June 30, 2019

It’s possible you may have heard the term inverted yield curve by reading about it in a financial publication¹ or while aimlessly surfing through the 500 channels offered by your cable provider.

Source: Direxion Funds

June 30, 2019

• THERE HAVE BEEN A DOZEN TUMBLES – During the index’s bull run that started on 3/190/09, the S&P 500 has withstood 12 drops of at least 5%, including 6 drops of at least 10% and 3 drops of at least 15% (source: BTN Research).

• AGING POPULATION – Between 1950 and 2018, the US population doubled from 159.1 million to 332.8 million while the number of Americans at least age 65 quadrupled from 12.8 million to 52.4 million (source: Social Security 2019 Trustees Report).

May 15, 2019

Consumer Reports asked etiquette experts—Diane Gottsman and Julia Esteve Boyd—to recommend which service providers to tip, and the amount.  These suggested tips represent their combined recommendation, summarized in the graphic below.

May 15, 2019

It’s always a bit of a Deja vu moment for me when I wind up in a situation where I have to give myself the same advice I give to clients. When I speak to clients, I often say the words: “I understand,” though I may have never had that particular experience. It’s an attempt at empathy; acknowledging that I realize you’re in the process of making a difficult decision. 

May 15, 2019

Many investors aren’t aware of the concept of fee-only financial planning, so we’re sending along the article below from Financial Planning Magazine¹ because it’s the best one we’ve seen written on the subject in years.

Written by Bob Veres, a well-respected industry observer for decades, it’s clearly sarcastic in tone. It’s intent, however, is to point out the players in the personal finance marketplace and the incentives behind their compensation.

May 15, 2019

If you’re in your late 30’s or 40’s, you might find it nonsensical to think about where you might live in retirement. After reading about Beth and Chuck, you may want to rethink your position.

At first glance, one might find a 15-year journey to find the perfect place to retire a bit excessive. But is it?

Source: Direxion Funds

May 15, 2019

• FUTURE PLANS - 48% of households in America headed by individuals at least age 55 have no retirement savings, 26% have a defined contribution (DC) plan (e.g., 401(k) or IRA) but no defined benefit (DB) pension plan, and the remaining 26% have both a DC and a DB plan (source: Government Accountability Office).

• PREPARE FOR IT - A 65-year old American couple has a 48% chance that at least one of them will live to age 90, i.e., at least a 25-year life expectancy (source: Social Security Administration).

• END OF LIFE - 1 out of 3 Americans at least age 85 has Alzheimer’s (source: The Atlantic).

March 31, 2019

A recent phone call with an old friend led to a lengthy discussion on where to live in retirement. We touched all the bases: aging in place, independent living within a senior community, assisted living, and nursing care. The conversation paused, however, when I was asked the question: “How do you know when it’s time to go?”

March 31, 2019

By: John Zeltmann

Stan and I will both tell you we have one of the greatest jobs in the world. Helping people plan for their retirement while making financially sound decisions during their working years is an incredibly rewarding vocation. Daily, we get to help people figure out how to reduce tax bills, determine appropriate levels of life insurance, plan for college, and prudently grow their portfolios over time. Those are just some of the highlights.

When we have those types of conversations with the children of our clients, the rewards can be just as profound. 

March 31, 2019

JP Morgan’s 2019 Guide to Retirement includes a chart (see below) depicting levels of happiness and stress by age. For married Americans, happiness is lowest at age 46 and then continues to rise on an upward sloping curve all through the ‘golden’ years. (I wonder if it has anything to do with the kids’ finally going off to college.)