As a financial planner I discuss retirement goals with virtually every client. Those that don’t plan to remain in their own homes typically talk about moving to a retirement community or an assisted living facility. Yet there’s a growing body of evidence suggesting that segregating older people, particularly by age, may not only shorten their…
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It’s common for conservative investors to become fearful after a year of awful performance in the stock market. Last year certainly qualifies; it was the seventh worst year for the S&P 500 since 1926. Could 2023 also turn out to be a bad year for stocks? Of course anything is possible. But two down years…
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The year 2022 will go down in my book as the worst year in history for the U.S. investment markets. Why do I assert that so strongly? It’s because of what happened to bonds. The S&P 500 lost -18.1%, making 2022 merely the seventh worst year since 1926. But that wasn’t the main story. The…
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At the tail end of December President Biden signed into law the Secure Act 2.0 as part of the $1.7 trillion Consolidated Appropriations Act of 2023. Its name represents an extension of the 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act that was the Federal government’s first major retirement-focused legislation since 2006. Secure…
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Last year the city of Oakland launched a program called Resilient Families to provide 600 low-income families with $500 a month for 18 months without any limitations on how the money can be spent. The funding came from donations from a philanthropic partnership (Blue Meridian Partners) and the program is run by a non-profit (UpTogether).…
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If I had told you a year ago that Facebook’s stock price would drop by more than 70% in 2022, what would you have thought? That I’m crazy? Well, that’s exactly what occurred. From 2014 through 2021 an investment in Facebook (now Meta) would have cumulatively outperformed an investment in the S&P 500 by nearly…
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