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 …

Continue reading A Retirement Plan for Workaholics – 5 Tips

‘Rolling Bear Market’ Will Paralyze Stocks for Years: Morgan Stanley

My Comments: It became accepted wisdom that a properly diversified stock portfolio can indefinitely absorb an annual 4% withdrawal rate to satisfy a need for retirement income. That assumption is now disappearing. There is growing sentiment that over the next decade, if not longer, a 4% withdrawal rate will lead to the exhaustion of your …

Continue reading ‘Rolling Bear Market’ Will Paralyze Stocks for Years: Morgan Stanley

We’re underestimating China’s economic power. Here’s why

My Comments: By first choosing to opt out of participating in the Trans Pacific Partnership (TPP) and then inviting a trade war with China, the US has effectively ceded global economic supremacy to China. The expressed logic behind these moves was in the guise of ‘Make America Great Again”. Hah! In turn, China is attempting …

Continue reading We’re underestimating China’s economic power. Here’s why

Money Confession: I have $30,000 sitting in my checking account, but I’m too scared to touch it

Tony’s Friday Blog = Random Thoughts: This advice from Kaitlin Menza applies not only to millenials but to baby boomers and earlier (of which I am one). But especially to those of you with many years to live. Inertia is an insidious problem for many of us. We have money in a ‘safe’ place and …

Continue reading Money Confession: I have $30,000 sitting in my checking account, but I’m too scared to touch it

The Fiduciary Rule Is Dead. What’s an Investor to Do Now?

My Comments: Under the Obama administration, a long awaited and necessary step was taken to introduce rules that protected consumers of investment advice. It created a fiduciary standard for licensed financial professionals that formalized a ‘best interest’ mindset for professionals when working with clients. Very soon after Trump became president, he announced this idea was …

Continue reading The Fiduciary Rule Is Dead. What’s an Investor to Do Now?

Behold the ‘scariest chart’ for the stock market

My Comments: By now you’ll perhaps realize that whatever I say about what is likely to happen in the markets is wrong, and that you’d be better off doing just the opposite. That’s OK. And if you are young and retirement is a few decades away, it’s OK to ride it out. But if you’re …

Continue reading Behold the ‘scariest chart’ for the stock market

7 Myths About Variable Annuities: Exposing Their Dark Side

My Comments: Anyone now retired or thinking about retirement spends time and energy coming to terms with how to manage their money. Increasingly, fees charged by advisors and/or their companies are perceived as a threat somewhere along the way. However, unless you have the skills to do it all yourself, you are necessarily going to …

Continue reading 7 Myths About Variable Annuities: Exposing Their Dark Side