Barrett's 2 Cents

No-filter financial advice for alpha boomers

Author: Barrett Porter (page 1 of 10)

Done by 60: Less House, More Experiences

small-houseThe tiny house movement is sweeping the nation. While, according to Wikipedia, the average size of a new house grew from 1,780 square feet in 1978 to 2,662 in 2013, some people are focusing on “tiny houses,” which are less than 1,000 square feet. So what gives? Are these people finally realizing that experiences make people happier than “stuff”? Read More »

Done by 60: Living the Glory Decade

surfingWhen my dear friend Jim is not tending to patients, he’s hiking in Bhutan, skiing in the Rockies or challenging Six Flags’ biggest coasters. At 67 (8.19 squared as he puts it), Jim is my poster boy for how to totally crush it in the glory decade, aka our 60s. Given that we’re living longer these days, you might be wondering why I’m so hell-bent on helping people reach a state of financial independence by age 60.

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Done by 60: Overstaying Your Welcome

homeownerBreaking news! Home ownership, if done right and in long stretches, can result in lower housing costs than if you were to rent that same house. OK, so you already knew that. But remaining a homeowner into your 60s? Now you’re just overstaying your welcome. By planning now to be a renter later, you can shave several years off your work life.

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Done by 60

ecuadorI’m moving to Ecuador! Not this year, of course, but I’ve started to view my own retirement plan through a very different lens. I notice that people almost always plan for retirement by projecting their current lifestyle (spending) into the future instead of planning for a future they’ve designed. Well, I’ve decided I am going to design a plan in which I’m done by 60.

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Talking to Your Elderly Family Members About Fixing Their Portfolios

son and motherA client of mine (let’s call him Mike) recently showed me his 86-year-old mom’s portfolio. Mike’s father had handled the investment decisions, so his mother has let the portfolio run on autopilot since he died. Mike and his siblings are concerned about the contents of her nest egg, since 80% of it is in just a handful of blue chip stocks (gulp). So how do we help our elderly moms fix their broken portfolios when they ask for help?

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