For families contemplating retirement, the prospect of moving on to a new stage of life may feel even more uncertain than ever in light of the pressures and uncertainties brought on by the coronavirus. As advisors, we’ve come across two very common questions over the last few months from soon-to-be retirees:
One question that seems to be popping a lot is “Why aren’t stocks down more?” After all, we’re in the midst of what I hope will be the worst economic calamity of this generation and equity losses are only moderate as we sit here today.
It’s honestly pretty weird to have a market crash that has such a simple explanation. An uncontained viral outbreak is endangering public health and disrupting economic activity. That’s the whole breakdown. It’s one sentence. It would take me 5,000 words to explain the financial crisis from last decade and, even then, you’d have a list […]
I wanted to follow up on our post from last week that aimed to put the market impact of Coronavirus in perspective. In that post, I talked about how markets and investors have reacted to different recent health crises in the past. Since then, I’ve come across a few resources that I think help put […]
You may have already heard, but Coronavirus is sweeping the globe. As of Monday, according to the World Health Organization, there have been just under 80,000 confirmed cases of COVID-19 (approximately 77,000 of which are in China) and around 2,500 deaths attributed to the virus. Airlines are canceling flights, the US is issuing travel advisories, […]
A New Year (a new decade) is an opportunity to get things in order and make improvements. Every article published this week and last is a list of things to do to start the new year off right. Personally, I’ve already read more than I can count, so, I’ll keep this brief. Two financial and […]
In our world, a great deal of time is spent having discussions over the proper ways to perform estate planning tasks. This can be as simple as establishing wills and beneficiary designations or can involve a network of specialized trusts to ensure your wishes are carried out after you pass away.
Fee transparency has been a hot-button issue in the financial advising community over the past few years. High profile stories of unsavory compensation practices have appeared in national publications heralding extra scrutiny into just how financial advisors can be paid.
Starting in December 2016, the U.S. Federal Reserve (the Fed) had been gradually increasing interest rates (specifically, the federal funds rate), until it reached a high two years later in December last year of 2.25–2.50%. As of last month, that changed: The Fed lowered interest rates by 0.25%. This move was the first rate decrease […]
Albert Einstein was said to have described compound interest as “the eighth wonder of the world” and that it is “the most powerful force in the universe”. High praise from one of history’s greatest scientists about an elementary-level concept of finance. I mean, he’s right. Warren Buffet, widely regarded as one of the greatest investors […]