Covid-19 has left many companies faced with the undesirable prospect of having to lay off many in its workforce. Although this can be financially devastating to younger workers with families, for those only a few years from retirement, it may do nothing more than speed up their plans. If you find yourself in a position […]
Retirement FAQ: Should I Hold Off On Investments Until After The Election?
FAQ: I’m near retirement and with the election right around the corner, shouldn’t I be very conservative until after the election is over? We have been fielding this one often lately, and understandably so. The 2020 election seems like none we have experienced in history. The rhetoric is far more partisan than it has ever […]
Collecting the Lump-Sum or the Annuity Payments: Which is Better?
Retirement should be filled with freedom, leisure, travel, and time with our loved ones. However, it can also be filled with angst if we don’t properly plan for potentially 30+ years of expenses without the income from a job. Most people only retire once, which means you have no experience doing it and once your […]
The Single Most Important Retirement Strategy
Saving and planning for your future can be daunting. There are so many aspects to our personal finances and each one of those facets has nuances that make understanding it all overwhelming. The good news is, planning for your retirement doesn’t have to be complicated and, at the risk of oversimplifying things, there is really […]
Retirement FAQ: Should You Buy Apple Stock After The Split?
FAQ: Is now the time to buy Apple stock since it split and is cheap? Answer: No. We are getting this one a lot lately. Apple and Tesla are both darlings of the tech world recently and both announced stock splits at the same time. There seem to be two fundamental problems with this question, […]
Retirement FAQ: Why is the Market Rebounding When COVID is Still a Risk?
FAQ: Why is the market going higher with Covid still such a big risk to the economy? Answer: This is a question that has perplexed many since mid-April. In an attempt to clearly explain, I will give you a short answer and a long answer. Short answer: The short-term moves of the market are extremely […]
3 Simple Moves To Put Thousands of Dollars in Your Pocket Right Now
Making money is hard. Saving money is hard. However, sometimes, there are simple, easy steps that can be taken that can put thousands of dollars in your pocket. Here are three techniques you can implement right now that can do just that for very little time or effort: Shop your insurances. I know this sounds […]
Retirement FAQ: How Much Should I Contribute To My 401k?
FAQ: I’m just starting my first job and my employer offers a 401k with a match. How much do you think I should contribute each paycheck? Answer: We are so glad to see that as a young person you are thinking about your future. The most important factor to successful retirement savings is time. Allowing […]
Retirement FAQ: Why Do Bonds Fluctuate in Value?
FAQ: Why do bonds, which are supposed to be safe, fluctuate in value? Answer: Certainly, this is a question that is often asked by those in retirement trying to protect what they have. Let’s discuss this in two ways, individual bonds and bond funds. Although both are essentially bonds, they have slightly different risk characteristics […]
Retirement FAQ: High Dividend Paying Stocks
FAQ: Now that I’m retired, what do you think if I invest in only high dividend stocks for the income they provide? Answer: This is a question we get from time to time that can be very concerning. Anytime investors put most or all of their investments in one asset class, they are setting themselves […]
