Time is our most precious resource and I thank you for allowing me to get a few minutes of your time each week. I hope you find the blog helpful and informative. Send me an email if there is ever a topic you would be interested in learning more about. I will research it and write a future blog about it.
Are you certain that your retirement income today will buy your favorite box of cereal 30 years from now?
In the age of the 24 hour news cycle it's easy to lose sight of things that matter because we're often distracted by things that don't. When it comes to retirement, chasing performance or beating an index does not guarantee a successful retirement outcome. Only planning can do that.
Retirement has two doors. One leads to a chance of success. One leads to certain failure.
The long answer is stock prices are the world's way of appraising the value of the company in which they own stock. The most consistent and reliable signals of a companies value are the level and trends of it's earnings over time.
There are obvious benefits for every person to have an identity in life. By knowing your identity you are not only able to accomplish your goals, but you also have a sense of wholeness. This remains true during your retirement years when your career is no longer your identity. By knowing who you are and what you want to accomplish in life, you'll gain a sense of confidence and pride and your life will be more meaningful and fulfilled. Let's discuss a few ways to discover your new identity in retirement.
It’s 2021 and interest rates are at historic lows. This means your NRECA R&S Lump Sum Pension Amounts are at all time highs. This means if you have thought about retiring from your cooperative this could be the year to do it. However, you are running out of time!
The secret to investing is complex. There is no silver bullet, there is no pill to take, there is no hot new stock, etc. Everyday we are bombarded by advertisers trying to sell us quick fixes to complex problems.
A nonsmoking couple of average retirement age, which is 62, has a joint life expectancy today of 30 years. That means there is a good chance one of you is living to age 92 and will be in retirement for 30 years.
At 80/20 Financial Services, our mission is to increase your time, money and peace of mind by helping you create a retirement income and investment plan that aligns with your goals and guide you through the completion of that plan year after year.
It seems that whatever I read, watch or listen to these days gets interrupted by a former celebrity telling me I need to buy gold because of (insert whatever manufactured crisis you want here). If I'm seeing this constantly then some of you are as well. So...let's talk about gold as an investment.
The three most common business structures that use the terms are Insurance Companies, Broker Dealers and Registered Investment Advisers. All three are very different in how they run their business and each will specialize in different areas.
Do you know how much money it's going to take for you to retire from your cooperative comfortably?
Did you know that the S&P 500 Index Mutual Fund available to you through your NRECA 401k options has historically averaged a return of approximately 10 percent? Did you know over that same period of time the average cooperative employee in the 401k plan has averaged a return of only 3.9 percent?
I've seen cooperative employees work for 20-40 years to reach retirement and then quickly settle for the monthly pension annuity option or the lump sum option without actually having a plan to determine if they were making the right choice.
When should you take Social Security? Should you start at age 62 or wait until your full retirement age?
I'm a financial advisor that specializes in retirement planning. My job is to align peoples investments with their goals in retirement. What I do isn't sexy and doesn't make the news but it works and it has for well over 100 years.
"The majority, if not all, of financial input you get from the "news" is journalistic. And journalism by nature, stays in business by selling you the news which is timely, as opposed to the truth, which is timeless." Nick Murray
Happy New Year! It's that time of year when many of us resolve to change things for the coming year. We make a list of goals that we plan to stick to for the remainder of the following year. That’s great. What's not great is that the overwhelming majority of us don't stick to those goals. I can't actually prove why but my theory is that most of us have goals that create deprivation. Meaning our goal includes depriving ourselves of something we really like doing.
In short, Robinhood is an online trading platform that allows its customers to buy and sell stocks for free. They target rookie and novice investors by using gamification and of course everyone's favorite word...free. But is it really free? Let's break it down.
Thinking about retiring soon? Trying to decide when or if you'll have enough money? Here's a quick financial tip that you can use right this minute. It's called the Rule of 72.
