How Healthy is Your Psychological Portfolio?

Is your self-worth dependent on your job, your title or your paycheck?

If so, what will happen when you retire and all of those disappear?

Nancy K. Schlossberg, author of Too Young to Be Old: Love, Learn, Work, and Play as You Age, focuses on the transition to retirement, by focusing on the importance of having a healthy psychological portfolio for retirement. Nancy discusses the mental preparation new retirees should do in order to find balance in their life.

She also encourages open communication with life partners and family about your finances. Listen to learn how you can improve your financial conversations.

Are you overwhelmed when you open your financial statements and need help understanding the numbers? Doug offers a brief guide to understanding your financial statements.

The biggest mistake an investor can make is not making an effort to understand what is going on. Even if you just look at the front page of your statement, learn what numbers are the most important to look at (hint: it may not be the total net worth).

If you would like a more depth resource for understanding your financial statements, watch this  video.

To learn more about Nancy K. Schlossberg, visit her www.transitionsthroughlife.com.

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