I got asked about the coming recession at the soccer field this weekend. For people in the real world like my clients and the parents of my son’s soccer team, the economy is not an important topic unless they lose their job or if nobody calls for take-out from the restaurant they own. But recently there’s been …
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Smart investing during a recession
It was 40 years ago last week that BusinessWeek magazine proclaimed the end of stock investments. Stock markets have gone up and gone down since then. But mostly up. S&P 500 closed at 42 on Aug. 13, 1979 2,926.32 on Aug. 13, 2019 Stock dividends are up: $6 in 1979 $56 in 2019 Inflation has raised prices …
Wondering how much you need to retire? These questions can help.
For most families, saving for retirement is their largest financial goal. It’s become part of the American dream to quit working and just have fun someday. However, as we wind down the second decade of the 21st century, it’s getting harder to actually accomplish. Decline of pensions The idea a company pension for retirement in …
Wondering how much you need to retire? These questions can help.Read More
How will a trade war affect the U.S. economy?
The current market volatility is distressing. Any time we see the markets fall by more than 3 percent in a single day, it can be pretty unpleasant. But the news isn’t uniformly bad. A few things to note: Volatility is always part of the “top-of-market” behavior we see in this phase of the market cycle. Remember, the …
When should I take Social Security?
Data shows that a majority of Americans are losing thousands of dollars each year because they chose to start taking Social Security at the wrong time. One national study shows that retirees as a group will lose $3.4 trillion in income they could have received over their lifetime because they start taking Social Security the …
5 places to get retirement income
For many families, the entire point of saving for retirement is to create an “income engine” that produces income to pay for life in retirement after the wages stop. But creating that engine can be tricky because of how hard it is to answer the following questions: How long will you need the money? How …