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

Bob's Blog on Retirement & Beyond

Avoiding the Key Financial Mistake

April 4, 2011

Most mistakes, especially in finance, aren’t made because people have wrong information. Mistakes often are made because the decisionmaking process is wrong. Perhaps the most common mistake I see in the financial world is “projecting.” This is when people look at a trend and assume it will continue. They project the recent past into the […]

Expecting Higher Oil, Commodity Prices

April 1, 2011

A longer-term effect on the global economy from the Japanese earthquake, tsunami, and nuclear energy problems is likely to be higher oil prices and prices for other commodities. That’s the fear of Louis-Vincent Gave of GaveKal Capital. Gave isn’t known by most investors, but he’s fairly well-known and respected among institutional investors. Gave is a […]

What the Affluent Think

April 1, 2011

Affluent investors in the U.S. still haven’t recovered mentally or financially from the financial crisis. The non-affluent would expect the affluent to be relatively worry-free and confident about their financial futures, but that’s not the case, according to a study by Northstar/Sullivan. The second effect on investments was less surprising, Sullivan said. “Retirement remains the […]

Disappointingly Overvalued

April 1, 2011

Most investors are looking for cheap or undervalued assets, or at least they say they are. The problem is most investors don’t execute the strategy well. They don’t know how to value assets properly or they’re ultimately afraid to do things differently from what everyone else is doing. They want to follow the herd, because […]

Examining AARP

April 1, 2011

AARP is a big player in national policy debates, and it was especially active in the health care reform debate of the last few years. On Friday Congress will hold a hearing to examine AARP’s role in the reform debate and whether it received special treatment in the legislation and subsequent regulating. AARP not only […]

Hiding the Inflation

March 30, 2011

Readers have been asking since last summer why the Federal Reserve and many prominent economists say there isn’t any inflation. They see higher prices when they go to purchase things, and they wonder why it doesn’t show up so much in the data. One reason, which you’re probably aware of, is retailers charge the same […]

Broken Hearts Really Hurt

March 29, 2011

This post isn’t about your finances, but it’s interesting. Scientists believe that rejection and similar losses actually trigger physical pain, and even the memory of past experiences still trigger reactions similar to physical pain. The research builds on a 2010 study published in the journal Psychological Science that showed people who took the painkiller acetaminophen, […]

Deciding Where to Retire

March 29, 2011

A number of web sites and publications seek publicity by publishing lists of “Best Places to Retire” and similar topics. I’ve always advised using these lists simply as starting points or sources of ideas. You shouldn’t choose a place because it topped someone’s list. The lists are created by first deciding on the criteria to […]

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