Bud Hebeler was an early contributor to NewRetirement, an advocate of active planning and management of your money, and a constant source of sage advice. He passed away on August 21, 2017 in Bellevue, Washington at the age of 84. His insights stand the test of time.
A graduate of the Massachusetts Institute of Technology, Bud spent most of his working life at the Boeing Aerospace Company, where he achieved great results and innovations, becoming president of the company’s most profitable division.
Bud retired from Boeing at age 55. But he took on a second mission as a passionate and energetic evangelist of personal finance and retirement planning education, developing a free calculator and his retirement advice column. www.AnalyzeNow.com and has written for many reputable publications such as wall street journal, market watch, AAII etc. He has been interviewed and quoted in almost every major financial outlet.
He is a clear and unbiased voice on financial literacy, helping millions of people plan for a more secure and prosperous retirement.
Here are some of Bud’s most important lessons about retirement and estate planning.
Plan your retirement seriously
Bud embodies what we hope to help people achieve in retirement. He achieved financial stability and carefully managed his retirement funds.
Bud has taken the time to deeply understand difficult questions about financial planning, Social Security, Medicare, pensions, taxes, investing, pensions, and many other topics, translating them into helpful articles and tools that have helped millions of It was used by many people.
He had a clear point of view and was a critical thinker. He had strong beliefs in how to approach and solve problems. He wasn’t shy about sharing what he loved and what he thought could be used to improve things in the spirit of improving things faster.
- Not everyone needs to be as deeply involved in retirement planning as Bud. But we all need to take an active interest in our retirement finances. Retirement is the only time in your life where you’ll be living off relatively fixed assets for an extended period of time, and you can’t afford to misunderstand this.
If you want a stress-free retirement, be conservative.
Bud encouraged people to embrace conservative views and do serious retirement financial planning.
In one of his last articles for NewRetirement, he wrote: Relief from financial stress in retirement may be one of your greatest blessings. ”
- Consider what would happen to your finances with conservative returns and bad economic news. This knowledge will help you plan for a more secure future.
Seek expert advice if necessary
Although Bud was primarily a do-it-yourself retirement planner, he knew when to seek professional retirement advice from a financial advisor, especially when he was just retired.
“When it comes to investing, he said, “I’ve learned professional retirement advice from my working days, specifically buying low-cost index stock funds and real bonds rather than bond funds, and making sure that I’m on the right track financially. “I have great faith in the advice given to protect the interests of the public.” You are making a plan to decide how much you should save. ”
Your retirement plan is for you, your spouse, and other dependents
Bud was keenly aware that he needed a retirement plan that would not only allow him to grow, but also support his surviving spouse.
Have a purpose and support a worthy cause
Bud wasn’t driven by money. He wanted financial security and wanted to be efficient. However, once he achieved “enough” for his household and extended family, he shifted his focus to working on helping others because he felt it was a better use of his personal time.
He was generous with his time and expertise, always writing new articles, and was happy to write detailed answers to people’s retirement questions, usually overnight.
- Having a purpose in retirement is scientifically proven to keep you mentally, physically, and emotionally healthy.
Know what is truly important to you
Family was always foremost in Bud’s heart. He was intentional about making time to enjoy skiing and spend time with his loved ones.
- Prioritize the things that are important to you and always make time for them.
think about after retirement
In addition to planning for his own retirement, Bud took great care to ensure the well-being of those he left behind after he was gone, and through his life and wealth he provided for his children, grandchildren, and charities. I gave a thoughtful and understated gift.
Let your loved ones know what to do after you’re gone
Bud was certainly the perfect planner. He also wrote his own obituary and received lots of advice to help his heirs continue living comfortably after he passed away.
- Most experts recommend preparing at least four documents for estate planning.Bud at least listed 34 documents he recommends You leave behind to make sure your loved ones are comfortable.
Bud will be greatly missed. But we want to keep his retirement planning ideas alive so you can have a secure future.