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Retirement planning is hard. Beyond the math, there’s a psychological hurdle that trips people up: shifting from decades of saving money and earning income
How to Recreate Your Paycheck in Retirement
Heritage Financial Blogs
Latest from Heritage Financial
Building Your Retirement Budget
Table of Contents
Part Three in my Planning for Retirement Series based on my How to Recreate your Paycheck in Retirement class.
Key
Review: The Millionaire Next Door by Stanley and Danko
Table of Contents
Why This Book Matters
A groundbreaking study that demolishes myths about wealth and reveals the actual spending and planning habits of America’s millionaires.
The Biggest Market Risk Isn’t a Crash — It’s a Lost Decade
The S&P 500 fell nearly 50% during the 2000–2002 Tech Wreck, recovered to new highs, and then collapsed another 57% during the 2007–2009 Great Financial Crisis. Most investors view these as two separate disasters. They weren’t.
A more useful way to view this period is as a single bear market that followed the extraordinary 1982–2000 run. That bear began in
Best Books I Read in 2025
I’ve been sharing book recommendations on the blog for years and created a landing page if you want to check them out here .
Fiction
Shōgun (The Asian Saga) by James Clavell
The FX series was excellent, but I enjoyed the books as well. The classic epic novel of feudal Japan that captured the heart of a culture and
The 5 Types of Wealth: 5 Simple Habits You Can Start This Month
I recently recommended The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life by Sahil Bloom. The book is a useful reminder that while money matters, it’s only one form of wealth—and after a basic threshold, chasing more can quietly crowd out the things that make a good life: time, relationships, health, and a sense of purpose.
Important Year-End Financial Moves to Make Before December 31
Warren Buffett once wrote that your investments don’t know they’ve circled the sun for one more year — but your tax plan certainly does. As the calendar winds down, year-end financial planning becomes essential for minimizing taxes, avoiding surprise tax bills, making smart charitable gifts, and ensuring your retirement contributions and portfolio structure are exactly where you want them.
The
Will the Market Crash Soon? Lessons from the Last Four Bear Markets.
The stock market makes people uneasy.When it’s down, we fixate on the red ink, smaller account values, and gloomy headlines—forgetting the market’s typical generosity. When it’s up, we fixate about the next market crash, either because the last one left scars or the negative headlines are too much.That brings us to today’s market, which offers reasons to worry as it
Building a Tax-free Roth Bucket for Your Retirement
Part Four in my Planning for Retirement Series based on my How to Recreate Your Paycheck in Retirement class.
Part one covers why you need to invest for retirement: it’s likely to be longer than expected due to increased life expectancies and people often retiring sooner than planned, inflation erodes purchasing power by half during retirement, and we need portfolio
The Psychology of Money Book Review
Table of Contents
- Book Review: The Psychology of Money by Morgan Housel
- Why This Book Stands Out
- Favorite Takeaways
- Final Thoughts on The Psychology of Money
- Suggested Further Reading
There’s a new addition to the personal finance book hall of fame, The Psychology of Money by Morgan