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Overcoming Spending Anxiety: When Financial Planning for Retirement Isn't Enough


Overcoming Spending Anxiety: When Financial Planning for Retirement Isn't Enough

Published 7/14/10  (Modified 3/8/11)

By MoneyBlueBook

This is a guest post from Marc Pearlman.

Back in the early to mid-1990s I made my living by sitting in front of computer monitor with green and red glowing pixels that flashed stock and commodity prices. I was an off-the-floor stock and commodity trader, and in my world, green and red meant everything. Green meant I was making money, and red meant I would be drawing out of my savings to pay for monthly expenses.

Fortunately for me, I was given some sage advice from a wealthy mentor of mine who was about 25 years my senior and knew of an obstacle that I was likely to encounter. I still remember his wise words: "Kid, make sure you put money into an account you can draw from when times are lean--and expect some lean times. It's part of the game."

Even though I heeded his advice, there was one thing I didn't account for: the feeling I'd have when trekking to the bank to withdraw those savings. While I had been diligently depositing money in my high yield savings account specifically to be drawn on when needed, the mental anguish of seeing my balance decrease--sometimes month after month--was one of the biggest challenges I had to overcome as a trader.

From Retirement Saving to Retirement Spending: Getting Past the Anxiety

Fast-forward 16 years: now I manage other people's money for a living. I'm on the phone with a client in his mid-60s who recently retired. He asks me if taking $10,000 out of

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How To Request USPS Hold Mail Service Online

Published 9/7/09  (Modified 3/8/11)

By MoneyBlueBook

Although we are now living in the computer (Internet) age and everything seems to be going paperless, certain people still insist on doing things the old fashioned way. But if you want to do a better job of saving precious time and money, you might want to start taking better advantage of the more efficient online services out there, if you aren't already doing so. Services like postal delivery and mail forwarding can nowadays be effectively managed online without the necessity of having to perform an errand run to the post office.

Some of you may live within a short drive or even within walking distance of your neighborhood post office. But unfortunately in my case, my local post office is a bit of a distance away situated within the city center, and getting there frequently requires that I fight through road rage inducing traffic jams and suffer through depressingly long lines once I've arrived. While I'm sure the folks at the U.S. postal service (USPS) do the best they can under the circumstances, I pretty much avoid visiting the post office as best as I can - turning to the free USPS website to manage the bulk of my postal decisions whenever possible.

Put Your Mail On Hold For Free By Requesting USPS Hold Mail Service Online

Unless you have someone at home to receive your mail for you, those of you planning to be away for an extended period of time (3 days or more) on vacation or for a business trip may want to

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Living Near Power Lines: Is it Dangerous to Your Health?

Published 8/28/09  (Modified 6/17/11)

By MoneyBlueBook

The Internet is quite a mixed bag of information - a wild, wild west cornucopia of unfiltered and unadulterated questions and answers. Among the nuggets of knowledge, there's an endless supply of trashy material and unsubstantiated half truths. For every debatable issue imaginable, there are legions of supporters and oppositions on both sides of the divide. Search engines like Google and Bing do nothing to segregate the legitimate articles from the biased quackery and it's often up to the readers themselves to differentiate fact from fiction. Such is the case with a very contentious and controversial issue of mine that's literally hitting close to home - the issue of living next to power lines and whether they have any negative impact on one's health.

From the various articles available online, you'll frequently read comments and posts from individuals claiming that their personal cancers and miscarriages were the direct results of living too close to nearby power lines. Though when subjected to scientific scrutiny, this does not necessarily indicate a definitive connection between the two, it's easy to see how the passionate and emotional voices could come to such conclusions. In my case, both of my parents are survivors of lymphoma cancer. Both of them successfully completed their chemotherapy treatments and both were able to cure themselves of the cancers that plagued their bodies for months. However, as far as I know - they and I have never lived in close proximity to power lines of any sort. However, if we hypothetically had, I'm sure I would

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How To Win The Lottery: Powerball and Mega Millions

