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A modern financial approach to maximize retirement satisfaction, while dramatically reducing risks.

11/07/2024

An estimated $929 billion in Commercial Real Estate debt will need to be paid off or refinanced this year, the majority of which owed outright to banks or packaged within Commercial Mortgage Backed Securities (CMBS) and Collateralized Debt Obligations (CDO).

Will higher interest rates cause additional defaults and strain on an already weakened regional banking sector?

27/04/2023

Many people think that investing in the 500 largest companies, they are diversifying their investments away from the risk of individual companies.

But there are times when a handful of companies overweight the index and these few companies will still decide the fate of your portfolio

27/03/2023

Advisors are notorious for understating the impact of losses.

They often tell you to stay in the market even when it’s plummeting and show the returns that occur in the years after the losses as proof of why.

However, this is deceptive because that 86% loss during the Great Depression actually required 714% of gains just to break even! The subsequent 60% loss required 250% of gains.

One of the biggest positive impacts to your financial life is understanding the impact of losses!

10/03/2023

Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry.

Its failure marks the largest shutdown of a US bank since 2008, when Washington Mutual fell during the financial crisis. While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.

28/02/2023

Inflation continues to hit consumers (and retirees) hard as 2022 saw record increases in credit card debt and decreases in savings.

In addition to credit card debt, the most recent data from Bankrate, polled in January 2023, also examines whether people have more credit card debt or emergency savings.

The percentage of people who have less emergency savings than credit card debt (including zero Emergency savings) has increased to 49% for 2022.

04/02/2023

A WORD OF WARNING: The consumer market has found ways to trick you by using a method called shrinkflation. - You get less product or service for the same cost or higher than you paid before.

Here are 10 examples:
Folgers container - was 51oz, now 43.5oz
Kleenex - was 65 tissues per box, now only 60
Walmart paper towels - was 168 sheets per roll, now only 120
Dorito’s - was 9.75oz per bag, now 9.25oz
Burger King chicken nuggets - was 10 pieces, now only 8.
Bounty Triples - was 165 sheets, now 147
Hefty’s mega pack - was 90 bags per box, now 80
Tillamook ice cream - was 56oz per carton, now 48oz
Pantene Pro V Curl Prefect Conditioner - was a 12oz bottle, now only 10.4oz.
Angel Soft - was 425 sheets per roll, now only 320 sheets.

These are only a few consumer examples, but this is also occurring in service business, where services are being slashed while prices remain the same.

Inflation is insidious and comes in many forms. It's not just what you see on the grocery receipt.

23/01/2023

Eggflation is in full swing as many Midwest states have seen egg prices more than double this past year, with Iowa topping the list at 153%.

18/01/2023

Last year the average 401(k) balance plunged 22.9%, according to a Fidelity Investments analysis of retirement accounts.

Now you need a 30% increase just to get back to where you were.

You also won’t have the peace of mind of knowing what your retirement accounts will be worth when you hope to tap into them.

30/12/2022

Southwest Airlines has cancelled 15,750 flights since December 22nd. What can the meltdown teach us about financial planning?

Initially, they blamed the weather, but as time goes on, the problems are being revealed as a cascade of more systemic problems.

While things have gone smoothly for years, one crack caused a chain-reaction that caused a cascade of failures. We see similar systemic issues occurring within financial planning:

1) Complacency can be killer to any process. Like SW's 30-year old scheduling software, most financial 'experts' preach methods that haven't been effective since the 80's and 90's.

LESSON: Be sure you are working with someone that has access to ALL of the latest tools and techniques. If they are just using stocks and bonds, you're missing half of the puzzle pieces.

2) SW didn't have a good backup plan for staff shortages, tech failures, accommodating stuck passengers, etc.

LESSON: A successful financial plan can't just be a 'fair weather' plan. It must work even if there are failures in the system, such as having liquid money for emergencies, dying early, living longer than expected, getting critically ill or needing long-term care.

To be successful, you must create your retirement plan....
Then, test the plan BEFORE your plan tests you!

If you take advice from experts that are blaming 'the market' for their failures, it's time to move on.

21/12/2022

Tesla joined the S&P 500 index on December 21, 2020 with much fanfare. That meant that everyone owning S&P 500 index funds automatically became part owners of the volatile company, like it or not.

After gains in 2021, the stock has now plummeted 60% this year and 25% below its 2020 original entrance price.

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