Personal Finance


When it comes to social media North American CFOs say their companies have focused mostly on the risks so far rather than the opportunities, such as using it to get customer feedback or foster internal collaboration. In particular, they say most of their attention has been focused on establishing policies for employees’ use of social media, providing education on related risks and managing the company’s presence in key social media...

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Last week Don and I sent out a special newsletter that highlighted historical market volatility and average recovery time it has taken the markets to return to previous highs. For example, investors can expect draws down of approximately 10% about once a year. A market drop of 10% is commonly referred to as a “correction”. From the bottom of a correction it takes about 8 months to recover. For this month’s letter I started thinking...

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Since ancient times, the elusive concept of wisdom has figured prominently in philosophical and religious texts. The question remains compelling: What is wisdom, and how does it play out in individual lives? Most psychologists agree that if you define wisdom as maintaining positive well-being and kindness in the face of challenges, it is one of the most important qualities one can possess to age successfully — and to face physical...

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There is a big retirement problem in America, maybe even a crisis. Many working people won’t have enough money to leave their jobs and live in comfort and security. How many are in jeopardy is debatable, but the problem’s existence is not. What’s to be done about it? Strengthen Social Security, certainly. Make it easier and safer to invest in workplace retirement accounts like 401(k)s. Shore up traditional defined-benefit pension...

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Early retirement is again in reach, but the game has changed. Do you dream of leaving full-time work behind at 60 or even sooner? Plenty of Americans do, of course. But the real question is whether you can afford to clock out early. It may require trade-offs, such as moving to a smaller home or picking and choosing your hobbies. Yet it may not be as big a stretch as you think. Here’s what you need to know. You need not fear losing...

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Social Security offers U.S. Government-guaranteed, inflation-adjusted lifetime income.  Having such a guaranteed income is of great importance to most retirees, and it’s important to understand how timing and claiming decisions for Social Security can have an impact on the strategy you employ for drawing from other retirement assets.  Just as you evaluate the investments you hold in your retirement portfolio, you should also review...

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