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

Bob's Blog on Retirement & Beyond

Getting the Big Picture Right

July 18, 2011

Investors and the media spend a lot of time focused on short-term factors, or what’s known as market noise. We try to step away from that in Retirement Watch and determine what the meaningful trends are. It’s always nice when a Nobel Prize winner in Economics seems to agree with our big picture view. Robert […]

Behind the Scenes of Possible U.S. Credit Downgrade

July 18, 2011

You’re probably aware that as the negotiations on raising the U.S. debt ceiling stalled, the credit rating firms started to issue warnings. The U.S. was put on credit watch, and some said they were inclined to downgrade the U.S.’s AAA rating if the debt ceiling were not raised on schedule. The Washington Post has some […]

Diversification Harder to Accomplish

July 13, 2011

A buy and hold investor definitely needs investments that aren’t correlated with each other. Even investors who do some trading in their accounts want some diversification and balance. In recent years this has become harder to achieve. In the financial crisis, the correlation of all investments, except short-term treasury bonds, went to 1.0 or very […]

Wealthy are Worried About the Economy

July 13, 2011

Being wealthy seems to make people more worried and pessimistic. About 300 high net worth individuals in a recent survey revealed they are worried about the global economic climate as well as the health of the U.S. economy, according to a survey by Insite Security and IBOPE Zogby International. Here are some of the findings: […]

Tax-Efficient Investing Becoming More Important

July 13, 2011

As the debt limit debate drags on in Washington, many investors and their advisors are preparing for a future when higher taxes on their returns are likely. A range of strategies need to be considered, and the ones to use depend on the individual’s financial situation. Investment News recently surveyed a few advisors for ideas […]

The Changing View of Retirement

July 13, 2011

In my book, The New Rules of Retirement, I said that retirement was changing and Americans needed to change with it. I’m pleased to see that is happening. Americans approaching retirement age are changing their view of what retirement is and what they’ll do during it. The latest evidence is the current version of a […]

Lessons You can Learn from Zsa Zsa Gabor

July 12, 2011

The celebrity who was among the first people famous for being famous now is in her 90s and in poor health. She’s had multiple spouses, so she has at least one child at odds with Zsa Zsa’s current husband over Gabor’s wealth, while Gabor still is living. You can learn some of the details here. […]

What Should have Happened – Part 2

July 12, 2011

You really should read the article about Sheila Bair in The New York Times Sunday Magazine, as I said in an earlier post. Here’s another quote from the article that I believe encapsulates what was wrong with all the government actions during the financial crisis: As she thinks back on it, Bair views her disagreements […]

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