Financial planning is about thinking ahead, prudently planning for the future. With that in mind, it’s only natural that from time to time you might ask the question: “What happens when my financial planner retires?” Or you might as the question: “What happens if my financial planner gets hit by a bus?” What should I …
Financial Advice
Have I saved enough for retirement?
Many people wonder if they are at risk to outlive their money. Nobody likes the idea of running out of money in old age. Based on 91 years of market history and some reasonable assumptions, if you have been doing a good job of saving for retirement, you should be fine. Reasonable assumptions for investors …
What About This Trade War?
On July 5 the Trump administration placed tariffs on $34 billion of Chinese imports . Then on July 10 it placed an additional $200 billion of tariffs on Chinese goods, from clothes to refrigerators. How large tariffs could affect the market Here are a few topics to help put things in perspective. For more details …
How Long Will Retirement Savings Last?
If you are 56 today, you will likely live to age 86, according to the Social Security Administration life expectancy calculator. That is an average, so half my readers will live longer than age 86. How can you be sure that you have enough saved at retirement to last as long as you do? It’s a …
What Should I Look for in a Financial Planner?
So your youngest kid just graduated from college. You just realized you have 30 years of work history. You found a notebook from your first year at work and you notice a goal you wrote down: “Retire by age 50.” This year you will celebrate your 55th birthday. You’ve been saving into the 401(k) at …
Protect Yourself Against the Coming Market Decline
Twelve things you can’t control about the next market decline, and 13 things you can control. As we near the half-way mark of the year, the MSCI world stock index is up about 1 percent for the year. So far, not a great year for your 401(k). Is it the end of the bull market? The beginning …
