Simply Financial With Kevin Wray

Many famous quotes weren't intended to be about finances, but there's plenty of retirement planning wisdom that can still be found in them. We'll find some unlikely wisdom from celebrity quotes. After that, we will explore some of the financial lies that people tell themselves.

From time to time, we like to take quotes from famous quotable people and turn those quotes into financial wisdom. Yogi Berra is one of those very quotable people who can actually teach us some financial lessons if we’ll just look through the right prism.

We'll discuss how to make it through the retirement red zone and fill in some blanks in your retirement plan. Later, Kevin will answer some listener questions.

One of the most important aspects of retirement planning is income planning. Unfortunately, there are several ways that this crucial step can go wrong. Let's talk about some common income planning mistakes.

Explore ancient Chinese wisdom, and discover whether times of financial crisis might actually be an opportunity. Learn the dirty little secrets of the financial industry. Finally, make sure you never make certain assumptions about retirement.

Some people in the financial media like to make apocalyptic predictions about certain aspects of the economy and stock market. Which of these proclamations have some merit? We'll also determine what money in your portfolio could be doing more work for you.

Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future. Let’s talk about some of the situations where people might be inclined to take the immediate benefit, when they should really consider the delayed benefit.

We always like to break down complicated financial concepts with analogies. This week, let's see what we can learn about retirement planning from observing a water wheel.

Lots of people have questions about their retirement. But most people should be asking other questions that they don’t know to ask. Some of these questions may revolve around required minimum distributions. We'll also evaluate whether the glass is half empty or half full when it comes to several other retirement topics.

There are certain retirement planning principles that apply to everyone. Regardless of who you are, how much money you have, when you’re retiring, or where you live, there are some universal truths about finances that you must keep in mind if you want to have a successful retirement.

We often hear people express similar complaints about their financial situation. Are most of these complaints legitimate, or are people focusing on the wrong things?

It’s usually not hard to come up with ideas for New Year’s resolutions—things like exercising more, eating healthier, reading more books, or getting more sleep. The key is HOW you’re going to make those things happen. And it’s no different with financial resolutions. We'll tell you how to achieve some financial goals that you could set for yourself this year. In the process, we'll determine where your retirement stands.

There are a lot of questions to answer as you plan for retirement, and typically these questions should be answered far before you stop working. Let's look at some key parts of your plan, and how far out from retirement you should be when you figure them out.. We'll also delve into what it means to be financially independent.