My Comments: Despite being a financial planner and investment advisor for almost 50 years, earning a living and growing a family, the reality is I didn’t do a good planning job for myself. Looking back I now realize my clients did better with their money than I did with ours. I had too many choices …
Continue reading An Uncomfortable Truth About Aging and Retirement Planning
Your Balance Sheet Your household has a balance sheet. As you may recall from accounting courses you took along the way, a balance sheet has the assets listed on the left with liabilities listed on the right. That balance sheet for someone approaching or already in retirement might look like this: Assets: Human Capital …
Continue reading How to Spend Your Nest Egg ~ Probability vs. Safety First
My Comments: There are many comments from presumably smart people at the end of this article that appeared recently. You can find them via the link just below. Many refute what he says and think he’s full of it. Meanwhile, I’m a retired person, and the threat of losing too much money in the short-term …
Continue reading A Massive Stock Market Bubble May Be About To Burst
My Comments: Let me first acknowledge I have a profound respect for Robert Reich. His expressed ideas have always resonated with me and yes, he’s a Democrat, as am I. What follows is relevant these days given both the political environment we live in and the uncertainty about the economy and the investment markets. I …
Continue reading The Truth About The Economy That You’re Not Hearing
I’m sure you’re already aware the markets are very uncertain these days. For most of us, they’re down significantly for the year. For every pundit who says there’s a lot more downside to expect, there’s a pundit telling us we’ve essentially hit the bottom and the upside looks like a return to normal. After …
Continue reading The Retirement Life – The First of Many Steps
My Comments: If you’re like me, you’ve been overwhelmed recently by the recent event in Texas and haven’t allowed yourself to focus on much other stuff. One of those “other stuff” items is what is talked about here. No children will be killed, thank God, but if this plays out like I think it will, …
My Comments: There are as many articles that tell us a bear market has arrived as there are articles that say one will not happen any time soon. I have no idea which one is right. All I do know is that bear market signals are in many ways loud and clear. And if you …
Continue reading What Happens After a Bear Market Starts? Four Things to Know
My Comments: I’ve now spent 45+ years of my life helping others figure out solutions to their financial problems. It wasn’t until recently that I’ve focused my attention on this debt problem. I was mostly focused on growing the amount of money they had with which to pay their bills. Apparently I’m not the only …
Continue reading Nearly Half of All Americans Expect to Retire in Debt, Survey Finds
My Comments: Virtually every employed person in the US has some expectation of getting older and having to survive on resources accumulated over the years. A great many of them have money accumulating in retirement accounts that to some extent depend on continued advances in the stock and bond markets. It’s very easy to go …
Continue reading 8 Facts You Need to Know About Stock Market Corrections
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 …
Helping Define Your Financial Future 