The Ultimate Retirement Guide for 50+ Quotes

“outlook? I know many of you want to stay in your home. It can be wrenching to consider a move if you have had roots in the same house for years, with all the memories that are tied to it. But I ask you to at least open your mind to contemplate a few realities. Those memories are about the people you welcomed into your home and the experiences that took place within it. You can move and still have those memories to share with your loved ones.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Check out the website of Kerry Hannon, who has written a dozen books on career transitions and great jobs for the 50-plus crowd (kerryhannon.com). She is also AARP’s Jobs Expert.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“The ultimate retirement is one in which you discover who you truly are and you love that person. That, my friends, is what genuine happiness is about. Clearly, KT and I are very fortunate to be able to afford this beautiful way of life, but the lesson here is not about how wonderful our experience is. It has everything to do with the promise that awaits you in retirement. And the lesson is this: You are not defined by your work, no matter what it is or was. You are defined by who you are, how you live, and the love and respect you show to yourself and to others. There really is life after work. The ultimate retirement is one in which you wake up and greet the sunrise each day with joy. In the ultimate retirement, you find meaning in every single day. If you make the time to look inside yourself, to marvel at the wonderment of life, you will be amazed at what you discover.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Once you have a trust, you must decide what assets to put inside the trust. This is called funding the trust, and it requires changing the title of ownership of that asset to the trust. Common assets that you will want to consider owning inside the trust include any real estate you own, and bank and investment accounts that are not retirement accounts.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“When you create a living revocable trust, you should also make sure it includes an incapacity clause. This stipulates that if you become unable to handle your affairs, your successor trustee can step in and take control, running the trust as you directed in writing. In your trust you can also appoint someone to make the determination of when you are incapacitated. If you do this, your successor trustee (and all your loved ones) will be able to avoid a conservator-ship proceeding that requires getting court approval, which will take time and money.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Ellevest is a robo-advisor that fine-tunes its algorithms for female clients to take into account that women typically have different lifetime salary patterns and longer life expectancies.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“But that emotional reaction isn’t you being dumb or irrational; you are being human. It is hard to stay committed to anything when you are feeling vulnerable and threatened.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Those are just examples; my advice is to search for the lowest-cost Treasury options at whatever brokerage you have your money with. Just remember: With a mutual fund you never should pay any sales commission, called a load. And check whether your brokerage offers Treasury ETFs that you can buy and sell without paying a sales commission.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“am not suggesting you keep all your money in stocks. No way! My message is that you should keep some money in stocks. If you are in your 50s and 60s today, depending on your situation, you should already have a significant portion of your portfolio—maybe half—invested in bonds. But the other half of your investable assets most likely are in stocks.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“you will not owe any withdrawal penalties.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“A one-year CD will typically charge an early withdrawal penalty of three months or so of interest. For a five-year CD, the penalty might be six to eight months interest. Every CD issuer has its own policy. Be sure you know the rules before you invest. A portfolio of CDs with different maturities can be a smart strategy to increase your overall yield, while reducing the chances you will need to make an early withdrawal. For instance you could invest equal amounts in five different CDs: one-year, two-year, three-year, four-year, and five-year. That way you have some money maturing every year. When the one-year CD matures, invest it in a new five-year. Your two-year CD now has just one more year to go, so it becomes your one-year CD. When it matures, invest that in a five-year CD too. Keep doing this and eventually you will have a portfolio of five-year CDs, with one maturing every year. That will pay you more interest than if you kept all of your money in a one-year CD that you had to reinvest annually. I think the CD ladder can be a terrific option for some of your cash, but if you are aiming for a two-year cash reserve, I would still keep at least six months of that in a simple savings account where”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Take a spin through your monthly spending and challenge yourself to cut your nonessential costs by at least 20%—something I recommend whether you are 35 or 75.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“You can open a Roth IRA account at almost any financial institution, from credit unions to discount brokerages such as Fidelity Investments, Charles Schwab, TD Ameritrade, and Vanguard.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“After suffering the loss of a loved one, do nothing but keep your money safe and sound for at least one year. If you want to find the best financial advisor, look in the mirror—for no one will care about your money more than you do.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Retirement saving must take precedence over paying for college.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Everything is possible if you believe in yourself. Before you start down the road of negative thoughts, slam on the brakes.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“There are no loans for retirement.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Making smart choices in your 50s and 60s will give you the gift of not having to worry about finances in your 70s, 80s, and 90s.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“If you cannot pick yourself up, if you cannot start taking action right now, then who is going to do it for you?”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“The only way to conquer fear is through action.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“You can’t rewrite history, undo the past, or predict the future.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“The most valuable asset you own at this stage of your life is your spirit.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime

“Invest in the known versus the unknown.”
― Suze Orman, The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last a Lifetime