In my industry there’s often talk of a “magic number.” It’s the amount of money you need to have saved and invested in order to retire the way you want. But as we know, magic isn’t real. What is real though is the fact that many people don’t retire the way they want (or at …
Our leaders in Washington, D.C., are rather enamored with the unemployment rate. As it hovers around 5 percent, the political class celebrates. But there are millions of Americans who feel otherwise. While Washington touts the quantity of jobs, much of America is fed up with the low-quality, low-paying jobs that are fueling our “comeback.” The April …
According to a Federal Reserve report, 47 percent of Americans wouldn’t be able to cover an unexpected $400 expense without borrowing money or selling something they own! That saddens me as a financial planning professional. It also scares me as an American because nearly half the country is living life on a very fine financial line. …
Not many people will deny that this current presidential election cycle is wilder than most. And I’m not just talking about the number of candidates and their varied backgrounds, but also about the violence unfolding at rallies around the country. To say there’s unrest is an understatement. But why is it happening? While I’m borrowing the …
The Department of Labor recently reported that more Americans are working past age 65 than at any point since the agency started tracking worker longevity. The trend started to pick up in the 1990′s, and as the graph below from the Bureau of Labor Statistics illustrates, it’s stronger than ever. In many ways, it makes …
Why are Americans Working Longer than Ever Before? Read More »
In football we see quarterbacks regularly audible, or change the original play, when they think the original idea won’t work. Those who do it often, like Peyton Manning, are often praised for their intelligence because they recognize a flaw and adjust. Too bad economic policy isn’t football, because maybe then the Fed’s regular interest rate …
This post’s title might make you think I’m losing my sanity or living in a fantasy world. I assure you, I’m not. ZIRP and NIRP aren’t imaginary goblins, though they can be scary. They’re monetary policies, and they’re in effect around the world. A ZIRP, or Zero Interest Rate Policy, is an aggressive policy aimed at stimulating …
A November 2015 survey on investment performance and risk revealed that many of us hold misguided or even wholly incorrect views on investing. TIAA-CREF’s survey included 1,000 investors and highlighted three glaring misconceptions: Focus on the short-term When choosing investments, 47 percent of respondents said the one-year return was their key decision criterion. Even more people (52 …
The long-practiced strategy of generating retirement income from U.S. Treasury investments (i.e., bonds) is in danger of being reduced to irrelevance because of the Fed’s low rate policies. A recent study shows that retirees now need more than $1 million in retirement savings to get half their income from low-risk Treasury investments. Back in the 1990′s, it …
It finally happened – the Fed raised rates. The overdue move is an official sign of economic recovery. It’s also a sign that the Fed is tightening its belt (despite commanding a multi-trillion dollar portfolio). In its pledge to maintain accommodative economic conditions, the Fed proved less dove-ish, but not quite hawkish. The zero-percent policy of the …
Andrew Wood, Dan Simon, and Alison Slezak are investment advisory representatives of and provides advisory services through CoreCap Advisors, LLC. Dan White & Associates, LLC and CoreCap Advisors, LLC are separate and unaffiliated entities. Logos as displayed herein are not intended to imply any endorsement by the owners of such logos of Dan White & Associates.
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