What Comes Next? – Part 1

In these times of knowing virtually NOTHING for sure… there are a handful of possible “What Comes Next” topics that can be covered:

  • What Comes Immediately Next with Coronavirus Closures & Re-openings?
  • What Comes Next in the World Markets?
  • What Comes Next in the US & World Economy?
  • What Comes Next Further Down the Line in General?
  • …When do we all get to go back to work, sports and Life?
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Let’s simply digest that fact for now: there will be immediate, serious change to the way we literally wake up, work, and conduct our lives. 

Continue reading “What Comes Next? – Part 1”

Free Advice Offer

In the spirit of helping as many people as possible get through these truly trying times, I am volunteering my services in the following way:

Do you know or have you noticed a friend, family member, someone at your work, church or a parent at your kid’s school struggling (perhaps financially or job-wise) during the coronavirus pandemic and the related market turmoil?

In the case that you have, I am offering to get on the phone or a video call with that person or people and start by listening to them. If appropriate, I volunteer (free of charge) to offer advice on the basics of financial planning. Continue reading “Free Advice Offer”

Portfolios & Mental Health

If anything has been important since mid-February 2020 it has been being mentally strong and resilient – or having friends and family who are mentally strong to lean on. Believe it or not, this has nearly always been the case with investing.

DISCLAIMER: THIS IS EASIER SAID THAN DONE!

A recent article in The Wall Street Journal alluded to the concepts of mental strength, resilience – and process – amidst the coronavirus.

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Investing is a long-term process and TRUST in your adviser is paramount – and something for which to be grateful.

Continue reading “Portfolios & Mental Health”

Tax Time Groundhog Day

Now that the calendar has turned from April to May there will be in effect a “Tax Time Groundhog Day” on July 15th, which is the new 2019 Federal (and most States*) filing deadline for 2019 taxes.

A number of people reading this note may already have signed and filed their 2019 tax returns^ in order to turn the page and move on to 2020 spending, budgeting and saving. However, if you are in the camp that is stretching out your 2019 filing until the July 15th date, then consider a few last-minute items:

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Call me with questions or curiosities related to temporary changes related to 401k plans, IRAs and RMDs.

Continue reading “Tax Time Groundhog Day”

“Hanging In There” in Tough Markets

How many times in the past going on 10 weeks has someone said to you, “Hang in there”? How many times have YOU perhaps said to someone you care about, “Hang in there”?

Hanging in there is often all we can do – and a brave thing to do at that. When it comes to tough markets like the ones we are currently experiencing, “hanging in there” translates to discipline in the midst of bravery. Discipline and bravery are two of the ultimate challenges in life.

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Continue reading ““Hanging In There” in Tough Markets”

Is This Time Different?

Originally titled, “Practical Suggestions, part 2” this edition of TGIF 2 Minutes covers a topic more related to “Is This Time Different?”

Related to a specific situation or event, most everyone has heard the bold acclamation, “This time is different!” Then, there are those who firmly believe that times are NEVER different… and that time simply repeats itself but with different nuances.

Looking at today, who is correct? The past 12 years are evidence of BOTH.

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In saving for or in retirement, it has never been more important to have a mix of a comfortable amount of safe cash plus a well-designed portfolio.

Continue reading “Is This Time Different?”

A Warm Up For Retirement

Retirement? What do you mean, Retirement?! That is in the waaay distant future, you may say.

Well the lock down, shelter in place, husbands and wives/girlfriends and boyfriends/parents and kids working from home TOGETHER is just that: a warm-up for retirement. Or a forced “retirement together” for those already retired.

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Retirement – or being one-on-one 24/7 with the same person or people – is not as easy as it looks!

Continue reading “A Warm Up For Retirement”

A Couple of Practical Suggestions

Very short note today as we do our best to stay strong amidst the Coronavirus crisis.

In talking to clients, friends, neighbors, and “kids” of all ages, the questions come down to, “Is there anything financially proactive we can be doing at this time?”

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In talking to clients, friends, neighbors, and “kids” of all ages, the questions come down to, “Is there anything financially proactive we can be doing at this time?”

Continue reading “A Couple of Practical Suggestions”

Jobs Amidst An Economic Slowdown

As we continue to watch both from the sidelines and the interior of the Coronavirus tragedy, there exist lessons learned and lessons yet to be learned. Mistakes made past and present. But in looking at history and researching the aftermath of past global tragedies there is evidence of subsequent innovations along with lucky breaks that surpass the imagination.

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Let’s not forget the warehouse workers and truck drivers of America that keep all of the essential food and consumables in our homes and on our tables.

Continue reading “Jobs Amidst An Economic Slowdown”

Weekend Edition – Markets’ Response to Crisis

As we all “shelter in place” and our kids are in “cyber school” we take in news both of the day and of the bigger picture. Here are several personal financial-related cautionary thoughts and a quick graphic (see below). People way smarter than I say that data is key to decision-making and the ability to stick with a plan in crisis situations.

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Continue reading “Weekend Edition – Markets’ Response to Crisis”