Regular readers know that I expect the economy to slip into recession within the next 12 months. This is based on the expert analysis of veteran economists whom I trust. However, I’ve been thinking this for the last two years, and been proven wrong. It’s a reminder that none of us knows as much as …
retirement
Four truths about retirement
There are lots of ways to think about retirement, from excitement to dread to worry, to all of the above at various times. With my clients, I find it helpful to provide some wisdom that can guide their thinking as they approach this major life change. Here are four truths about retirement that I like …
How to avoid going broke in retirement
A big scary question for many folks is, will they have enough money in retirement? You might think that if everybody is worried about it, then somebody might come up with a solution. Well, they have . . . sort of. Maybe you have noticed the commercials for “lifetime income” popping up more often on …
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 …
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 …
Should I take Social Security at age 62?
As a CERTIFIED FINANCIAL PLANNER™ professional, I will tell you that deciding whether to take Social Security benefits early is a big decision. It’s important to get professional advice to be sure you make the correct call for you and your family. Since I’m in the financial advice business, it’s not a big surprise that I see …
