For investors, the answer is always stocks. The only question, is, which stocks. As the major U.S. stock indices head into a Bear market, professional money managers are telling their clients that the problem with their portfolio is they now have the wrong stocks. Stocks are not always the best answer for most investors, as … Read more
Your home — and even maybe your vacation home — can be a large share of your worth. When it comes to calculating the size of your retirement nest egg, the value of your property may be no yolk. (OK, that was a bad pun.) As workers near retirement age, they tend to view all … Read more
Just a few weeks ago, thousands of proud Kern County families watched their students walk across auditorium stages and into exciting lives as college students. Those were proud moments. But now, reality has set in. How are those college educations going to be financed? For the top of the class and financially needy, there will … Read more
A new study from Merrill Lynch and Age Wave concludes our retirements are the most expensive “purchases” we will make in our lifetimes. It is 2 ½ times more expensive than the average cost of a new home, nine times the cost of a college education and nearly three times more than the cost of … Read more
The “hot” employee benefit for 2017 is financial wellness programs, according to surveys of the nation’s employers. These programs can focus on a variety of areas, including debt management, budgeting, financial planning, etc. A much-quoted survey by human resources consultant Aon Hewitt revealed 55 percent of companies already offer their employees some help in at … Read more
Kern Business Journal February 16, 2016 Once upon a time – not so long ago – Americans nearing their full retirement age of 66 walked with a bit of a swagger, as they anticipated using tactics that could expand their Social Security income by many tens of thousands of dollars. They planned to use strategies … Read more
The Bakersfield Californian January 2016 Many of my friends and I are celebrating our 40th birthdays. It’s a landmark birthday that calls for great parties. It is also the perfect time for us to check our retirement plans. When it comes to retirement saving, our 40s is a critical decade. It is when most of … Read more
Kern Business Journal December 2015 It’s a common problem prompting a common question: I have just been laid off. What should I do with my retirement money? During the layoff frenzy of the Great Recession of 2009, I was answering this question nearly every day until economic recovery kicked in and people returned to work. … Read more
Kern Business Journal October 2015 It’s not a question of “if.” Rather, it is a question of “when” will interest rates increase? Federal Reserve Board Chairwoman Janet Yellen has held firm to her promise to keep interest rates at an historic low – basically zero since 2008 – until the U.S. economy shows real signs … Read more
The Bakersfield Californian October 8, 2015 My clients, who I will call Keith and Sue, retired a few years ago. Keith worked for a government agency and Sue owned a bookkeeping business. They had one son, Robert, who is an orthopedic surgeon in Southern California. Keith and Sue worked hard and saved their money. They … Read more