There is no question; America has a financial literacy issue. A report from the FINRA Investor Education Foundation says that two out of every three American adults “lack financial literacy” and that approximately 37% of Americans could pass a basic economic/financial knowledge test. More from the study: 9% are underwater on their home mortgage 21% have overdue medical bills 18% of respondents spend more than...
Many people think the key to a successful retirement is making more money. However, believe it or not, focusing on how much you spend (your expenses) may help more. Reducing your debt before entering retirement can also help make those years less stressful. To test this theory, we ran a hypothetical scenario through our financial planning software. With all other factors remaining constant, we ran...
The greatest golfers in the world visualize each and every time they hit the ball. They can see the shot before it’s hit. Jason Day, the world’s #1 golfer, actually closes his eyes for about 5 seconds to concentrate on the shot. If it works for golfers, then maybe it will work for you. I’m not talking about chasing a ball around all day; I’m...
What is it and should you do it? Years ago, “Impact Investing” was referred to as “Socially Responsible” and over the years has become very popular. There are two questions with this type of investing: 1) Should you invest? 2) Will you make money? Let’s look at some statistics to help you decide: • In 2005, there were about 200 such investment vehicles, less than...
You really need to say this a few times to understand the point. Investing in of itself really is simple. Here is a look at how simple it is: 1) Start as early as you can (time value of money) 2) Invest as much as you can (you can’t really over save can you?) 3) Invest in as many different investments that you can find...
Listen to our Radio Show on this Topic! When I ask the question “How many people in this room know of someone with a cognitive impairment?” at a workshop, it is common to see almost every hand go up. Cognitive impairment is a growing concern for many. One of the most frightening, especially given how we are an aging country, is Alzheimer’s disease, a neurological...
Well, the reality is that stocks don’t just perform differently, they perform better*. Since 1928, the S&P 500 has had an average total return of slightly better than +11% in all election years. There have been 22 elections since the S&P 500 index began; 82% of the time the index was positive. When a Republican was elected, the return was +15.6%. When a Democrat was...