Tallus Capital Management

09/28/2026

Bottom Line: Stocks finished higher last week, even as bond yields climbed to levels we have not seen in almost 20 years.

09/25/2026

He had saved for thirty years for the moment he could stop working.

When it finally came, he could not bring himself to spend anything.

The paycheck stopped. The portfolio was there. Everything he had built was sitting right in front of him, and he kept finding reasons not to touch it. Too early in the year. The market was unsteady. Maybe just one more quarter.

We hear this more than people might expect. The shift from saving to spending is one of the hardest transitions in retirement, and nobody really warns you about it.

It is not a math problem. The math was fine. It was the feeling of watching a number go down instead of up for the first time in decades.

We spent some time building a withdrawal plan he could trust. Predictable, structured, sustainable. Something that gave him permission to actually use what he had built.

He is traveling now.

That is what it was always for.

09/21/2026

Bottom line: A rate hike, sticky inflation, and rising yields are the headline, but strong corporate earnings remind us the underlying economy is still producing results.

09/18/2026

Some people come in with a problem. They came in with a dream.

They wanted to retire at 58. Not because work was bad. They both actually liked what they did. But they had a list. A long one. Places they wanted to go, things they wanted to build, time they wanted with their grandchildren before those grandchildren got too old to want it.

The question was not whether the dream was possible. It was whether their money was organized in a way that could make it happen on their timeline.

We spent a few sessions mapping it out. Income plan, tax strategy, the right sequence for drawing everything down.

They left with a date circled on the calendar.

We love those meetings.

09/16/2026

One of the most common things we hear: "I will start investing once things settle down."

The market is too high. There is too much uncertainty. I will wait until after the Fed decides, after the election, after things feel calmer.

The problem is things rarely feel calm enough. And the cost of waiting is real.

Consider this: $10,000 invested today, growing at 7% annually, becomes roughly $76,000 in 30 years. Wait five years to start and that same $10,000 grows to about $54,000. A five-year delay costs more than $20,000 in potential growth.

Time in the market matters more than timing the market. That is not just a saying. The math backs it up.

We are not suggesting you invest without a plan. We are suggesting the plan should not include waiting indefinitely.

09/14/2026

Bottom line: Rising oil and a stubborn inflation print put the Fed back on offense heading into this week's rate decision.

09/11/2026

09/09/2026

Most people focus on how much their investments earn. Fewer think about when those returns happen.

Sequence of returns risk is the idea that the timing of market gains and losses matters as much as the average return itself. And it matters most right around retirement.

Here is why. If markets drop sharply in the first few years after you retire, you are selling assets at low prices to cover living expenses. That leaves less money working for you when markets recover. A loss early in retirement does far more damage than the same loss ten years in.

Two people can retire with identical savings and identical average returns and end up with very different outcomes, simply because of when the market moved against them.

This is one reason we build income strategies that do not depend entirely on selling investments at the right time.

09/08/2026

Bottom line: The economy is showing more resilience than expected, but rising oil prices and a potential Fed rate hike are the two things worth watching closely heading into fall.

09/07/2026

Markets are closed today. Wishing you and your family a great holiday.