In today’s world, newly-minted retirees are being forced to take on risks that their predecessors did not have to deal with. Prior to the 1990s, a retiree could typically count on a guaranteed amount of income from social security and from company pensions lasting until he or she passed away. In effect, the federal government…
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In a recent 2016 investment outlook paper, Joseph Davis, Vanguard’s chief economist, estimated annual global equity growth over the next five to ten years to be in the 5%-8% range, significantly below the 10% average from 1926-2014. He based this expectation to a large extent on lower U.S. and international GDP real growth rates. While…
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Last year I wrote about a strategy involving 529 plans designed to maximize the financial aid a college student could receive (see https://www.cognizantwealth.com/2014/03/10/best-place-to-hold-your-529-plan/). To summarize the original strategy: if you split your savings into two 529 plans, 75% in one owned by the student’s parent and 25% in one owned by the student’s grandparent, you…
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This Thanksgiving (which is tomorrow as of this writing), when you find yourself leaning back from the table after having consumed a bountiful turkey repast, it’s only natural for your thoughts to turn to a historical event that kicked off one of the greatest real estate booms in American history. I’m referring of course to…
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Cliff Asness, co-founder of AQR Capital Management, recently stated on Bloomberg TV, “I used to think being great at investing long-term was about genius. Genius is still good, but more and more I think it’s about doing something reasonable, that makes sense, and then sticking to it with incredible fortitude through the tough times.” In…
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On November 2, 2015 President Obama signed the Bipartisan Budget Act of 2015. With the stroke of a pen he and Congress eliminated some lucrative Social Security (SS) benefits that had been on the books for well over a decade. Here’s a brief summary on what has changed and who can still take advantage of…
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