Happy New Year!
It’s always an interesting endeavor at this time of the year to stroll back along memory lane to see just how we got to where we find ourselves. The passage of time tells us the story, punctuated by the passing of things held dear and the emergence of new challenges, opportunities and technologies.
It's fair to say that until recently, investors (and their advisors) were singularly focused on saving for retirement. Lately, however, the focus has shifted largely to how to make money last through retirement—a move from accumulation to decumulation.
The question of how much life insurance you need can stir up an emotional as well as economic bees’ nest. We've heard sentiments ranging from, “I want my family to have everything in abundance,” to “I don’t want my spouse to get rich from my death.”
Several years ago, a friend and an owner of a professional practice asked me to help him run his firm like a "real business." As it turned out (and much to my surprise), I had the temperament and skills to think strategically, lead a team with fortitude, and relentlessly execute a plan with laser focus. I was a natural executive.
My success in that role led me to a project with another firm, and then another, and so on. Thus began my life as an accidental executive and business consultant.
If you had a $2,000,000 nest egg, would it be enough to last through your retirement years?
The answer can depend on... when you retire.
Fall is in the air, and this is the time of year you might wonder... will it be tricks or treats for the markets during this autumn season? Only time will tell and, as usual, but there are reasons aplenty for both Bull and Bear to make their case.