“Hitch your wagon to a star,” wrote Ralph Waldo Emerson.1 Many people take this famous metaphor to mean simply “aim high.” But Emerson possibly had more in mind. Your wagon (your life prospects) needs something to pull it. He was suggesting that rather than settling for the usual plodding horse,
If you want to start a lively discussion among a group of retirement experts, just casually toss out the question, “What’s the best age to start taking Social Security?” The reason the answer to that question is so debatable isn’t because Social Security benefits are some vague mystery. Studies have
One of the most famous movie lines of the past sixty years comes from the 1970 release Love Story. Ryan O’Neal’s character apologizes for an angry outburst at his romantic partner, played by Ali MacGraw. Her character replies, “Love means never having to say you’re sorry.”1 The line is famous
Whitewater rafting can be exhilarating—the wilderness setting, the unique view you can only get from the river, and the thrill of feeling yourself propelled along by the roaring water. However, even with an experienced guide, you can find yourself feeling out of control as your raft is bounced and spun
How often have you seen this scenario in a big football game? With less than a minute on the clock, the team trailing by a point or two gets the ball deep in their own territory. Their final drive down the field gets stalled and they face fourth and long,
It’s taken a long time for professional wrestling to be treated like a legitimate sport. For its first fifty years, to see one of these scripted matches you’d have to show up on a Saturday night to your local armory. But eventually pro wrestling began to get some fringe slots
Even as the stock market has continued to climb recently month in and month out, investors are becoming uneasy.1 They worry that inflation will once again run rampant. That the Fed will not cut interest rates. And that what seems like a promising economic recovery will run out of gas.
Presented by Mark K. Lund, Financial Advisor America has roughly 5 million people age 65 to 74 who are single and childless.1 While these solo retirees report that they enjoy their independence and added freedom, they are also worried about the downsides of being alone, such as loneliness and not
Presented by Mark K. Lund, Utah Financial Advisor Shortly after Aretha Franklin died, it was revealed that she had not left a formal will. At the time of her death the 18-Grammy-winning Queen of Soul had an estimated worth of $80 million and a catalog of intellectual property which was
You see one headline that says, “Inflation Finally Under Control,” followed by one that reads, “Banks Wary of Further Inflation.” A news outlet announces, “Unemployment Near Record Low.” Yet on the same day another says, “Tech Companies Eliminate Thousands of Jobs.” You might wonder, are we in good economic times
When it comes to retirement we usually hear “save more.” While this may be the solution for most people’s financial situations, it may also not be the right solution for everyone. There are various ways to save for retirement. Just turn on the radio, TV, or go to the internet
There are obvious advantages to working past the typical retirement age of 65. First, in many people’s minds, is money. Making an income and continuing to save while not drawing down your nest egg can have a big financial impact, especially if you’re trying to catch up. Second, if you
There are two kinds of investors. Passive and active. This is somewhat of an oversimplification, but essentially there are those who believe in owning broadly diverse funds with low administrative costs and holding them for the long-term—versus those who believe in buying stocks that show signs they’re about to go
In 1997 William Strauss and Neil Howe published The Fourth Turning: An American Prophecy. The premise of this fascinating book is that American history has gone through a cycle of recurring “seasons,” brought about by a repeating sequence of four generation types.1 For example, they posit that the generation that
On its surface, investing for retirement seems to be all about getting the numbers right. Your timeline, your tax strategy, your portfolio allocation, and your income goals are all things that can be analyzed and decided on using math. But there’s another component to your investing that can have a
Hans Christian Andersen recorded a folktale about a poor farmer who takes his horse to market to sell or exchange for something that will be more practical for his farm. But on the way to his destination, the Old Man (as he’s known in the story) makes a series of
More than 40 years ago, if you had made a list of the most influential investors in America, Peter Lynch would have been near the top. From 1977 to 1990 he ran Fidelity’s Magellan Fund, and during this span compounded capital at a rate of more than 29%.1 He achieved this feat
Late in 2022 the strategy team at Goldman Sachs Research released their forecast for the U.S. stock market in 2023.1 Based on what had happened the year before and on where the economy appeared to be headed, it seemed to be perfectly reasonable. “Zero earnings growth will drive zero appreciation
One of the staples of classic novels is the unexpected inheritance. If Charles Dickens or Jane Austen or Louisa May Alcott needed a happy ending, they would have their protagonist come into an unanticipated fortune.1 Not surprisingly, it’s a popular idea outside of fiction. And for several decades the media
With many asset categories approaching all-time highs (as they inevitably do), the question many investors begin to ask themselves is: Should I sit on the sidelines and wait for a pullback? Although, this thought process is a natural response to something that can be volatile like the stock market, the
The new Bitcoin ETFs (Exchange Traded Funds) now make it possible to get exposure to the cryptocurrency by proxy through funds that are traded like stocks on various US Stock Exchanges. Previously, if you wanted to buy and sell Bitcoin, you had to do it through one of the cryptocurrency
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