We finally strung together three up days in a row in the stock markets today and that’s a good thing. Volatility is ratcheting down and folks are stepping in to scoop up bargains. Unfortunately, for the first time since we bottomed back in March 2009, I don’t trust this rally and believe that we are headed back to test last week’s low of 1,101 on the S&P 500 index in the short term. If the market doesn’t hold at that level, our next stop is likely 1060. Let me explain why this rally has a lot to prove before I …Read More
After a couple of tough weeks for the market, the level of fear seems to be at a pinnacle. While fear is not always a bad thing, when it comes to investment decisions, fear is not a factor we want creeping into to our thought process. Many people have said that fear and greed drive the market. We can certainly see how fear has firmly taken its place in the driver’s seat.
If you find yourself panicking during our latest doomsday event, here are a few things that you can do protect yourself from falling prey to the darkside of …Read More
Do worries about having enough money to cover retirement keep you awake at night? Do you feel unhappy about the prospect of having to work many more years in a job you don’t love? Relief may be at hand if you consider the new retirement paradigm that offers a reasonable trade-off between continuing work and beginning to enjoy retirement activities while you still work.
The new paradigm goes like this example:
Let’s say your financial planner explains you can’t afford to retire now – you need to work another 4 years. Is the advice more palatable if you reduce retirement …Read More
This post intends to clarify a question that comes up repeatedly: both spouses cannot collect Spousal Benefits at the same time.
If you stop and think about the mechanics of Spousal Benefits, it should become clear to you that this isn’t possible. Below is a recap of the rules that are necessary for Spousal Benefits to work.
Rules for Spousal Benefits
1. In order for a spouse to file for Spousal Benefits, the other spouse in the couple must have filed for benefits as well. It doesn’t matter if the other spouse is actually receiving benefits currently, just that he …Read More