My Comments: In 1983, when Social Security was on the verge of going broke, Congress made some changes to keep it alive and well. It’s again on the verge of going broke and there are ways to fix it. But were not yet close enough to the edge of the cliff for there to be …
Tag: investments
A 60-40 Portfolio Could Return Less Than A Savings Account
My Comments: How fast will your money grow? An expectation of growing money at an annual rate of 7% to 10% going forward is probably unrealistic. Interest rates and inflation rates are relatively low, and global economic growth rates are likely to slow down over the next two decades. See my earlier posts to understand …
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Retirement Can Be Hard
My Comments: Retirement means different things to each of us; it may be when we quit a long career, or we need something less intensive, our current employer sucks, or maybe we simply stop working. If you’ve been disciplined, it’s time to let your money start working for you, always assuming you have some. But …
When Will the Bull Market End?
My Comments: Be assured, I have no idea. But then, I don’t know what I’m going to have for lunch either. All I know is that I will have lunch and one of these days, this bull market will end. The trick is to understand that it will end, and if you’re not ready to …
Are You Ready For The Next Crash?
My Comments: Dr. Doom here once again! Fundamentally, I’m an optimist, except when the shadows of doom are clearly in the wings. If your money is exposed to the markets, I encourage you to read this. If you can, look carefully at the chart and note the changes in key metrics for our economy between …
Retirement: Get Help or Not?
My Comments: Some people have an innate ability to look after money. Others, not so much. This is especially critical as you transition from working FOR money to when money is working FOR YOU. We call this retirement. It’s further complicated because the financial advice industry is now undergoing a massive shift in how you …
Social Security Fundamentals
My Comments: Forget for a minute that without changes from Congress, Social Security as we know it today will collapse. We’re probably 15 years away from that happening which means no one now in Congress gives a damn. In the meantime, many of you are starting to explore when and how to sign up for …
Retirement Roulette
My Comments: I’ve been known to place a bet now and then. But Las Vegas, for me, is nothing more than a place to visit from time to time. But it takes all kinds, and if you are one who enjoys the uncertainty of your financial future, here’s an article for you to consider. Thanks …
A $400 Trillion Financial Time Bomb
My Comments: Scary. I’ll be gone by then, but are you kids listening? Allison Schrager / June 2, 2017 Financial disaster is looming, and not because of the stock market or subprime loans. The coming crisis is more insidious, structural, and almost certain to blow up eventually. The World Economic Forum (WEF) predicts that by …
When to Start Social Security
My Comments: A very serious question, and one that requires some thinking about. We’ve talked about this before, but if you’ve not yet signed up, here are five questions you can ask yourself to get a better answer. Chuck Saletta – May 19, 2017 Your lifetime Social Security retirement benefit is expected to be about …
Helping Define Your Financial Future 