news: I will longer longer but am I prepared for it. Money, health and lifestyle all have to be considered, it's not as simple but there is so much more time to do so much more.
I was sad because everyone that I knew that had retired at that time died within a few years; for me my grandfathers retirements signaled his death.Retirement planning for many of his generation covered a five to ten year time period, a fraction of the twenty,or thirty plus years the baby boomer generation may expect to live past traditional retirement age (65).
He received a pension and social security, my grandmother continued to work,and they continued to live a simple life following the same day-to-day routines. My grandfather would head out in the morning do the daily shopping and errands, come home for lunch then meet with his friends; play some cards, a glass or two of wine, then back home to get dinner ready.
This lifestyle lasted three or four years into his retirement, until his health began to fail him, he was seventy when he died, life expectancy was around seventy two at the time.
Today an average life expectancy for an individual at sixty five is in the eighties, many will make it to the ninties and beyond. Longevity carries good and bad news: I will longer longer but am I prepared for it. Money, health and lifestyle all have to be considered, it's not as simple but there is so much more time to do so much more.
Sunday, June 6, 2010
Mike Bonacorsi's Two Minute Retirement Readiness Update
Mike Bonacorsi is a CERTIFIED FINANCIAL PLANNER™ professional, author of the book Retirement Readiness; Creating Your Vision, Knowing Your Position, and Preparing for Your Future, and host of the Mike Bonacorsi Show on WSMN Radio. The Focus of his practice is helping clients create plans and strategies for retirement built around the key areas of Lifestyle, Wealth and Health. Mike believes that retirement planning is more than just the value of your 401k.
This is a two minute tip from Mike on some simple steps to take while preparing for retirement.
This is a two minute tip from Mike on some simple steps to take while preparing for retirement.
Thursday, June 3, 2010
Tuesday, May 25, 2010
Golf -I Just Don’t Get It!
I have been going to golf courses, attempting to hit a little round ball approximately 1.5 inches in diameter with a bag of L shaped sticks into a hole in the ground for over ten years with no success. Now to some of you this may sound like an activity you are familiar with; golf. I assure you in no way shape or form can my activities on the golf course be considered golf.
All winter I think to myself this year I am going to turn it around, my tee shots will be straight, and my putts will drop in the hole but it doesn’t happen. I take lessons. I hit buckets of balls at the driving range and still no improvement, my ongoing concern is whether or not the dozen balls I bought on the way to the course is enough.
I was invited to play with an acquaintance recently and warned him my game was pretty ugly. He said “it can’t be that bad, if we were any good we wouldn’t be working” after the round he said “I owe you an apology, you were right.”
So today is Tuesday and once again I will play in my weekly golf league, I have been to range a couple times since last week’s round and hoping for some improvement. I am not sure it will come, I keep saying this is the last time I will play, but I keep going back. I just don’t get it.
All winter I think to myself this year I am going to turn it around, my tee shots will be straight, and my putts will drop in the hole but it doesn’t happen. I take lessons. I hit buckets of balls at the driving range and still no improvement, my ongoing concern is whether or not the dozen balls I bought on the way to the course is enough.
I was invited to play with an acquaintance recently and warned him my game was pretty ugly. He said “it can’t be that bad, if we were any good we wouldn’t be working” after the round he said “I owe you an apology, you were right.”
So today is Tuesday and once again I will play in my weekly golf league, I have been to range a couple times since last week’s round and hoping for some improvement. I am not sure it will come, I keep saying this is the last time I will play, but I keep going back. I just don’t get it.
Thursday, May 20, 2010
The Mike Bonacorsi Show- May 18, 2010 with guest Nancy Padberg
Mike Bonacorsi is a CERTIFIED FINANCIAL PLANNER™ professional, author of the book Retirement Readiness; Creating Your Vision, Knowing Your Position, and Preparing for Your Future, and host of the Mike Bonacorsi Show on WSMN Radio.
The Focus of his practice is helping clients create plans and strategies for retirement built around the key areas of Lifestyle, Wealth and Health. Mike believes that retirement planning is more than just the value of your 401k.
Today Nancy Padberg from BestBoomerTowns.com is on the Show. Ms. Padberg is a former Fortune 500 Times Mirror executive, Integrated Marketing Communications Vice President and MBA graduate from the Graziadio School of Business & Management at Pepperdine University. Ms. Padberg has over 17 years of publishing and marketing expertise, served on several boards, is a guest speaker, published author, former Big 12 golfer and resides in Santa Monica.
Monday, May 17, 2010
Nudge
Nudge-to push against gently, especially to gain attention or give a signal.
At some point we all need a nudge to motivate us to get things moving, whether it is starting a new project or reenergizing your efforts in an existing activity. This nudge can be as subtle as a whisper in your ear or as blatant as a kick in the pants but when it comes you need to be ready to take advantage of the momentum it creates and turn it into action.
This weekend, accepting a friend’s invitation, I attended National Speakers Association meeting as a guest; “you’ll love it, the people are great and the speakers are top-notch” she said.
I am always cautious about joining a group, I’m not one to mingle, however she was right, the people were friendly and I felt comfortable from the moment I walked in.
My nudge came when the speaker began, Chad Barr (CB Software, Chad Barr Group) a web designer and internet strategist, began to speak about web presence, websites, blogs, articles, videos you name and this was my “kick-in-the pants” moment.
