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
purchasing power
What Happened to the Good Old Days of Pensions?
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?
Retirement, Risk and Return
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
Our Longevity and Purchasing Power
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