Published 6/27/09  (Modified 6/17/11)

By MoneyBlueBook

Free Monthly Lottery Drawing: The American Dream Card From HSBC (info)

Since I was a little kid, I've always dreamed of hitting it big and winning the lottery. I'm not talking about winning the Texas Holdem poker pot at your buddy's house, or lucking out at grandma's Bingo night, but rather about�  landing one of those mega jackpots - the ones you see on TV that feature the screaming people holding the oversized checks - the Powerball's and the Mega Millions lotteries. Alas - I've yet to experience success in any type of sweepstakes or lottery drawing other than that one time I won my elementary school's carnival raffle as a kid (and even then my "prize" was simply a free lunch and movie date of sorts with my school principle). But certainly one can dream right?

For many people, winning a multi million dollar lottery jackpot is truly the ultimate once-in-a-lifetime fantasy. In light of spiking unemployment rates and the ongoing recession, some people now even see lotteries as their best and only chance to ever gain a personal net worth of a million dollars or more. But unfortunately for them and the millions of people who participate in the daily and weekly lottery drawings, the odds are astronomically stacked against them - so much so that their chances of being struck by lightening or even drowning in their own bathtubs are much higher than that of ever winning. Participants of the popular Powerball lottery currently face an unfathomable 1 in

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How To Stop Receiving Paper Junk Mail and Save Trees

Published 6/18/09  (Modified 3/8/11)

By MoneyBlueBook

After finally returning home from an extended three month overseas trip to spend time with my parents, I was greeted back home by an overweight mail box stuffed to the brim and absolutely overflowing with junk mail. Although I had authorized my mail to be temporarily redirected to my brother's address while I was away, a very great deal of unsolicited junk mailers, expired coupon booklets, and pre-approved credit card offers still mysteriously winded up in my inbox. All in all, the entire paper pile, weighing in excess of many pounds, ultimately found its way straight into my trash can in a matter of minutes - fulfilling its pointless life cycle as not only a complete waste of my personal time, but as a fruitless consumer of precious natural resources.

Save The Environment and De-clutter Your Life By Reducing Junk Mail Trash

According to online statistics from sources such as the Center for a New American Dream (CNAD), a non profit organization based in Maryland whose stated mission is to protect the environment by helping Americans develop sustainable consumption habits - simply by eliminating the amount of junk mail you receive every day can significantly reduce the amount of energy and natural resources you consume, as well as greatly reduce the landfill space usage and carbon footprint that you leave behind. For example, according to numbers provided by CNAD, the Environmental Protection Agency (EPA), and various sources, did you know that:

  • The average American household receives unsolicited junk mail equivalent to 1.5 trees every year, which comes out
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Battling Blogger Burn Out and Lack Of Blog Posting Frequency

Published 8/14/08  (Modified 3/8/11)

By MoneyBlueBook

The past few weeks have been tough on me as an aspiring full time blogger. After almost a full year of nearly regular blog posts and after months of practicing fairly consistent writing habits, I've finally been smitten with the ailment that inevitably afflicts all bloggers and online entrepreneurs at some point or another - blogger burn out. Blogger's block, as the affliction is commonly called, is basically the lack of motivation and sudden depletion of new ideas found in those suffering from writer's block, except it affects those who blog online for alternative side income or for amusement. However, in my case, it's not the lack of new article writing ideas or lack of potential subjects to opine about, but rather the summer laziness feeling that has made it nearly impossible for me to stay self driven and self motivated. I actually have a spiral notebook that I keep around and regularly update. The notepad contains all my various scribbled down notes and ideas as they come to me. With hundreds of personal finance article writing topics and self jotted potential leads to inspire me, it's rarely a matter of running out of ideas - I have plenty of them - it's actually the drive and daily motivation to actually sit down and put fingers to keyboard that's the feet dragging hurdle for myself at the moment. When it comes to running a side business in the nature of self employment, one must have a consistent way to stay focused and stay driven, working

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