A first-world problem, and nothing more? Not quite. Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you resolve anxieties about funding your retirement or your children’s college educations, and newfound financial freedom can lead to time freedom...
Is Wall Street out of control? Main Street and Wall Street are abuzz over Flash Boys: A Wall Street Revolt, the new book from Berkeley-based journalist Michael Lewis (author of Moneyball and The Blind Side, London School of Economics graduate and former bond salesman). Flash Boys...
The FOMC authorizes a minor reduction in bond buying starting in 2014. December 18 turned out to be T-Day: the day on which the Federal Reserve finally tapered QE3. In making the move, the Fed acknowledged an improving economy; Wall Street quickly and enthusiastically applauded its...
A study suggests the “conventional wisdom” may be flawed. If you move away from equities with age, are you making a mistake? For some time, financial professionals have encouraged investors to lessen their exposure to the stock market as they get older. After all, a 60-year-old...
There is no simple answer, but consider some factors. You save for retirement with the expectation that at some point, you will have enough savings to walk confidently away from the office and into the next phase of life. So how do you know if you...
WEEKLY QUOTE“One must shy away from questionable undertakings, even when they bear a high-sounding name.” - Albert Einstein WEEKLY TIP Collaboration among investment, legal and accounting professionals may make a big difference in the scope and execution of a financial strategy. WEEKLY RIDDLE Which positive whole number can...
WEEKLY QUOTE “We are what we repeatedly do; excellence, then, is not an act but a habit.” - Aristotle WEEKLY TIP How financially literate are your children? Encourage them to read up on investing and money matters before they turn 18. WEEKLY RIDDLE I am gentle enough to soothe the skin,...
WEEKLY QUOTE“Growth itself contains the germ of happiness.” - Pearl S. Buck WEEKLY TIP Do your money decisions reflect your values? If they don’t, you can wind up conflicted, stressed out and unhappy. WEEKLY RIDDLE It is found in the ground, round as a circle and yards deeper than a...
Easing into a difficult conversation. Every eighth American aged 65 and older has Alzheimer’s disease, and 43% of Americans aged 85 and older have it, according to the Alzheimer’s Association. Consider those percentages in light of the Social Security Administration’s estimate that about 25% of today’s...
WEEKLY QUOTE“Love is a friendship set to music.” - Joseph Campbell WEEKLY TIP Through tax-loss harvesting, long-term portfolio losses can be put to work. They may be used to offset long-term capital gains or to lower regular income. WEEKLY RIDDLE Name three consecutive days without using the words Monday, Wednesday, Friday, or...