How to Approach Volatile Markets

How to Approach Volatile Markets

How to Approach Volatile Markets When managing your wealth, it is important to have a prepared approach for volatile markets. By definition, volatility is a statistical measure of the dispersion of returns for a given security or market index. Volatility can be measured by the variance between returns from that same security or market index. The more volatile the security or index the riskier it usually is. How to Approach Volatile Markets Last year, 2015 was a year of volatility for most market indices (S&P 500, DOW and Emerging and Developed International Markets.) The S&P 500 ended the year up +1.38% and the DOW

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Top Senior Scams of 2015

Top Senior Scams of 2015 People often ask me which scams are the worst. That's easy - the ones that never go away. Top Senior Scams of 2015 Every week we hear from you about the IRS scam. It occupies the No. 1 spot in my book. Crooks who leave cryptic messages telling you that you owe money to Uncle Sam are the worst. They threaten you with going to court, being thrown in jail, or losing your house for not paying income taxes. It's a fraud. If agents believe you owe money, you'll first get a notice in the U.S.

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Tips for Giving Money in Times of Crisis

Later is Too Late

Tips for Giving Money in Times of Crisis Give To An Established Charity Tips for Giving Money in Times of Crisis Don't let an unscrupulous charity take advantage of your goodwill. Find a charity with a proven track record of success with dealing with the type of disaster and in the region in which the disaster occurred. Avoid fly-by-night charities created specifically to deal with the new crisis. Even well-meaning new organizations will not have the infrastructure and knowledge of the region to efficiently maximize your gift. If you do feel compelled to give to a new charity, be sure to

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Why Working in Retirement Is a Smart Move

Why Working in Retirement Is a Smart Move And not just financially! For some people, retirement means exotic travel, days on the golf course, and nights spent feasting on early bird specials galore. But for others, it means busting out a computer or driving into the office to clock in some hours on the job. Why Working in Retirement Is a Smart Move These days, a growing number of retirees are opting to work part-time after formally leaving the workforce. In fact, according to a recent retirement study conducted by Merrill Lynch, about 47% of today's retirees say they either have

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Fed Tightens

Fed Tightens It is hard to argue why the Fed is raising rates at this point in time.   The economy has strengthened to a level where zero interest rates are not necessary.  This is not to say the economy is completely out of the woods; interest rates still remain highly accommodative and nowhere near a “normal” rate which we estimate to be around 2-3%.  The Fed continued to make similar dovish comments today.  They indicate that they will gradually raise rates and wait for additional data on the economy before taking additional action.  “Gradual” was so important, it was mentioned

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5 Smart Moves to Make When Near Retirement

5 Smart Moves to Make When Near Retirement When you're in your 20s, you tend to work hard and play hard. But as you get older and settle down, you may find yourself thinking more about the future and trying to keep everything you've worked for, rather than scrambling to build wealth. 5 Smart Moves to Make When Near Retirement As your attitudes and priorities shift, your investment strategy should evolve with them. So here are some smart moves to make as you inch closer to retirement.1. Max out your 401(k) contributions While the money you contribute to a 401(k)

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Intergenerational Generosity from the Boomers!

Intergenerational generosity: Here come the boomers! During the holidays and especially at Thanksgiving, gratitude is the pervasive theme: gratitude for sustenance, for bounty, for freedom. Gratitude for life itself. Intergenerational generosity from the boomers! Gratitude can beget generosity. Gratitude is often enhanced by the passage of time and the aging process. In fact, increasing numbers of baby boomers who have had successful career s, whose children are grown, and who may have "powered down," will likely prove to be the most generous generation in history. So says Merrill Lynch in a recent research report on giving by retirees. As a group

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Couples risk retirement avoiding financial planning conversations

Friendly Scammers Preying on Seniors

Couples risk retirement avoiding financial planning conversations Couples are putting their plans for a comfortable retirement at risk by avoiding talking to each other about their finances, according to new research. Couples risk retirement avoiding financial planning conversations The research by insurers Prudential found that one in five (20%) couples over the age of 40 has never discussed financial planning for retirement, while nearly two thirds (63%) say they have never met as a couple with a professional financial adviser to discuss retirement planning. Each year Prudential surveys couples aged 40-plus on their retirement aspirations and their attitudes to financial planning, and this

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