It is human nature to focus more on the present than the future, which is in line with our basic instinct of survival. After all, if we don't take care of the now, there may not be a future.
This is a true story of my personal journey on how to achieve maximum return on life. I pray that my testimony brings you joy and peace by stamping it's message on your heart.
The chart above covers the S&P 500 (a stock market index) over the past 140 years. What is interesting is that it looks relatively smooth with a few bumps here or there. However, when you dive in under the hood and look at history it tells a much different story. During this period of time we experienced the following:
When one spouse passes, the surviving spouse has the option to take the larger of two social security benefits: his/her own or their late spouse's benefit. It sounds simple enough -- take the larger benefit. However, the surviving spouse needs to do some homework first before making this critical decision.