Author - Michael J. Garry, CFP®, JD/MBA

1
The Secret to Retirement Planning
2
Retiring at 43?! #FIRE
3
Can Everything Be Down for The Year? Um, yeah.
4
Don’t Buy Complicated Investments
5
Look Past the Headlines for Stock Returns

The Secret to Retirement Planning

I’m going to tell you the secret to retirement planning. It’s easier than you might imagine, but for those of you who can do it, it will really work, and that is – work longer and wait to collect Social Security, until 70, if you can.

I know that’s not for everybody. Some people have jobs that are just intolerable or too physically demanding or working a little bit extra and a little bit longer might not be an option for you.

For those that can, however, working a little bit extra and a little bit longer than you might …

Read More

Retiring at 43?! #FIRE

I read a fascinating article by Steven Kurutz in the New York Times recently, it’s titled, “Retire at 43. You’re on FIRE.”

It talks about people who have made the conscious decision to live very frugally. They save a giant percentage of their incomes so they can retire at really young ages. Not 57 early retirement, but 43 or younger!

It’s fascinating, it’s a really interesting mindset. We really hadn’t seen a lot of this before, but have in the last five to ten years. People that want to have control of their lives, be independent and decide what they …

Read More

Can Everything Be Down for The Year? Um, yeah.

As of the end of November, ninety percent of asset classes tracked by Deutsche Bank were down.

Sixty-three asset classes are on track for a down year. That is a record, and that’s quite a record. It beats the record from like eighty years ago when they had like thirty some asset classes. Anyway, ninety percent.

Most of the way through December and it’s still on track.

It’s also trending to be the first year in twenty-five years when both stocks and bonds went down.

Stocks have gone down sharply a couple of times this year, earlier in the year …

Read More

Don’t Buy Complicated Investments

There was an article recently in the Wall Street Journal about the collapse of a company called Future Income Payments. It was a really sad story.

There was a couple in the article and a nice picture of them. They have lost a big part of the money they had set aside for retirement and are in pretty bad financial condition.

It is alleged that they lost that money in a scheme perpetrated by a company called Private Income Payments which would buy pensions and sell the rights to the payments to investors in a little known, and to be …

Read More

Look Past the Headlines for Stock Returns

If you are interested in knowing how the stock markets are doing, you have to look past the headlines.

I don’t know how many times I’ve gotten an alert on my phone and saw a headline that said “Dow Plunges!” or “NASDAQ Tumbles!”, and I’ve gone and looked to see what happened and those markets were down like 1% or 0.9%. That’s not really a tumble.

If you went to the grocery store and your favorite tuna went from $2 to $1.98 and the guy there says, “Oh look at that – the price just plunged!” you wouldn’t really believe …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login