When it comes to investing, the current standard of return on investment (ROI) can be self-limiting, adding pressure that is counterproductive. So much of ROI is not within our control. We can diversify investments––always a good strategy––but we cannot control how the markets perform or how global events affect the markets. Just as meteorologists can… Read more »
While annuities can be an integral part of a financial plan, if misused, they can have unexpected consequences. For those unfamiliar with how annuities work, you are giving the insurance company your money in return for an income stream, typically for the rest of your life. In the event you die, the insurance company may keep… Read more »
Whether you’ve been told you should retire at 62, 65, or some other age, only you can decide what is right for you. In fact, you may want to reconsider retiring at all––at least in the traditional sense. Many of us don’t like the circumstances we find ourselves in––and look at retirement as the… Read more »
Update: Congress reached a deal in early October to raise the debt ceiling through December. While this action avoided the first-ever default of U.S. debt, it merely kicked the can down the road. Democrats and Republicans remain very far apart on a longer-term solution. The U.S. faced a debt ceiling crisis very similar to… Read more »
During a conversation with a client last week, she mentioned her latest project, adding a “legacy letter” to her estate plan. A “legacy letter”, or an “ethical will”, is a document created to communicate your values, experiences and accumulated wisdom to your family. While it’s not a legal document, and shouldn’t instruct any distribution of… Read more »
The S&P 500 is currently sitting at a new all-time high. The index is up more than 20% this year, after gains of 18% and 31% the last two years. Not bad. We haven’t even had a correction of more than 5% since last November. It’s never been a better (or easier) time to be… Read more »
As explained in Morgan Housel’s book, “The Psychology of Money,” the most important word in building personal wealth is having “enough.” Being content with your standard of living allows you to focus on how you want to spend your time, rather than chasing more dollars. Having “enough” doesn’t mean you don’t have aspirations. It creates… Read more »
WKBW’s Ali Touhey interviewed Tony Ogorek concerning what the rise in job resignations could mean for the economy and how the pandemic has created a shift in what a work day should look like. Read the full article
Often times our identity is so tangled up in what we do for a living that it’s difficult to imagine doing anything else. While some retirees may enjoy an empty schedule, you may be worried that you will fall into a trap of never ending boredom. What does my ideal week look like? … Read more »
