My Comments: The lack of financial literacy for most people is an existential risk when thinking about money and the role it plays in peoples everyday lives. And it becomes even greater when the idea of retirement surfaces and what has to be put in place long before that day arrives. Here’s a start… by …
Tag: financial advisor
A Retirement Plan for Workaholics – 5 Tips
My Comments: If you’re still a working stiff, the idea of eventual retirement crosses your mind from time to time. In years past, we thought of live as having two phases: childhood and adulthood. In childhood we are dependent on others and in adulthood we are dependent on ourselves. Adults worked until they died or …
A Glossary of Basic Investment Terms
My Comments: Financial literacy has to start somewhere. If you are planning for an eventual retirement and want to grow your money between now and then, a degree of financial literacy is mandatory. Start here… by Emma Johnson \ June 1, 2018 If you’ve ever scanned the business headlines, you’re probably familiar with terms like …
11 Proven Ways to Boost Your Retirement Income
My Comments: Personally, I’m completely invested in #4, #6, #8, and #9. I’m working hard on #1 and #10. What you choose is entirely up to you. Boosting your retirement income is not about accumulating more stuff. It’s about enjoying life, completing your bucket list of things to do, and having money to pay your …
Continue reading 11 Proven Ways to Boost Your Retirement Income
When to Take Social Security: The Complete Guide
My Comments: Social Security is a complicated issue for almost everyone in the retirement planning process. There are so many variables it’s hard to get your arms around what is in your best interest. Many people just say to hell with it and sign up at age 62. And that can be a huge mistake. …
Continue reading When to Take Social Security: The Complete Guide
Retiring Soon? Plan for Market Downturns
My Comments: Are you nervous yet? If you have 20 years or so until you retire, you may not need to be nervous. But if retirement is just around the corner, then you need to start being defensive, if you’re not already. There are a number of pressures building in the markets. This gives you …
Civility Has Its Limits
My Comments: Instant gratification, or the desire for it, is the norm in 21st Century America. It may be OK when you discover you’re hungry and have no need to go into the woods and shoot something, or instead of waiting days for the mail to arrive, you simply go to your phone and look …
Listen to the IMF’s new warning, economist says, and cut your exposure to US stocks
My Comments: The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." They recognize that market crashes happen from time to time, and …
Continue reading Listen to the IMF’s new warning, economist says, and cut your exposure to US stocks
Caring for Your Aging Parents: How to Prepare
My Comments: Retirement is the third major time in people’s lives. It follows childhood and adulthood. Well, OK, a retired person is also an adult but retirement is a different stage. I describe it as when you turn off the ‘work for money’ switch and turn on the ‘money works for you' switch. Meanwhile, modern …
Continue reading Caring for Your Aging Parents: How to Prepare
The ‘Great Bull’ market is ‘dead,’ and here’s what’s next, Bank of America predicts
My Comments: For most of my adult life, the major player among brokerage firms in the US was Merrill Lynch. Actually I remember it as Merrill Lynch Pierce Fenner and Smith. Then the crash happened in the fall of 2008 and Bank of America acquired ML on 1/1/2009. The cynic in me said that BoA …
Continue reading The ‘Great Bull’ market is ‘dead,’ and here’s what’s next, Bank of America predicts
Helping Define Your Financial Future 