1/5 of US adults live in or near poverty My Comments: Followers of my posts can recall numerous times over the past five years when I’ve talked about the growing divide between the haves and the have-nots. If not corrected, there’s going to be rioting in the streets before my five year old grandson reaches …
Tag: investments
How to Trump-proof Your Portfolio
My Comments: This is not intended as a political statement. However, clients are asking me whether there are likely to be economic consequences, and therefore an impact on their investment portfolios, if Donald Trump wins the Presidency. These comments appeared in The Financial Times and may or may not apply to you. Gillian Tett – …
How Much Stock Should You Have in Your Retirement Accounts?
My Comments: This question has been asked every years for the almost 30 years that I’ve called myself a financial professional. Unfortunately, there is no best answer. Human nature, in the form of doubts, confidence, expectations, past experience, impatience, timing and fear, all conspire to force our hand when attempting to make intelligent decisions. Good …
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7 Things That Will Soon Disappear Forever
My Comments: I try hard to worry only about the present and the future. Here are seven things I took for granted today that will soon be gone. Trying to bring these back, even if they hold good memories for us, will not be possible. I tell myself to get used to it, but it’s …
Five Truths Every Investor Needs to Know: #1
My Comments: This is the first of five “truths” that appear in a brochure published recently by Invesco, a global wealth management company with offices in over 20 countries, serving clients in more than 150 countries. As you consider your wealth, or lack of it, these ideas may serve to keep you grounded and making …
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Top 10 Phrases from Bank Lobbyists and their Translation
My Comments: On April 6, 2016, rules were introduced into the US financial system that will cause more of us to treat our clients better. At least that’s the plan. Wall Street firms have been resisting this change for years, and while the following Top 10 Reasons Why are tongue in cheek, there’s a whole …
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Ready to retire? Don’t rush your Social Security start date
My Comments: A major determinant for when you should start taking your Social Security benefits comes down to when you plan to die. If you plan to die soon, then start the payments as early as possible; if you plan to live to be 100, and have enough money now, then delay the start of …
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5 Ways To Avoid Retirement Rip-offs
My Comments: These five ways are not foolproof, but will at least give you pause for thought. In a couple of months, I’m starting a series of free workshops sponsored by the American Financial Education Alliance whose mission is to promote financial literacy across the United States. Check out their website if you are curious. …
How Retirement Advice Is About to Change
My Comments: Retirement planning is one of the principal tasks of my practice. In fact, I will soon start teaching a new course sponsored by the American Financial Education Alliance (AFEA) to promote financial literacy. I’ve created a Chapter of AFEA here in Alachua County with my target audience people between the age of 55 …
Donald Trump and Bernie Sanders Are Delusional on Trade Policy
My Comments: I recently posted about how ‘fair trade’ and ‘fair competition’ are two different sides of the same coin and that what we are missing from American exceptionalism is ‘fair competition’, thanks to Wall Street and Congress. This should make you think carefully about your upcoming votes. By Will Marshall and Ed Gerwin, April …
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Helping Define Your Financial Future 