This is a true story of a couple that planned on launching into retirement with high hopes, only to find their dreams dashed. It’s a story of betrayal, self-sabotage, unconditional love and the amazing gift of forgiveness and redemption.
This is a true story of a couple that planned on launching into retirement with high hopes, only to find their dreams dashed. It’s a story of betrayal, self-sabotage, unconditional love and the amazing gift of forgiveness and redemption.
There’s not many people in the financial world that have earned as much acclaim and adoration as the founder of Vanguard, John Bogle. Like his good friend Warren Buffett, these two men exemplify radical humility in an industry loaded with oversized egos.
On The Road to Retirement... “If you don’t know where you’re going, any road will take you there.”
The refrain "If you don't know where you're going, any road will take you there" was essentially a paraphrase of an exchange between Alice and the Cheshire Cat in Chapter 6 of Lewis Carroll's Alice in Wonderland: "Would you tell me, please, which way I ought to go from here?"
These past couple months, and especially the past few weeks, have been particularly nerve racking for investors. With memories of the last stock market crash still etched into our collective psyches, it’s challenging, even for disciplined long-term investors, not to get caught up in the frenzy.
Here we go again…..up, down, up, down. If this stock market roller coaster ride has you feeling anxious, you’re not alone.
It’s been a so-so year for investors in 2015. Lots of volatility throughout the year with little upside performance to show for it. I believe the title of this recent article says it best: The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere
With the recent enhancements high frequency traders have made, volatility looks to be the ‘new normal’.
In 2014, the Ibbotson/Morningstar asset allocation models we use when constructing portfolios projected an estimated return of 7.2% for a 60% allocation to equities and a 40% allocation to fixed income. At our firm, this would be considered a moderate risk portfolio.
Now, heading into 2016, Ibbotson is projecting a 5.27% return for that same 60/40 asset allocation. For investors with 10+ years before retirement, while not good news, it’s not the end of the world as you’ll have time to course correct if needed.
The stock market is volatile. Your bills are skyrocketing. Getting a grip on your finances, however, goes beyond your checkbook. Take a good hard look at your relationship with money, and you’ll finally figure out how the two of you can start getting along.
If your retirement is 10-years away or sooner, you'll want to read, Get What’s Yours - The Secret To Maxing Out Your Social Security by Laurence Kotlikoff, Philip Moeller and Paul Solomon
One of the most overlooked elements of preparing for a successful retirement is deciding when to start drawing your Social Security. If you’re a married couple, the decision becomes even more complex.
Up until recently, the majority of people, usually by default, either started collecting Social Security at their full retirement age, early, at age 62, or waiting if possible until age 70. Simple on the surface right, three relatively easy choices.
Guess what. There are dozens of Social Security strategies that most people are unaware of. And remember, in the game of money, strategy is king.
Next week, your monthly investment statements will arrive via mail or email. And unless your portfolio has been invested 100% in Treasury Bonds, you’re going to see unrealized losses on your statement, as it’s been a terrible month/quarter in the stock market.
It’s often impossible to explain stock market volatility until long after the dust has settled. And these past couple weeks of volatility are no different.