“Sequence of events risk” refers to how markets perform after dollars are invested. The reason why it’s significant is because when a person retires may determine whether their plan is ultimately successful. Unfortunately, you can’t preplan a sequence of events as it relates to investment performance.
If you’re of a certain age, you may recall the famous song by the legendary songwriter Burt Bacharach, titled: “Make it Easy on Yourself.” This isn’t about breaking up (“which is so hard to do”) but about assuming your Social Security number has been hacked. Because there have been so many large-scale hacks, you should assume your Social Security number is on the dark web and available for sale or use by criminals.
The more people I speak to, the more people I find who don’t fully understand the concept of independent living. Considering how much independent living communities spend on advertising, I’m surprised how little is known about their benefits and programs.
If you think you’re the only one whose mood changes if your presidential candidate wins or loses, think again.
We often refer to bonds as the relatively safer side of portfolios. We use bonds in portfolios for many reasons, including reducing volatility (bonds typically do not have the same volatility as stocks), providing income (bonds typically provide more interest income than the dividends provided by equities), and as a reservoir for cash (it is relatively simple to sell short-term bond funds to satisfy both short-term and unexpected cash needs).
As America’s population ages, we’ll likely see more articles about aging in place. Aging in place should be viewed as a dynamic concept, potentially entailing multiple modifications to allow for safe living as physical abilities change.
A collection of good planning and investment points we thought worth passing along...
Cognitive loss in seniors is a very sensitive topic. Not only is it sensitive to discuss with a senior, but it’s even more sensitive for seniors to discuss amongst themselves. Thus, a New York Times article titled “Alzheimer’s Takes a Financial Toll Long Before Diagnosis, Study Finds” was especially eye-catching.
I’m diligent about reading credit card bills. Once per month, I’ll review the statement and confirm the charges. While checking credit card bills seems obvious, when was the last time you looked at your phone bill? Or your cable bill? How about your monthly subscriptions?
Many baby boomers plan on leaving a lot of money to their children. On the other hand, many millennials will receive a lot less than they think when their baby boomer parents die. It sounds like we have a communication problem.