Inflation Revisited

This edition of TGIF 2 Minutes originally ran on February 16, 2018 just after the (now) temporary 12% decline in the Dow Jones, which ended as a 6% decline for the month.

Typically, I do not get too far “into the weeds” of technical terms in my TGIF 2 Minutes messages. However – this has not been a typical last two weeks in the markets – at least not “typical” as defined by the past several years of gradually UP markets (and portfolios) month after month. Thus, a short walk into the weeds to talk a little about inflation is warranted – and may shed light on the volatility we have experienced lately with more likely to come over the next months and year or so.

Falcon Heavy 2-5
Photo by Jared Haworth, http://www.wehadtoday.com/jared

See this visual of a rocket launch* – and not just any rocket launch, the Falcon Heavy launch as photographed by a friend of mine with years of clearance for NASA rocket launches – as an appropriate comparison to what inflation can look like. Continue reading “Inflation Revisited”

The “T” in TGIF

T = THANKS. TGIF stands for “Thank God It’s Friday.” I cannot proceed without saying a truly heartfelt THANKS to all of my clients, friends and readers who inquired as to mine and my husband’s well-being prior to and amidst Hurricane Florence. It blew me away (no pun intended) to know that so many people were thinking enough of me to call, email or text all weekend long to know that we were OK!

photography of rainbow during cloudy sky
Photo by Alex on Pexels.com

Continue reading “The “T” in TGIF”

Mindset Scorecard

If it is “TGIF” that is a good thing. Let’s have a little fun here.

What is your current mindset, financially?

If that is a difficult question to answer right way – or even if not – check out a useful tool: “The Retirement Mindset Scorecard.” Even if retirement is not your primary concern today, the Scorecard is still relevant and helpful!

There are 8 categories to Financial Mindset, as we see it:Retirement Mindset Scorecard

  • VISION
  • PREPAREDNESS
  • AWARENESS
  • KNOWLEDGE
  • PROTECTIONS
  • SUPPORT STRUCTURE
  • HEALTH AND WELLNESS
  • GUIDANCE

Continue reading “Mindset Scorecard”

One Way To Be Unselfish

This edition is dedicated to the loving memory of my father-in-law, Mickey Debbs.

Lots of things in life are learned or really hammered home only during or after a sad event. While there are still lots of lessons learned amidst happy times.

trees in park
Photo by Pixabay on Pexels.com

Recently I experienced the tremendously sad and sudden passing of my father-in-law. Note the word “sudden.”  Most of us say out loud regarding death, “I want to go fast!” Or, “I don’t want a long and drawn out death.” But really, we have no idea. What if it is sudden?

Continue reading “One Way To Be Unselfish”

Straw Hats in Winter

“TGIF 2 Minutes” was never meant to simply report current events. Rather, my intent is to highlight topics in personal finance – or a current topic – that affects your financial life and decision-making. BUT (there is always a “but”) certain pieces of news affect our mindset – both positively and negatively – and if I can comment on how to avoid letting the news sway you too far either way financially-speaking, then I believe it worth commenting!

federal-reserve

ECONOMIC TIMES ARE GOOD! This week the revised U.S. GDP report (the key measure of economic growth) revealed a strong, strong US economy. There is a reason I am mentioning this news as it relates to our mindset for making all sorts of major spending and savings decisions – decisions for us, our families and businesses in the short-term and longer-term.

Continue reading “Straw Hats in Winter”

Rocky Mountain High

As we sip our coffee and start our weekends or workdays there is a group of economists, Federal Reserve officials and finance ministers from the U.S. and around the world gathering in Jackson Hole, Wyoming for three days. Why is this worth mentioning?

Rocky Mountain

Continue reading “Rocky Mountain High”

Reflections From the Beach

Thank you to my friend and loyal reader, Bob, for the title of today’s edition. The idea of “reflection” came up last weekend while I was enjoying time in a wonderful Southern beach town where the restaurants and bars were full, the sidewalks hopping with people of all ages, the lovely (large) homes newly built or renovated, people enjoying relaxing time on the beach – even the dogs’ tails were wagging with joy! Times are GOOD in lots of places!

beach during sunset
Photo by b. on Pexels.com

These things are what we live for. These things also take planning and discipline – because good times come in cycles. Nearly everyone with whom I spent my weekend is engaged in a different and exciting line of work: from real estate finance, to “retired”, to the medical profession (both human and animal), to start-up tech… to owning or having sold their own businesses. Conversations were around “what’s next?” in terms of work, homes, vacations, kids’ camp, and kids’ college. Continue reading “Reflections From the Beach”

Caring for Aging Parents – Pt. 3

Last in a 3-part series from the archives of January 2017.

In earlier editions of TGIF 2 Minutes I delved into the topic of “Caring for Aging Parents.” It may seem like overkill to read a “Part 3,” but ask anyone who is in the midst of coordinating care for a parent or spouse if they wish they had gotten advice sooner. Heck, these days even neighbors and friends are enlisted to check in on a 93-year old down the street. Experts in long-term care insurance cite the emotional strain on family members – that can leave a family member or friend in need of serious or costly medical care for themselves after years of caring for others.

couple elderly man old
Photo by Pixabay on Pexels.com

The final topic in this series (excerpted from the archives) is the emotions involved in caring for aging parents, friends and others: Continue reading “Caring for Aging Parents – Pt. 3”

Caring for Aging Parents – Part 2

Part 2 in a 3-part series. Excerpts from the archives of January 2017:

In a previous edition of TGIF 2 Minutes I reviewed the topic of “Caring for Aging Parents.” The subject remains a big, big topic of conversation with friends and clients. PLUS, as people experience caring for a parent they suddenly say: How much do I need to be concerned about planning for MY OWN Long-Term Care down the line?!  

person holding medical walker beside white hospital bed
Photo by rawpixel.com on Pexels.com

Definitely a smart question and hence the “Part 2.” The costs of Long-Term Care are staggering, and the emotions can be too. Let’s take a brief look at recent news on costs. Continue reading “Caring for Aging Parents – Part 2”

Caring for Aging Parents – Part 1 of 3

The following edition of TGIF 2 Minutes originally appeared in January 2017. But due to popular demand and recent inquiries on this critical subject I am re-running it.

action adult affection eldery
Photo by Matthias Zomer on Pexels.com

Grandma moving in??  Traveling to help mom and dad from time to time? Sharing tasks with your siblings to help out your parents?

“Caring for Aging Parents” is an emotional and involved topic that takes FAR longer than two minutes to cover.  However, it is a critical topic and one that comes up daily in my conversations with friends and clients. Think about it: how many times have you been part of this conversation in the past several months alone… among friends/family?? I bet more than once!

Continue reading “Caring for Aging Parents – Part 1 of 3”