As a professional retirement planner, I go through the process of retiring approximately 12 times a year with my clients. I see firsthand the process and hazards that families deal with as they shift from working for a living to living off their retirement. Here is a list of things to avoid as you consider …
Two reasons to make cash part of your financial portfolio
Regular readers of this space know that one of my favorite answers to financial planning questions is, “It depends.” And, of course, the answer to “How much cash is enough?” is “It depends.” Cash can be very helpful in a portfolio if: You hate volatility and wish your portfolio could have fewer sharp declines in …
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5 Characteristics That Will Get Us Through COVID-19
As I write this, the U.S. stock market is continuing the crazy swings we’ve been enduring during the COVID-19 pandemic. Although the market has continued sideways in May, we have just ended a historic market period. We had one of the worst months in market history in March. The U.S. stock market, as measured by …
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Recessions aren’t all bad. Here’s why.
On April 29, the Bureau of Economic Analysis released an advance estimate of U.S. economic growth in the first quarter of 2020. The estimate showed a decline of 4.8 percent for the quarter. Remember that this analysis is based on incomplete data and will be revised over time as more information is confirmed. And remember …
Reasons for optimism in today’s market climate
It continues to be crazy time in America. In Minnesota, we have a “stay at home” order in place. No school for the kids. No face-to-face meetings. No in-person church. Things are challenging. We still don’t know exactly how the Great Pandemic of 2020 will turn out. Our first priority is to defeat the COVID-19 …
Read this before you open your financial statements
Financial statements for the first quarter of 2020 are on the way, and because of all the recent market fluctuations you may be feeling nervous about having lower balances in your accounts. Remember, I promise to always place your interests first. I am proactively monitoring and adjusting your investments any time I think it will …
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