At the end of every year I enjoy taking a look back. As you probably know, I’m a big believer in perspective and investing for the long term. And though our ability to look forward in time is still a work in progress, our ability to look back and gain some perspective is always valuable. So as we wrap up 2017, I want to take a look back at some of the major events that defined the year.
Did you know there’s an 80% chance that a 60-year-old couple will have at least one spouse reach the age of 90?
And about 1-in-10 adults will live past age 95, according to the Social Security Administration. That’s a problem for most investors. Few retirement plans account for such a long period (sometimes more than 30 years!) of time.
So the typical question becomes: what’s going to last longer, you or your money?
If the market dropped 10% during your first year of retirement, how would that affect your income? What effect would a 5-year bear market have on your plans? These are the questions we encounter time after time. Investors want to understand how to protect their retirement from the ever volatile swings of a volatile market, […]
The advisors at Prosperion don’t make short-term market predictions – you see, we don’t have a “crystal ball”. Like you, we aren’t sure when the next market correction (or major upswing for that matter) is going to happen. But we can say with certainty that one will happen… eventually.
The LPL Research team proudly presents Midyear Outlook 2017: A Shift In Market Control. Thus far in 2017, an important shift has taken place in this economic cycle. The Federal Reserve has shown increasing trust that the economy has recovered and that market forces can keep it steady. The gauges say growth engines and market drivers may have changed: power down monetary policy, power up business fundamentals, and potentially take fiscal policy and economic growth off standby.
It’s a fair question and one we’ve heard a lot lately with the DOW and S&P continuing to push into record territory. Our little bull market has grown up and is about to start third grade. We’re due for a correction right?
Today I want to address what I believe is the very core for successful financial behavior – an optimistic disposition.
2016 is a great example of why it is so important to have an optimistic perspective. The optimists “won” and pessimists “lost”… again. Whether attempting to follow financial folklore such as, “as the first week of January goes, so goes the market for the year”, or that saying “sell in May and go away”… speculators who believe in superstition and let it influence their actions are bound to fail.
If 2016 has taught us anything, it is to expect the unexpected. So as we wrap up a rollercoaster of a year, I find myself looking back to three surprises and the lessons they taught us. In the same way the bottom of a cup is revealed only when the liquid is quickly stirred, sometimes it takes a whirlwind of the unexpected to remind us of a few simple truths.
On November 29th, the oldest living person in the world, Emma Morano will turn 117. Based on my research she is the last living person to have been born in the 1800s. While some people might marvel at all she’s seen and been through, I ‘m curious about what she did during her more than 50 years in retirement.
“Elections have consequences and the impact on U.S. economic policy of last week’s election will be enormous. We’re sure we’ll be writing about all of these issues in much greater depth over the next several months, but, for now, here’s a broad outline of what to expect. One of the Republicans’ first tasks will be […]
“We have nothing to fear, but fear itself.”
With those words FDR accepted the presidency of the United States in 1933 during one of the most turbulent times in American history. Lesser known are the words that surround that key sentence.
As a financial advisor I often see clients with regret. For some investors it’s the regret of missing out on big gains. For others, the regret of taking part in big losses.
GREENWOOD VILLAGE, Colo. – Aug. 31, 2016 – Steve Booren, owner and founder of Prosperion Financial Advisors, recently attended LPL Financial’s Focus 2016, one of the financial industry’s premier events and the largest annual conference hosted by LPL, the nation’s largest independent broker-dealer. Booren was among a select group of top-tier LPL financial advisors invited […]
Dividend tax rates are an opportunity for investors. The favored status of qualified dividends means they are taxed at a lower rate than standard income, by anywhere from 10-20% less.
As many of you have undoubtedly heard, regulatory changes are coming to the finance industry pertaining to “fiduciary standards” and the obligations we have as financial professionals with respect to retirement accounts.
Let me be clear: we embrace these changes as we serve as a fiduciary for your money in advisory relationships, just as I believe we always have.
AI raises an important question, especially for any business that offers advice: What can technology do, and what can it never truly replace? I believe technology can provide information, but a good advisor provides understanding.
