When the prices of goods and services increase over time, consumers can buy fewer of them with every dollar they have saved. This erosion of the real purchasing power of wealth is called inflation. Inflation is an important element of investing. In many cases, the reason for saving today is to … [Read more...] about The Impact of Inflation
Retirement Issues
Finding Meaning in Retirement
Awhile ago, I sat down with Veronica Dagher of the Wall Street Journal (WSJ) to discuss issues that we will all face in retirement other than the financial issues. Dan Crimmins - Crimmins Wealth Management, LLC Here are a few ways folks can prepare for some of the non-financial … [Read more...] about Finding Meaning in Retirement
What is Old? – AARP Video
This is a video post which was produced by AARP formerly the American Association of Retired Persons, which is a United States-based non-governmental organization and interest group, founded in 1958. In this video, they ask Millennials "what age is old" and to my dismay I am consisted old. Then … [Read more...] about What is Old? – AARP Video
Robert Merton Interview – Video
This post is a video post. The video is an interview with Robert C. Merton who is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management. Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for a new method to determine the value … [Read more...] about Robert Merton Interview – Video
Sundays and Retirement
I was fortunate to begin my professional career working at MetLife in New York City. The ability to secure a job after graduation was not easy and I was thrilled to be able to go into the city and begin my career. Now I won’t lie, I had visions of Mary Tyler Moore with a fashionable apartment and a … [Read more...] about Sundays and Retirement