Have you ever heard someone say that they know exactly where the stock market is going in the future? It might sound tempting to believe, but the truth is that no one can accurately predict the future of the stock market. Read More
Picking the Winning Team in the Super Bowl Doesn’t Make You a Good Investor
As we approach the Super Bowl, many of us are excited about the big game and might even place bets on your favorite team. However, it’s important to understand that just because you can pick the winning team in the Super Bowl, it doesn’t mean AT ALL that you are a good investor. Read More
The Art World and Your Retirement
Using art as a retirement plan might seem like a good idea, but there are some major drawbacks that you should be aware of before making this decision. Read More
How Secure 2.0 Changes Your RMD
The Secure Act 2.0 was signed into law on December 29, 2022 bringing some major changes when it comes to retirement planning. Among the most notable is a change to Required Minimum Distributions (RMD). The new law builds on earlier legislation that allows retirees to delay required minimum distributions (RMDs) until a later age. This can be a significant benefit for retirees who don’t need the income from their retirement accounts and want to keep their savings invested for as long as possible. Read More
The BIGGEST (often ignored) Risk to Your Retirement
Retirement is a time when many people look forward to leaving the workforce and enjoying what should be the most enjoyable phase of your life.
There are many risks when it comes to investing and preparing for retirement. However, there is one threat that is often ignored which has a HUGE impact on the success and reliability of your retirement. The government can impact your retirement negatively. Here are a few examples: Read More
Understanding Needs vs. Wants
Is it a need or a want?
When it comes to personal finance decisions and planning for retirement, it is important to differentiate between needs and wants. While both are important factors to consider, understanding the difference between the two can help you make more informed and strategic decisions about your financial future. Read More
Is Real Estate A Good Investment for Retirement
So if you’re considering investing in real estate, you should know the benefits (and the downfalls).
Including real estate in your investing portfolio adds diversity to reduce your overall investment risk. And there are many ways to achieve this. Some options may be buying real estate investment trusts (REITs). Others, may be more active like buying and holding rental properties for cash flow and capital appreciation. This type require active involvement and a fair amount of knowledge to be successful.
Here are the advantages of real estate investing; Read More
Money Can Buy Happiness
Money solves many of lives problems. (Maybe not ANY problem, but it can solve A LOT of problems. Read More
Stop ESG Investing
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
Are You Considering Delaying Retirement
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?
