When seniors make the decision to move into a senior community, they do so with the hope and expectation that they have made the right choice. Select the wrong community, and the golden years may feel somewhat less than golden. Over the past year or so, John and I have spoken with a few clients who are considering a move to senior housing for themselves or a family member. Based on my personal experience dealing with my own family members, along with lessons passed on to us by clients who have gone through this journey, I am now in a position to share some of what we’ve learned.
Should we invest in the Magnificent 7? How much should we have in emergency cash? Answers to these questions and more, just a simple click away.
It’s the rare investor who doesn’t want to flee to safety during extreme market upheaval, and it’s difficult to argue with their reasoning: (a) retaining as much of their remaining assets as possible, and (b) retaining the ability to jump back into the markets when they stabilize. Unfortunately, however, fleeing the market and then returning at some ‘safer’ future date are the hallmarks of market timing.
Occasionally, a client will read an article and raise the issue of annuities, especially if they read that they’re safer than the stock market. Or have guaranteed returns. The subject of annuities, however, is somewhat complex, so I’ll try to keep it simple while answering the real question: Should you consider one?
Over the years, many clients have shared the challenges they’ve faced after being laid off later in life. One by one, they came to realize that it’s a lot tougher to land a job in their 50s than it was when they were younger.
Raise your hand if you remember the “Is it live, or is it Memorex?” commercial? Change a few words, and that’s how you should consider emails you receive that ask you to enter personal information: Is it real, or is it a scam?
Now that I’m semi-retired, I’m on the prowl for rewarding activities to fill gaps of time in my days. Where can I contribute skills I’ve acquired over the years? Who wants to hear from this (gently) aging genius?
JP Morgan has released its latest stack of fascinating charts reflecting the current state of the economy and the stock market. We thought we'd share a few of our favorites.
Occasionally, we receive questions from clients about cryptocurrency. Clients either want to own some or ask if it should be included in their portfolio. We’re very consistent in our response, so we’ll share our thinking on the subject.
Admittedly, this has been a tumultuous year for investors. And when I say investors, I’m referring to anyone who invests hard-earned money into the stock market. Or the bond market. Or any other market you can name. But if we’re going to be honest with each other, what year hasn’t felt like a tumultuous year to be an investor?