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

Bob's Blog on Retirement & Beyond

Breakthrough in Brexit

December 11, 2017

Just when commentators were saying that Britain and the European Union wouldn’t be able to agree on basic separation terms, the parties reached an agreement. This is only one of a series of several agreements that have to be reached. But Part 1 now is a done deal, and the parties can move on to […]

Avoid U.S. Investments?

December 11, 2017

Two prominent investment firms are arguing that this good be a good time for U.S. investors to sharply curtail or eliminate U.S. stocks and bonds from their portfolios. They see a lot of risk from U.S. investments. They also see better value and higher growth prospects in many overseas assets. Read Research Affiliates thoughts here […]

Should Seniors Spend More?

December 11, 2017

A number of financial advisors have a complaint about their clients that isn’t in line with widely-held beliefs. These advisors believe their clients aren’t spending enough. The clients have saved and invested well, yet they spend as though they were starting out in life. The advisors believe these seniors are depriving themselves. BlackRock recently completed […]

Interpreting the Bond Market

December 8, 2017

The yield curve is getting flatter, meaning the difference between short-term yields and long-term yields is shrinking. Normally a flat yield curve indicates the economy is slowing. An inverted yield curve (shorter term rates higher than longer-term rates) indicates a recession is near. But we live in different times. This article argues that today’s yield […]

2018’s Big Risk

December 8, 2017

The major risk of the last few years continues in 2018 and might even be a bigger risk. This article explains that the economy could do better than expected in 2018 and cause central banks to decide they need to tighten even more. I still think central banks are aware they have little ability to […]

Against Flexible Spending Accounts

December 8, 2017

The well-known employee fringe benefit comes with tax advantages and a lot of restrictions and requirements. This post explains why two economists hate FSAs and believe they are inefficient. Scott’s point is twofold. First, there is a lot of waste in crawling down the road. Second, taken in isolation, it looks like the plan at […]

Expecting the Unexpected

December 7, 2017

This article explains why stocks might not be overvalued today and uses it as a discussion to avoiding mistakes when interpreting data. It’s a useful lesson that should be remembered when interpreting market data or listening to discussions about markets. As you can see, a higher CAPE ratio is typically correlated with stock market peaks, […]

The Chinese Real Estate Bubble

December 7, 2017

Among China’s imbalances are a high debt level and excessive building in residential real estate. This study from Reuters says additional problems are that much of the real estate purchases were fueled by debt and fraud. Reuters speculates that at some point banks will run into trouble when the loans default. Mortgage fraud like the […]

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