My Comments: Some of you reading this have money in 401(k)s and 403(b)s and cannot simply remove it and place it somewhere safer. Which means you’re completely exposed to the vagaries of the markets and you can only hope for the best. I learned long ago that HOPE is not an effective investment strategy. So …
Continue reading How your 401(k) can survive and thrive in the next bear market
My Comments: If you’ve read my blog posts these past few months and years, you know that I have no idea what is coming next. What I do know, however, is that anyone who says “it’s different this time" is full of s**t. It’s the nature of the beast for there to be corrections, and …
My Comments: After 40 plus years as a financial/retirement planner, I’ve lost count of the number of people who, as they approach retirement, ask whether they’ll have enough money. Or the corollary, when will they run out? If you expect to have a successful retirement, ie one where you run out of life before you …
Continue reading Guess How Many Seniors Say Life Is Worse in Retirement
My Comments: Most of the recent talk about the Constitution comes in the wake of the tragedy in Parkland, Florida, for obvious reasons. The attention is well deserved but I'd have you think about more than just the 2nd Amendment. At the national level, if not across the globe, society is re-evaluating itself. Are the values …
Continue reading Can the Country Survive Without a Strong Middle Class?
My Comments: I struggle, day to day, just like you, to figure out what the markets are going to do because so many of my friends and clients are exposed to market risk. Are you exposed to market risk? Does it worry you at all? If not, you don’t need to read this. But if …
My Comments: Now that I’m in my mid 70’s, I’m far more worried about the ups and downs of the markets than I was 15-20 years ago. My ability to pay my monthly bills shrinks exponentially when the market crashes and my retirement money is exposed to that risk. Ergo, I either do not have …
My Comments: I have a client, age 58 and single. I'm unsure just how much money she has set aside for her future. I have every reason to think she’s healthy and given statistical probabilities, will live another 30 years or more. She lives a very busy professional life and finds it hard to focus …
Continue reading The Retirement Savings Mistake That 68% of Baby Boomers Regret
My Comments: In past blog posts I’ve shared the words, and wisdom, of Scott Minerd. He’s one of the principal brains at Guggenheim Partners, a major player on the world stage when it comes to investing money. (BTW, this pic of Scott is from 12/21/2015) Right now many of you are rightly worried by the …
My Comments: Paranoia is an elusive thing. Just because you’re paranoid, it doesn’t mean there’s no one out there intent on putting you down. It’s much the same with the stock market. Just because we’ve not had a market correction now for almost nine years, it doesn’t mean there is one just around the corner. …
With all the recent attention from tax changes made by Congress recently, many of us are wondering how it will affect us. Here's something you might find is useful. Just remember I'm not licensed or qualified to give tax advice so this is information only. It comes from an insurance company called Athene. Technically, their …
Helping Define Your Financial Future 