My Comments: Mohamed A. El-Erian is a globally respected economic advisor and writer. I typically pay attention to what he says. The seven paragraphs here are a powerful insight into what you can expect in the next several months. If you have significant funds exposed to the markets today, be very careful. By Mohamed A. …
Category: Retirement Planning
Ideas to help preserve and grow your money
The 4 Phases of Retirement
My Comments: Before I was able to enjoy my “retirement”, I discovered I was both terminally bored and ready to get back to work. Fortunately, I had been self-employed for decades, so it was a relatively simple matter of starting up what I had stopped. These words from Tony Drake seem somewhat obvious but worth …
Sentiment About Stock Prices Over the Next Six Months
My Comments: I have some thoughts about what might happen in the markets over the next six months, but realistically have no confidence in those thoughts. Which makes listening to the collective sentiment of others important if you at least want a clue about what’s likely to happen. I suggest you ignore this at your …
Continue reading Sentiment About Stock Prices Over the Next Six Months
Housing Wealth as an Inflation Hedge?
My Comments: if you follow my blog posts, you’ll have noticed I often talk on Fridays about reverse mortgages and their association with financial freedom in retirement. A prominent thought leader in this arena is Don Graves. What appears here are comments and a chart he will use when speaking in Indianapolis today, May 13th. …
The Lowdown on Living Trusts
My Comments: Many years ago, the term “estate plan” typically applied to those who had assets of roughly $500,000 or more. The idea was to put in place a trust or trusts to limit potential estate taxes, imposed by some states and the Federal Government. The goal was to leave more for heirs. Today, estate …
An Economist’s Warning for Stock Market Investors
My Comments: Apart for the different spelling of certain words, the following should encourage you to be very cautious about keeping your money in the “stock market” going forward. I’m less worried for those of you with a long-term time horizon of 15 - 20 years. Chances are you’re not about to become a retired …
Continue reading An Economist’s Warning for Stock Market Investors
Choosing a Financial Advisor: 5 Quick & Dirty Questions to Ask
My Comments: I’ve previously suggested there’s one question to be asked very early in a conversation with a potential financial advisor. That question goes something like this: “Will your actions on my behalf be held to a fiduciary standard?” If there is any hesitancy from the person being asked, be prepared to leave and find …
Continue reading Choosing a Financial Advisor: 5 Quick & Dirty Questions to Ask
Documents to Have as You Get Older – Part Two
By Tony Kendzior, CLU, ChFC \ April 27, 2022 Part One appeared last week where I gave you what I consider the five primary documents to prepare and have available as a senior citizen. Here is Part Two. The premise is that sooner or later you’re going to move into the great beyond, either quickly …
Continue reading Documents to Have as You Get Older – Part Two
Retirees’ Home Equity: Useful but Unused
My Comments: Increasingly I'm finding there are many a retired family short on cash to pay bills yet who also have lots of equity in their homes. This article from the Center for Retirement Research @ Boston College suggests there is a real solution for some. I hope that if you find yourself financially stressed, …
Documents to Have as You Get Older – Part One
By Tony Kendzior, CLU, ChFC \ April 27, 2022 Some of us are naturally organized and some of us not so much. From that I conclude that regardless of your ability to keep yourself organized, it’s very important that as we age, we have certain documents and a place to keep them. Be aware that …
Continue reading Documents to Have as You Get Older – Part One
Helping You Prepare Your Financial Future 