I have been thinking about making changes to my website for the past month or two, I had been thinking about updating my blog regularly for the past three months, I had been thinking about doing some e-books. I had been thinking about doing all these things but not doing them something else always got in the way.
This was more than a timely event or a coincidence, maybe a sign from above, who knows but it is Monday morning and I am posting my first blog in three months and have built scheduled postings into my calendar. I will be discussing my website with my web person later this week and plan on having the e-book complete by June 30.
Reasons to put off, ignore or delay are plentiful and easy to accept, fighting the urge to follow them is difficult. Nudges are difficult to find but powerful and loaded with potential energy when acted on. They may come from a book, a speech, maybe a dream, but you need to recognize it and use the momentum it provides.
At some point we all need a nudge to motivate us to get things moving, whether it is starting a new project or reenergizing your efforts in an existing activity. This nudge can be as subtle as a whisper in your ear or as blatant as a kick in the pants but when it comes you need to be ready to take advantage of the momentum it creates and turn it into action.
This weekend, accepting a friend’s invitation, I attended National Speakers Association meeting as a guest; “you’ll love it, the people are great and the speakers are top-notch” she said.
I am always cautious about joining a group, I’m not one to mingle, however she was right, the people were friendly and I felt comfortable from the moment I walked in.
My nudge came when the speaker began, Chad Barr (CB Software, Chad Barr Group) a web designer and internet strategist, began to speak about web presence, websites, blogs, articles, videos you name and this was my “kick-in-the pants” moment.
I have been thinking about making changes to my website for the past month or two, I had been thinking about updating my blog regularly for the past three months, I had been thinking about doing some e-books. I had been thinking about doing all these things but not doing them something else always got in the way.
This was more than a timely event or a coincidence, maybe a sign from above, who knows but it is Monday morning and I am posting my first blog in three months and have built scheduled postings into my calendar. I will be discussing my website with my web person later this week and plan on having the e-book complete by June 30.
Reasons to put off, ignore or delay are plentiful and easy to accept, fighting the urge to follow them is difficult. Nudges are difficult to find but powerful and loaded with potential energy when acted on. They may come from a book, a speech, maybe a dream, but you need to recognize it and use the momentum it provides.
Monday, February 8, 2010
I Went, I Plunged, I Had a Blast
Yesterday was 30 degrees with a 15-20 mph wind, the water temperature at Hampton Beach was a few degrees warmer; a good day for a swim? You wouldn’t think so but that is exactly what I and several hundred others did participating in the Special Olympics of New Hampshire’s annual Penguin Plunge.
Being a rookie I didn’t know what to expect, Karen and I arrived at the Hampton Beach Casino & and Ballroom around 10:30 to see a party in full force. The place was packed with fellow plungers, some in costume, and supporters, and an 80’s cover band was on stage rockin’. I found my teammates the “No Flockin’ Ideas” from the Plus Company in Nashua and the first words out of everyone’s mouth was “are you ready for this”?
At 11:30, the costume parade began and the changing tents opened, these were giant heated tents to hang out in until it was time to plunge. There were four waves of plungers; we were in the first group. Once changed we headed out toward the beach, you don’t realize how cold it is at first because you are still warm from the tents but, it didn’t take long for the chilly reality to set in.
The wait at the starting line seemed to last forever, I’m not sure if it was the cold or the nervous adrenaline that forcing me to jump up and down. All of a sudden, the crowd started to move forward and I Knew there was no turning back. I remember laughing as I dashed to the water; I plowed in to thigh deep then dropped under. As I came up the cold caused me to take one deep inhale, I think it was the only breath I took until I reached the warmth of the tent.
After changing, we headed back for lunch, laughs and our stories of the experience. Karen and I are new to Special Olympics, my first involvement last summer with softball and now basketball and Karen working with the snowshoe team sponsored by the Plus Company. The plunge event like all events involving Special Olympics had me smiling from the time I arrived to the time I left. When I was I asked how I felt my answer wasn’t “cold” it was “I had a blast, and I will do it again next year”.
Being a rookie I didn’t know what to expect, Karen and I arrived at the Hampton Beach Casino & and Ballroom around 10:30 to see a party in full force. The place was packed with fellow plungers, some in costume, and supporters, and an 80’s cover band was on stage rockin’. I found my teammates the “No Flockin’ Ideas” from the Plus Company in Nashua and the first words out of everyone’s mouth was “are you ready for this”?
At 11:30, the costume parade began and the changing tents opened, these were giant heated tents to hang out in until it was time to plunge. There were four waves of plungers; we were in the first group. Once changed we headed out toward the beach, you don’t realize how cold it is at first because you are still warm from the tents but, it didn’t take long for the chilly reality to set in.
The wait at the starting line seemed to last forever, I’m not sure if it was the cold or the nervous adrenaline that forcing me to jump up and down. All of a sudden, the crowd started to move forward and I Knew there was no turning back. I remember laughing as I dashed to the water; I plowed in to thigh deep then dropped under. As I came up the cold caused me to take one deep inhale, I think it was the only breath I took until I reached the warmth of the tent.
After changing, we headed back for lunch, laughs and our stories of the experience. Karen and I are new to Special Olympics, my first involvement last summer with softball and now basketball and Karen working with the snowshoe team sponsored by the Plus Company. The plunge event like all events involving Special Olympics had me smiling from the time I arrived to the time I left. When I was I asked how I felt my answer wasn’t “cold” it was “I had a blast, and I will do it again next year”.
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