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Cryptocurrency: Speculative Fad or the Future of Finance?

Digital money, known as “cryptocurrency,” has continued to gain acceptance, both among speculative millennials as well as institutions. I used to think cryptocurrency was an over-hyped fad that got too much press. Nevertheless, you cannot avoid it anymore. Many people are blinded by the price volatility and their personal biases, but the reality is cryptocurrency …View Article

New Retirement Plan Contribution Limits for 2021

Now that most everyone has filed their 2020 taxes, let’s review how much you can sock away in tax-deferred retirement accounts in 2021 (assuming you still have “earned income”).  The IRA (and Roth IRA) contribution limits remain at $6,000 for folks who are under age 50 and $7,000 for those 50 and above. Many other …View Article

Drivers of Life Satisfaction Among Retirees

This past week, I attended a presentation (via webinar) featuring a prominent retirement researcher, Michael Finke. I made notes on the items I found interesting and want to share them with you. Here they are in no particular order: The single most important factor influencing happiness and well-being in retirement is… Creating and maintaining friendships. …View Article

Life Insurance – Do Retirees Still Need It?

Often retirees own life insurance that they bought many years ago when their needs were different. The purpose of most life insurance policies is to make sure your family will be okay if you are no longer around to earn a paycheck. So, now that you have burned your business ties and thrown your briefcase …View Article

Additional Stimulus Payments: Everything You Need to Know

The big news of the past week is Congress passed the American Rescue Plan of 2021. This is the third stimulus plan since the Covid-19 pandemic began a year ago. This legislation authorizes $1.9 trillion in additional government spending to help households, state governments, educational institutions, and the broader economy. A lot was in this …View Article

Stock Options – How Do They Work?

Wouldn’t it be nice if you could lock in a minimum price that you’ll get when you sell your car a few years from now? The ability to lock in a minimum future sales price (or maximum future purchase price) is not readily available these days for personal use assets such as cars. However, a …View Article

Election 2020: How Will the Outcome Affect Your Portfolio?

Politically, I have always been a moderate. I like some Republican viewpoints and others from the Democrats. This position seems to offend everyone these days. Nevertheless, you may be happy to hear that the stock market will most likely do fine over the next few years regardless of who wins the election. Dire predictions are …View Article

Company Valuations – Why is a Stock Worth That Much?

Ultimately, the value of any item is what others are willing to pay for it. In the absence of government intervention, prices are set by supply and demand. Consumers typically decide what they are willing to pay for an item based on their tastes, preferences, philanthropic values, or sentimental attachment. However, the price an investor …View Article

Debt To Income Ratio: How Much House Can You Afford?

There has been a shortage of homes for sale for the last few years. This is a trend I predicted would get worse back in 2018. My prediction has been correct, and now the Covid-19 pandemic has greatly accelerated this shortage for a whole host of reasons. In July, we had the lowest inventory of …View Article

Reinventing Yourself in Retirement: Rich Rajacich

I wanted to call this post “A Star Is Born,” but I figured that title was pretty much taken. Nevertheless, this story of my friend, and Surevest Client, Rich Rajacich should be an inspiration to anyone who is looking to reinvent themselves. In 2004, Rich was at the peak of his career as an endodontist. ...View Article