In our recent interview with Chuck Butler, we discussed the challenges of “locking in” safe interest income. The challenges are tough: Beating inflation. Currently inflation is around 8%. If your interest rate is below the inflation rate, your money will buy less when the bond or CD matures. Market timing. Locking in rates makes sense when you are near the […]
» Read moreThere is a three-headed investment bandit lurking in the weeds looking to steal your wealth. Savvy investors must deal with them – all at the same time. First up is the safety bandit. If you invest in stocks and bonds, they can default or go down in value, robbing wealth from your nest egg. Second is the income bandit. Retirees […]
» Read moreSeniors, savers, baby boomers and retirees are constantly bombarded with financial information written by those wishing to sell their products or services. The readers are prospective nails; and the authors tout their particular hammer as the best solution to your financial challenges. Many have been credited for the above quote, including Mark Twain and Abraham Maslow. I prefer to use […]
» Read morePension Funds, insurance companies, brokerage firms, robo-advisors and your friendly financial advisor all use some sort of computer modeling. It’s modern day magic; put in your data, and hocus-pocus, it prints out a report telling you what to do. This isn’t the hokey-pokey! Today you can put good data in and get garbage out. If the computer model is not […]
» Read moreDid you know it’s possible to experience exhilaration and stark terror simultaneously? Jo and I were in our Jeep Wrangler in Custer State Park. It’s home to a huge (1300 strong) herd of bison. After a 1-1/2 day search we gunned the jeep down a gravel road toward a dust cloud. There were just a few vehicles parked on the […]
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