How Prepared For Retirement Are We?

How Prepared For Retirement Are We?

The American College of Financial Services (The College) has been producing a Retirement Income Literacy Study every three years since 2014. The latest one, completed in 2023 and unveiled two months ago, paints a disquieting picture of the knowledge level of retirees and pre-retirees when it comes to the various sources of retirement income and…
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Is The Stock Market Overly Concentrated Today?

That’s the title of an article that I wrote back in 2020 (https://www.cognizantwealth.com/2020/07/22/is-the-stock-market-overly-concentrated-today/) when the market capitalization of the top ten stocks in the overall U.S. stock market topped 20% (30% of the S&P 500 index). Today the contribution of the top ten stocks has climbed to 32% of the S&P 500’s market cap. The…
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R.I.P. Daniel Kahneman

Daniel Kahneman (Danny to his friends) passed away last month at the age of 90. He was a psychologist and researcher who applied psychology to economic analysis with his close friend and collaborator Amos Tversky. The resultant field of behavioral economics has grown over the years to become an integral part of good financial planning.…
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Is College Still Worth The Cost?

There’s no question that having a college degree increases your potential job opportunities and associated earnings potential. According to the U.S. Bureau of Labor Statistics (BLS), in 2022 the median wages of four-year college graduates age 25 and older was over 60% higher than for workers with only a high school diploma. But the decision…
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Should You Invest After A New Market High?

Now that the stock market has reached new highs again after a dismal 2022, you might be thinking that this would be a bad time to buy stocks since they’re more expensive than they previously were. My recommendation is to buy anyway. Over the past ten years there were almost 260 days in which the…
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Long Term Care Is Becoming a Crisis In The U.S.

Last year the Kaiser Family Foundation (KFF) surveyed about 1,500 adults regarding their financial preparedness for Long Term Care (LTC). The results were sobering. Less than 40% of the respondents were prepared to cover the cost of help with the various activities of daily living (dressing, bathing, eating, etc.) if needed. And only 28% of…
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