HAHN: Too much truck, house pinch retirement savings
The pandemic has highlighted the fragility of many Americans’ financial situations. We need to start prioritizing saving and self-reliance.
Investing Column
Articles
PETE THE PLANNER: Election uncertainty shouldn’t drive your investing strategy
Whether or not a constitutional crisis–and all the economic and market chaos it would bring–is nigh, it’s impossible to time our exit and re-entry into the markets,
KIM: COVID ‘K train’ further splits haves, have-nots
The letter “K” is a vertical line with two 45-degree lines slanting from the middle, one upward and one downward, and unfortunately it best describes the paths of the economy and stock market.
PETE THE PLANNER: It’s time to step up and help save local restaurants
Many restaurants are in very serious danger of not making it to December. Every dollar you can spend matters.
HAHN: Don’t let election distract you from investing fundamentals
Investment returns are driven by basic economic fundamentals: corporate earnings, economic growth, interest rates and many factors outside the control of any particular administration.
PETE THE PLANNER: COVID could teach us important money lessons
The pandemic is not over yet, nor is the economic fallout, but I do believe Americans’ financial sensibility could conceivably shift in a healthier direction.
KIM: Greed turns day traders’ ‘Kodak moment’ into nightmare
The three-day, $2-to-$60 rocket-ship ride for KODK speculators proved to be short-lived.
PETE THE PLANNER: Time to own up to dubious financial decisions
It’s easy to dismiss financial mistakes with the old, “It made sense at the time.” But here’s the thing; a lot of times, those decisions didn’t actually make sense at the time.
HAHN: Older workers increasingly confronting involuntary retirement
The retirement savings crisis has been growing for several years. The COVID-19 pandemic is accelerating the impact.
PETE THE PLANNER: New grad should pay down loan debt as quickly as possible
Following my first two rules will create an inordinate amount of stress if he were to earn at or below living wage, even if he is living with you and eliminating most of his living expenses.
Mickey Kim: Don’t let partisan political storm crash your portfolio
Your financial future will depend far more on how much you save and invest than on who wins the election.
HAHN: Take time to complete a midyear financial checkup
In addition to my business review, I am taking the time to look at where I am personally.
PETE THE PLANNER: Don’t assume home improvements are an investment
There’s something incredibly practical about putting money into your home, in the right places. The key is to not get carried away by convincing yourself every dollar spent is wise or even an investment.
KIM: To understand stocks’ wild swings, think of it as a ‘Spock market’
Much of the time, investors are rational and the stock market is understandable and makes intuitive sense, But when fear or greed takes hold of the steering wheel, anything can happen.
PETE THE PLANNER: Procrastination can complicate homework—and retirement
Proper financial planning does not require additional work. It requires timelier work.
HAHN: Pursue these steps to increase your earning potential
We all have varying levels of human capital, and our mindset determines how we use and enhance that capital.
PETE THE PLANNER: Don’t repeat mistakes you made after the stock market tumbled
You can’t change your mistake. That ship has sailed. But you can resolve to never do it again.
PETE THE PLANNER: It’s time to buckle down on convenience spending
Self-sufficiency can turn instability into stability by leveraging an abundance of time to save money.
HAHN: Understand the three stages of planning for retirement
In economics, there are only three ways to produce income—land, labor and capital. If you want to stop laboring [retire, reach financial independence, whatever], you need to acquire the other two.
PETE THE PLANNER: Be cautious about planning to sell your business to fund retirement
If you’re going to sacrifice your current retirement plan to save your business, you’d better make sure your business is your retirement plan.