Build an Income-Producing Portfolio

My Comments: I’m increasingly reluctant to suggest what anyone should do with their money. But this article is consistent with what I’m doing with mine. The single most dramatic question when thinking about retirement is ‘Will I have enough money?’. It resonates with almost everyone sooner or later. With so many of us living longer …

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Asset Allocation Explained

Most of us attempt to save money. We know there will come a time when what we save today will be needed to pay for things tomorrow. Our choices about how to do this are varied, mysterious, and confusing. Too often we take the easiest path and hope for the best. We congratulate ourselves for …

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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 …

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‘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 …

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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 …

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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 …

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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 …

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