Skip to main content
Home Working together to build your tomorrow

Fear of the unknown at retirement age

<p>My wife often asks why I waste time reading “Dear Abby.” She just doesn't appreciate how much it has made me a better person over the years for having applied some of the advice to myself. For example, a letter from a woman last week struck a responsive chord when she said that she had tried to retire but then found herself unhappy with nothing to do. So she went back to work at age 70 and worked for three years before quitting for health reasons. Now recovered, she’s ready to go back to work again, but her husband wants her to quit for good.

A glimpse into the future

Unlike Mad Magazine’s Alfred E. Newman, I've worried all my life and nothing really bad has gone wrong, so it’s a system that has worked for me. Therefore, in a week during which the Dow Jones Average hit an all-time high, I’ll throw a wet blanket on everyone’s irrational exuberance as follows: An economy continuing to grow steadily leads to overheating, inflation and higher interest rates sooner or later. The best guess of people who study business cycles is that we have, perhaps, until the end of the decade to enjoy what promises to be a world-wide economic boom.

Time for the torches and pitchforks

My recent column on High Frequency Trading talked about the President Clinton veto of a law that would have made it harder to initiate class action lawsuits and harder to prosecute individuals within corporations that effectively lied about their company’s financial condition. I was wrong about the year which I said was 2007. It was, in fact, the Private Securities Litigation Reform Act of 1995.

Revenge of the Nerds Thwarts High Frequency Traders

Walking around on what were perfect fairways at the Masters, a golf tournament in Augusta, Georgia, I learned that beneath the grass everywhere were perforated pipes connected to giant underground electric pumps. The system, which can sometimes be heard thrumming deep underground, sucked rain water down through the turf and left the fairways bone dry within hours after heavy storms.

Thirty or Under? Compound Interest Analysis Avoids Wasting Youth

I remember an old cartoon in the “New Yorker:” An older middle-aged man sitting in his armchair is saying to his spouse, “You wish we were rich? You should have mentioned that to me 40 years ago.” The point, of course, is that it’s easy to accumulate assets if you start early in life. To avoid having youth being wasted on their young, parents might consider sharing the following:

How to choose the right financial adviser

At what point might someone need a financial adviser? It depends largely on what we sense our particular weakness to be. Depending on the amount of money under management, a typical adviser will be charging, on an annual basis, somewhere between one-half to one full percentage point of assets under management, so with 100 percent certainty, we know that this amount of money will be subtracted from managed earnings -- in good years and in bad.

There're no guarantees in stock market

The financial industry is filling the world with a plethora of products that involve guaranteed returns in a variety of shapes and sizes. Starting with annuities that guarantee a monthly lifetime income, there are a number of new inventions that offer protection against falling stock markets -- products that guarantee, for example, that we will "always get back at least what we had invested originally."

Taking a page from my own book

There's a new book available from Amazon and other vendors both in Kindle and hardback form. It's titled "Roadmap to Retirement Security: How to Build and Conserve Retirement Wealth" by Stephen J. Butler. A promotional blurb on the front cover says, "Considering its subject matter, I found your book to be surprisingly pleasant to read."

Subscribe to