Performance calculations for a portfolio on a monthly statement can be very complex and over a 30-year retirement even totally meaningless. Remember as long-term goal-focused investors, we don’t chase performance, we chase outcomes. If your portfolio is up 25% this month or year congratulations! But will that matter in 15 years if you run out of money??? Retirement is a marathon, not a sprint.
Every single day each one of us is inundated and sometimes overwhelmed by the tsunami of noise from the 24 hour "news" cycle. Much of it centers around timing of the market and the perfect selection of funds. The "experts" say things like "Big correction coming soon!" or "Here's the three next big technology stocks to jumpstart your portfolio!" and "Inflation is coming, buy gold now!" on and on and on.
Every night in the news or in any news article we read we hear about the government spending trillions of dollars on some new bill that's going to change the world. As our national debt snowballs it makes one wonder, will it affect your investments at some point?
I created this list as an education piece for any electric cooperative employee to use as they interview different financial advisors. My goal isn't that everyone who visits my site decides to work with me. My goal is to help you make an educated decision as you work through this process. If you are retiring soon or just exploring a relationship with a financial advisor, be sure to ask these 11 questions during the interview process. And interview at least three advisors. That should give you a good idea of whom you want to work with and why.
So you are closing in on retirement, and you are faced with a difficult choice regarding your defined-benefit pension plan: Should you accept the traditional, lifetime monthly annuity payments or take the lump sum distribution?
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.
Do you know how much money it's going to take for you to retire from your cooperative comfortably?
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
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.
The Social Security Administration announced a 2021 Cost of Living Increase of 1.3% on Oct. 13, 2020. Whether you’re currently working or enjoying retirement, here’s how you may be affected.
Choosing an insurance policy that works best for you and your family is so important. When you shop around and find the correct one, it can not only benefit your health but save you money.
Stocks have been up — but unemployment has also risen. Why is that? Here, we break down the major differences between the stock market and the economy.
We’ve basically had a full blown bull market since the market bottom in March. The S&P has a positive 34% return in just two months. How does that make any sense at all? Unemployment is higher than any time since the Great Depression. The death toll from Covid-19 continues to climb slowly, and everybody still says that a vaccine is a year away at least. What gives? It seems like the market has become completely disconnected from reality.
Different people have unique life insurance needs, so it's important to know the details before buying. Learn more about whole-life versus term life insurance in order to make the right decision for you and your loved ones.
