Stimulus checks are great but they’re designed to get people through the short term, not a 30-year retirement. Create your own retirement stimulus by reading this week’s terrific links. If your retirement plan depends on GameStop, it’s time to get a new plan. MarketWatch Don’t fall for a Coronavirus Investment Scam. ThinkAdvisor Do you know…
How Do You Know If You’re Saving Enough For Retirement?
https://player.acast.com/5fbe7dfb74be345c0b6fff2a/episodes/how-do-you-know-if-youre-saving-enough-for-retirement?theme=default&cover=1&latest=1 Who doesn’t want a prosperous retirement? The solution is simple but not easy. Become a capitalist. No need to make “Greed is good” your North Star. It’s a simple concept; owners earn more than employees. Making money from savings instead of working for a paycheck is key. There are only so many hours in…
I Just Can’t Get Enough Vacation Time…..When Is My Retirement?
If your retirement plan involves day trading, it’s time to find another plan. There are saner choices out there starting with reading this week’s terrific links. Source: Vanguard Will your retirement plan change under President Biden? U.S. News How can you maximize the benefits of a Roth IRA? MarketWatch Lending money to family members can…
Five Lessons Young Investors Can Learn From GameStop’s Insane Ride
Never let a crazy market go to waste. GameStop’s astronomical rise of over 600% in two weeks is no exception. It seems a bunch of people on a Reddit message board and some trading Apps got together and plotted a strategy to stick it to the hedge funds. The Hedgies established massive short positions in…
Delete Junk Food From Your Retirement Portfolio
https://player.acast.com/5fbe7dfb74be345c0b6fff2a/episodes/delete-junk-food-from-your-retirement-portfolio?theme=default&cover=1&latest=1 Long term planning contains short term costs. Short term thinking is much more expensive. Americans need to apply this thinking to their diets and portfolios. Nobody ever went wrong compounding money and eating healthy. Focusing on the latter, we eat terribly. According to Bill Bryson, The average American consumes twenty-two teaspoons of added sugar…
All I Do Is Talk Talk…..When Is My Retirement?
There was a peaceful transfer of power in our country this past week. Help yourself make a seamless transfer into your retirement by reading this week’s terrific links. The Stock Market doesn’t care about your retirement. A Wealth of Common Sense Money is worthless if you don’t have your health. MarketWatch Don’t get retirement advice…
How Should We Plan For A Two Minute Life?
There’s one thing the worst forecaster (and that’s saying something) can’t get wrong. All of us are going to die on slightly different trajectories. We’re all critically ill. It appears the chasm between the lifespans between an 80 and 17-year-old should be measured in light-years. That’s not the case. The history of our planet provides…
My Boss Is Pretty Vacant…..When Is My Retirement?
Our country is predicated on the rule of law. The same goes for your retirement. Follow the right rules and your plan won’t be overrun by the mobs of emotion. Start right here by reading this week’s terrific links. What you focus on really matters. Retirement Field Guide Are Annuities in your retirement plan a…
We Don’t Live In Our 401(k) Plans
Shopping and buying aren’t the same things. In the U.S., shopping is a bigger sport than the NFL or NBA. The funny thing is we don’t realize what we’re buying. They’re trillion-dollar industries based on the sport of shopping. The arms race to purchase things we don’t need is fortified by gift cards, garage sales,…
I’m Having A Personality Crisis….When Is My Retirement?
Our nation will survive all of this madness. I’m not sure I can say the same about your retirement plan. Start defending yourself by reading this week’s terrific links. Doing this one thing can save your estate from costs and headaches. TheStreet Should you retire overseas? make it Is a vacation home a threat to…