retirement

Dangerous Retirement Myth – BUSTED

A large number of Americans lack the money to truly enjoy their golden years. In fact, nearly half of U.S. families are without any retirement savings at all, according to the Economic Policy Institute. But there’s an easy way to give your savings a boost. We just need to clear one thing up first…

How to Invest a $10,000 Windfall

Today is your lucky day! You’ve suddenly come into a $10,000 tax-free windfall. Now, what do you do with the money? I know most would splurge on a vacation or the down payment on a new car or some other extravagance. But when unexpected extra funds find their way into our lives – whether from...

Japan Is a Bankruptcy Waiting to Happen

Last week, Shinzo Abe won a big victory in Japan’s Upper House elections, which gives him, together with the smaller Komeito party, enough of a majority to rewrite Japan’s constitution. He has decided, instead, to first attempt to revive the Japanese economy with another “stimulus” program of 10 billion yen ($98 million) in new public spending –...

Don’t Get 401-KO’d

Retirement aside, owning a home is the most significant financial milestone of our lives. Yet many Millennials, who are struggling to reach the same financial milestones as their parents, have found home ownership particularly elusive. According to a report from the National Association of Realtors, the number of Millennials living with their parents increased almost...

The How-To of Investing in a Comfortable Retirement

The Fed and its central bank cronies are outright dangerous. Bill Gross of Janus Capital may have said it best when he told Barron’s in April, “Today’s ultra-low interest rates are destroying savers who are the bedrock of capitalism.” Forget capitalism. These low interest rates are destroying the retirement dreams of many who worked hard...

The Wild Ride of Retiring in a Bull Market

It’s official – the U.S. stock market is now enjoying the second-longest bull market in history. This bull run started on March 9, 2009, and continues to maintain record-breaking momentum. As a former broker for nearly 20 years, I have advised countless people on how to structure their portfolios. But this gives me pause… When...

Young & Prudent: Time to Drop the Expectations

My parents are right on track for the retirement they were promised. If all goes well, they’ll both have around 15 or more years to enjoy a comfortable life without working. My father retired a few years ago at 67. He was planning to work longer, but his company offered him a good package to...

Young & Prudent: Everyone’s Favorite Punching Bag

Among Millennials, you’re considered a financial success as long as you’re not in debt. That’s according to research published by Facebook this year. The company analyzed conversations by U.S.-based Millennials on its platform and found that over half of those observed considered having no debt a financial success. Only one in 10 said that being...

America’s Pension Problem: Disaster Looms

Over the last eight years, the Fed’s imprudent policies have hurt one major demographic: savers. Especially those saving for retirement. Low interest rates only make it more difficult to build assets and, more importantly, they require a larger pile of assets, because they don’t yield much interest income. Every retirement plan must allow for roughly...

Investing for Millennials: Tips for Spending and Saving

There’s no denying that we’re living in an age of instant gratification. We’re constantly told to “live in the moment” without a thought of tomorrow. The problem is, tomorrow always comes, and we’re increasingly less prepared for it. Retirement savings, for instance, are falling by the wayside. While we all imagine our golden years to...