A rose is beautiful and we all enjoy them to celebrate special occasions. But roses have thorns — sometimes we can prick ourselves if we aren’t careful. Retirement is just the same. We can enjoy retirement if we hold it just right, but if we refuse to...
Recently I was sitting in a retirement income training class and the four C’s of retirement planning were presented that just made good sense. I have changed the details a little so that they fit the Money Mastery Principles and philosophy, but here you go: First C:...
Ronald Reagan said in 1982: “Inflation is a virus in the economic bloodstream, sometimes dormant and sometimes active, but leaving the patient weaker after every new attack.” Much is said about inflation, but no one seems to know exactly what the rate of inflation...
The following graph shows the impact of inflation on your purchasing power over the last 100 years. Should you worry about this? YES! If you had been retired 10 years and the following expenses all increased significantly, how would you adjust for losing one-eighth...
We have all heard the statement many times, over many years, that even if the stock market takes a dive, it always goes up again. The following graph, which plots the ups and downs of the stock market over a 100-year period seems to support this oft-repeated claim:...
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