If you are saving for retirement (or retired) it is in your best interest to get as much out of your investments in the stock market as possible. You should always eliminate political virtue signalling from your investment decision-making.
ESG stands for Environmental, Social and Governance. The strategy means investing in companies that score high on these factors as determined by a (usually biased) third-party company or group. The assumption is that the better a company’s ESG score is, the better their overall performance.
ESG investing sounds great. It also makes you feel good about the investments you make and should help you sleep better at night. But it may not be all that it seems, especially for investors who don’t fully understand what it is and how it works. Read More
Have you been thinking about delaying retirement?
If so, you’re not alone. According to a recent survey of American workers, more than half of those surveyed said they plan on working past the age of 65. But why?
- Is it because people are getting living longer?
- Do you need to work longer to save up enough money to retire?
- Is it that rapid inflation means retirement is going to cost more?
- Are just plain scared of what happens when you stop working?
There is a retirement income “rule of thumb” that states that once you retire you can basically invest in the market and pull 4% a year, adjust it for inflation every year and you will never run out of money. Read More
The most important objective of your retirement plan is to create reliable income for you and your spouse. For that reason, you need to tap into financial resources that will produce income, in a secure and consistent manner. Read More
We are now officially into a full-fledged recession based on the data from the last two quarters. So welcome to Recession 2022 – The New Economy.
For the last few months, we have participated in several forums and conferences speaking about recessions and its effect on markets, your finances, retirement, and the opportunities that investors may have. Read More
The answer is “YES”, although the circumstances have to be extraordinary. Globally, only a few markets have gone to zero. The largest was Russia in 1917 and China in 1949. While other markets have collapsed, they have subsequently recovered. Read More
What’s the best way to invest in your future?
Life insurance is an investment…in more ways than one.
For all its benefits, only 54% of Americans have some form of life insurance, which means there’s a pretty good chance that you’re one of the millions of adults without this vital form of coverage.
Perhaps you think you can’t afford it. Or you’re overwhelmed by all the options in the marketplace. Maybe you simply don’t like thinking about your own mortality.
However, I think more people should review life insurance as part of their overall retirement and family planning. Read More
Retirement should last the rest of your life.
Here are some tips on how to stay retired.
If you were to ask soon-to-be-retired Americans what they plan to do during their retirement, you’d probably get a huge range of answers: see the grandkids, travel, start a new hobby.
But if you were to ask those same people how long they would like retirement to last, you would likely get the same answer over and over again: “The rest of my life, of course!”
These are the Golden Years, and you want to spend them doing the things you enjoy at your own pace. After all, no one wants to retire and travel the world for 10 years…only to have to go back to work at the ripe old age of 75.
In short, you don’t just want to be retired, you want to stay retired! Read More
“Nothing is certain except death and taxes.” Benjamin Franklin was certainly right about a lot of things over his lifetime. And it absolutely feels like taxes are unavoidable, but are they really? Well, no! There are certain investment types that are completely tax-free.
While you probably shouldn’t be too concerned with dropping the amount of taxes you pay each year down to zero, understanding how your investments can impact your taxes and using that to your advantage is a great way to maximize your money. Read More
All the financial experts say debt is bad.
Should I pay off my mortgage as early as I can?
Sooner or later, every homeowner begins to dream about the day when they own their home free and clear. No more mortgage payments…extra money each month to invest…what’s not to love?
Even financial experts like Dave Ramsey are known for singing the praises of ridding yourself of any and all debt—including your mortgage.
Whether this is a realistic goal or not, it leaves many homeowners wondering, “Should I pay off my mortgage early?”
Unfortunately, there isn’t a simple yes or no answer, but I can (hopefully) put your mind at ease about getting out of debt. Read More