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

Bob's Blog on Retirement & Beyond

Alternative Uses of 529 Plans

August 10, 2018

Suppose you set up a 529 college savings plan for a child or grandchild, and now the youngster doesn’t need it. Maybe the child received a full scholarship or won’t be attending college. This article explains that you have several option. The most logical is to change the beneficiary to another child or grandchild, or […]

Are Earnings Peaking?

August 9, 2018

The stock market’s done well lately because of strong earnings growth and expectations that growth will continue. Liz Ann Sonders of Charles Schwab discusses whether that level of growth is likely to continue and what that means for stock prices. She’s cautiously optimistic, but does think earnings growth has peaked even if earnings haven’t. The […]

What’s Holding Down Gold?

August 9, 2018

The price of gold has been tumbling most of this year. This article offers some explanations and also compares gold to TIPS, pointing out that most of the time there’s a high correlation between the two. His basic argument is that strong economic growth is bad for both gold and TIPS. For the past 5 […]

The World Of Financial Twitter

August 9, 2018

This article is an extended look at what it calls Financial Twitter, which is the Twitter feeds and comments of people in the financial services industry. It discusses both the good and the many bad things that happen on Twitter. For smaller players, including some hedge fund managers and investors, FinTwit has replaced the message […]

Effects of an Early Trump Tariff: Lumber

August 8, 2018

One of the first tariffs the President imposed was on lumber. As this post shows, the price of lumber has been increasing steadily. That’s partly because of higher demand due to economic growth. But it’s also due to the tariffs and increased the cost of housing in the U.S. There is a seasonal pattern for […]

Important Mutual Fund Manager Changes

August 8, 2018

Morningstar is reporting what it believes are the most important fund manager changes of the year. None of them are funds I’m currently recommending in Retirement Watch. Two are funds I recommended in the past: Acorn International and Vanguard Windsor. Columbia Acorn International’s (ACINX) lead manager and Wanger Asset Management’s CIO Zach Egan stepped down from the […]

Don’t Forget To Review My Contributions

August 8, 2018

I’ve been a contributor to the blog for a few months now and am excited about the number of page views many articles are receiving. You can review my posts by visiting my contributor’s page. […]

How An Auction House Can Lose Big

August 7, 2018

Sotheby’s reported a decline in earnings for the quarter. It attributed the decline to sales of two paintings at auction. You might ask how they could happen when an auctioneer takes a fee for each item it sells. The art auction world is more complicated than that, as this article explains. It’s an interesting behind-the-scenes […]

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