Blog and Podcast

Ep 54: Should You Delay Retiring?

Some 24% of those 56 and older say the pandemic has caused them to push back their planned retirement date, according to a survey conducted by The Harris Poll on behalf of The Nationwide Retirement Institute.

Hear Kevin discuss key variables you should consider as you plan through the COVID-induced uncertainty, including items that may nudge you to retire now and others that result in waiting. Continue reading

Roth Conversion Reconsidered

Chances are you know the difference between a traditional IRA/401k and a Roth. The gist is that contributions to a traditional IRA/401k are pretax but fully taxable upon distribution. Conversely, contributions to a Roth are made after taxes, but distributions … Continue reading

Ep 53: Investing Vs. Speculating Part 2

65% of Institutional Investors surveyed in late June believe the market is factoring in the long-term impact of the coronavirus “too little” while only 5% said “too much,” implying the market is overvalued. Yet, the market has continued to go up. Has it come too far too fast?

Hear Kevin discuss the topic in detail and explain why our brain function predisposes us to make investing mistakes, including blindly chasing investment returns and firmly entering the world of speculation (while abandoning principled and process-based investing). He even attempts to work in stories about Homer Simpson, Halloween, Thanksgiving, and pre-modern man to illustrate his points. Quite a feat to attempt. You won’t be disappointed.  Continue reading

Homer Simpson The Stock Market Speculator

I remember watching the Simpsons when their first episode aired as a Christmas special in 1989. I watched it religiously for years, laughing primarily at and with Homer. A recent article I read triggered a memory of Homer and his … Continue reading

Ep 52: Investing Vs. Speculating Part 1

Investing should be scientific and process-based. Speculating is more akin to gambling and lacking fundamental support. At extremes, it is easier to discern the two but can be shades of grey in between. Hear Kevin discuss the forward-looking nature of the stock market and times why it can make investing sense (not speculating) to look through bad economic news. Continue reading

Ep 51: Case Study: Retiring Before Age 60 & Before You Ever Thought You Would

Hear Kevin share a story of a client who retired in her late 50s. She was in a state of disbelief after her retirement plan showed she could retire in her 50s. The sheer thought of retiring was new and a bit scary.

Be sure to pay attention to the end to hear how things are going for her now four years retired and how she has defined phases and varied strategies to her retirement distribution planning. Continue reading

When Stocks Diverge From The Economy

Do you find it puzzling when a bleak economic report emerges from the press, only to be accompanied by a positive surge in the stock market? Or good news is reported and stocks sell-off?

If you said yes, you’re certainly not alone… Continue reading

Ep 50: What To Do When Your Spending Goals Change After You Retire

You cut the paycheck cord and enter retirement. Then a spending goal unexpectedly increases…significantly. You can’t simply continue to work longer, so what do you do?

Hear Kevin discuss real-life cases where clients had to provide financial support to their daughter going through a messy divorce and another situation where a client desired to buy a 2nd home. Though the situations were starkly different, the process to rework the retirement plan and evaluate tradeoffs was similar. Continue reading

Ep 49: Potential Inheritance: Include In Your Retirement Plan Or Not?

You live below your means and invest for your future … similar to your parents. Now your parents are getting older, and it seems fairly clear they’ll be leaving you an inheritance at some point. Meanwhile you’re still working. Should you include the potential inheritance in your retirement plan?

Banking on an expected inheritance for your retirement plan involves risk. Hear Kevin discuss real-life cases where it was appropriate and another where it was too risky. Continue reading

Why Big Tech Stocks Must Underperform

The combined market capitalization of the five largest stocks by market capitalization — Microsoft, Apple, Google, Amazon, and Facebook — reached 20% of the S&P 500 in 2020. This level of concentration has not been seen since the Technology Bubble in the late 1990s.

Yet, these businesses have proved so successful that there is no way to repeat what they have done. Continue reading