Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Bob's Blog on Retirement & Beyond

Surprising Fact About The Road To Serfdom

July 13, 2018

One of my favorite books is Friedrich Hayek’s The Road to Serfdom. Let’s close the week with this article,which has seven entertaining and surprising facts about the book. Three U.S. publishing houses—Macmillian, Little Brown, and Harper and Brothers—rejected the manuscript of The Road to Serfdom. Some of the criticism was harsh. “Frankly, we are doubtful […]

Advice From Harry Markowitz

July 13, 2018

Markowitz was a Nobel Prize winner in Economic Science and is credited with establishing the foundation of modern portfolio management. This article reminds us of Markowitz’s advice for every investor: “Diversify,” Nobel-Prize winner Harry Markowitz once responded when asked how investors should approach the stock market. “And if I had to offer a second piece […]

IRS Okays Backdoor Roth IRA

July 13, 2018

The Backdoor Roth IRA is a strategy available to someone who wants to contribute to a Roth IRA but whose income exceeds the contribution limit. The person can make a nondeductible contribution to a traditional IRA, and then convert that amount to a Roth IRA. There should be no income taxes on the conversion, if […]

Mobius Is Expect The Worst

July 12, 2018

Mark Mobius, now retired at many decades investing in emerging market stocks for Franklin Templeton, continues to follow the markets and comment on them. His latest commentary is bearish. Mobius believes that the current trade war and tightening policies by central banks are going to hit the markets and many companies hard after a while. […]

Turmoil In The Oil Market

July 12, 2018

It’s been about 20 years since fracking was proven as a useful way to take oil and gas from the ground, and a lot has changed since. This article points out that the U.S. is on the way to become the world’s largest oil producer. What happened to “peak oil”? And this article reports that […]

China’s Quiet Response To Tariffs

July 12, 2018

The U.S. is waging a loud war against China by imposing tariffs and threatening to impose a lot more. China has made some in-kind responses but also has a more quiet response. As this article explains, China is letting its currency depreciate against the dollar, making China’s goods and services cheaper for U.S. buyers. “They […]

The Troubles At Colony Capital

July 11, 2018

Thomas Barrack serves as an outside advisor to Donald Trump, but he’s also a real estate investor and manager. This article details the rise and fall of Barrack’s business fortunes and his plan to turn around his business. But apparently it’s not going to help shareholders in his REIT much. It’s good reading for investors, […]

Assessing The Trade War’s Impact

July 11, 2018

The trade war with China has begun. How long will it go on, and how bad will it become? More importantly, how will affect the U.S. and global economies. This article citesa lot of people and presents different theories and scenarios. One thing is clear is that something has hurt China’s financial markets in the […]

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