After the recent volatility in the market, I once again recall a few reasonable tips that help me maintain a long-term focus on investing. Tip Number 1 – First, although you may be watching the “financial” news or an “investing” expert on your local news, remember they are selling news first and foremost and […]
When meeting with clients to discuss saving for retirement, I often note that two of the most critical elements to building wealth for use in retirement are 1. starting early and 2. saving as much as possible. After all, the goal is to develop sources of income for use in retirement as a replacement for […]
I lived through Hurricane Katrina while running a small distribution business here in New Orleans. The business was flooded for 28 days and operations were extremely curtailed for months after. I share this with you because we benefitted from the fact that we had documented our business files and in this case properly backed-up those […]
Over the weekend, I read an article in the Wall Street Journal entitled “Grab the Pitchforks, Your 401(k) May Need To Ward Off Congress.” This article, by Jason Zweig, presents a genuinely disturbing scenario of our Government taking away a significant tax advantage of saving in 401(k) accounts, that could reduce an employee’s potential career […]
“’I think the genie is out of the bottle,’ Ms. Borzi [Phyllis Borzi, former Labor Department assistant secretary] said in an interview. ‘The market has already spoken. The best interest is what they are asking for and what consumers are now beginning to expect…’” The Wall Street Journal, February 6, 2017 Last Friday, President Trump […]
When is the last time you reviewed your 401(k) or retirement account? I’m not talking about opening your statement and taking a cursory glance at the balance. The beginning of the calendar year is a good time to do an annual review. Too many times, investors set the deferral rate and investments in their retirement […]
As I am sure you have heard by now, Bob Dylan was recently awarded the 2016 Nobel Prize in Literature and that the award has stirred much debate. In fact, to add to the controversy, the Swedish Academy that awards the prize, after many failed attempts, gave up trying to reach Dylan to notify him […]
These days, we can hardly pick up a newspaper and not find an article about retirement. Of course, the endless articles addressing the current election often camouflage these articles. Elections, especially Presidential elections, always make for meaty reporting, but I don’t have to tell you that this one seems to be over the top. However, […]
Have you ever bought a can of beans at the grocery store? It is pretty easy to do, right? You might be looking for baked beans or red beans, but all you have to do is look for the type you want, check the price and grab the can off the shelf. Wouldn’t it be […]
