As our daily lives become more and more impacted by COVID-19, I started a running list of all the things that sprang to mind. As this Atlantic article suggests, we are fortunate to have significantly better medical technologies and resources than were available in 1918, the year of the “Spanish flu.” While the diseases are […]
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The World Health Organization reports (as of March 13, 2020) that there have been 132,758 cases of COVID-19, with 4,955 deaths. The virus has spread to 123 countries. It certainly looks scary, and it is scary for those directly affected. But consider: The United States Centers for Disease Control (CDC) estimates that so far this […]
The stock market has been quite volatile in the last month. There has been considerable investor uncertainty associated with the novel coronavirus and COVID-19. Historical perspective The chart shows the performance of the S&P 500, adjusted for inflation using the US Consumer Price Index (CPI) since the beginning of 1926 (when the Standard Statistics Company […]
It’s important to make an estate plan that protects your family if you die. Losing a loved one is hard enough without losing your standard of living too.
These days, families deal with parents and children aging together. What steps can you take to reduce the chances that either you or your parents will have to struggle financially during your retirement?
Why are Ponzi schemes so popular, both with fraudsters and with investors, and how can you avoid becoming a victim?
This article originally appeared in Forbes.com. You’re happy in your career. You’re earning enough for now and putting money away for later. You feel productive. You like working. When asked, you say you have no plans to retire until you’re at least 65. Surprise! Things happen. You could confront health challenges that affect you or […]
This article originally appeared on Forbes.com. God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference. -Reinhold Niebuhr I often see families who could benefit from more serenity in their financial lives. To illustrate this concept, I created a hypothetical […]
This article originally appeared on Forbes.com. On November 1, the IRS announced cost of living increases to IRA and employer plan contribution limits for 2019. The IRA annual limit increased from $5,500 to $6,000; the employer plan limit (applicable to 401(k)s, 403(b)s, most 457 plans and the Federal Government’s Thrift Savings Plan or TSP) increased […]
Who’s afraid of the inverted yield curve? The financial press has been worrying about the yield curve recently. The yield curve is “flattening,” and that flattening “raises a warning flag.” If you read the articles, you’ll see that the authors are most concerned about the possibility that the yield curve may become “inverted.” This raises […]