The three horsemen of the retirement apocalypse. Dramatic, yes. Accurate, yes. Scary, maybe. I consider the most significant risks to a healthy and well-planned retirement: Low-Interest Rates Inflation Healthcare Costs The 2nd quarter of 2021 was marked with expansive growth in both GDP and, more importantly, inflation. As communicated in the Quarterly Economic Update, “According Read the full article…
Many times, I sit down and write these letters with a clear understanding of what items I want to cover because they are newsworthy or something remarkable has happened. This is not one of those times. Compared to last year at this time, this letter would be about as boring as they get. No massive Read the full article…
COVID-19 vaccine prospects should make 2021 a year of Global Economic Recovery. As I sit here in my home office in early January, thinking about topics to add to this 2020 review and quarterly letter, my monitor is a constant reminder of how our world has changed, as I would normally be writing this letter Read the full article…
Happy campaign season! I hope everyone is as tired of political ads as I am, and if you are not, good news, there’s one more week! I rarely and with good reason, discuss politics in these letters. However, I recently wrote a piece comparing the two tax plans from the major presidential nominees and the Read the full article…
This last quarter saw violent fluctuations in the capital markets, which have shaken the very core of retail investing for private clients as well as created massive stimulus actions by the federal government. Good thing we didn’t have anything else going on at the time! Oh, wait. COVID-19 has blanketed our country for a second Read the full article…
A computer programmer named David Cook started a company in Dallas, Texas in 1985. After two years, Cook sold the company Blockbuster for $18.5 million, missing one of the most impractical run-ups in history. By 1992, this once small retail shop was sold again for $8.4 billion. By the late 90s, Cook’s bright idea for Read the full article…
Some good reasons to retain it. Do you need a life insurance policy in retirement? One school of thought says no. The kids are grown, and the need to financially insulate the household against the loss of a breadwinner has passed. If you are thinking about dropping your coverage for either or both of those Read the full article…
What is cost basis? Stepped-up basis? How does the home sale tax exclusion work? At some point in our lives, we may inherit a home or another form of real property. In such instances, we need to understand some of the jargon involving inherited real estate. What does “cost basis” mean? What is a “step-up?” Read the full article…
