I had a newspaper delivery route when I was 10 years old delivering the “Long Island Press” - a now defunct newspaper. I had a sting ray bike with baseball cards in the spokes and because I delivered everyday without fail, the kickstand wore out. So as I pedaled, my pedal would constantly hit the … [Read more...] about Retirees Nemesis: Inflation
My father worked very successfully for 30+ years at one company - MetLife Insurance Company - as was common for many of his generation. My mother now receives a monthly pension check from MetLife due to my Dad's productive working years and she will receive a pension check for the rest of … [Read more...] about What Happened to the Good Old Days of Pensions?
If investors could take no risk and still maintain the lifestyle in retirement, why wouldn't all investors just invest in T-Bills? David Booth, CEO of Dimensional Fund Advisors (DFA) That is because investors understand the risk of purchasing power. The Risk of Purchasing Power deals with the … [Read more...] about Retirement, Risk and Return
In ancient Roman times, there was an elder by the name of Cato who said: Cessation of work is not accompanied by cessation of expenses This applies today even more so than it did back then. Even if you were a member of the wealthy class during Roman times, the average life expectancy was age … [Read more...] about Our Longevity and Purchasing Power