Monthly Insights

"Ideas shape the course of history." -John Maynard Keynes

What Emotions Are You Experiencing?

Posted by on Monday, August 1st, 2022 in Monthly Insights | Comments Off on What Emotions Are You Experiencing?

“People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.” – Peter Lynch, American investor, mutual fund manager, and philanthropist In investing, when people say, “It’s different this time,” they are expressing a belief that the market is somehow not going to react as expected.  They might think they can now time the market and will be pulling their money out, because “it’s different this time.” However, here at The Nalls...

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Meet My Aunt IRMAA

Posted by on Friday, July 1st, 2022 in Monthly Insights | Comments Off on Meet My Aunt IRMAA

“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin Everyone’s Favorite Aunt: IRMAA (income-related monthly adjustment amount) Turning 65 is a big milestone.  Many people associate age 65 with Medicare, which typically begins the first day of the month in which you turn 65.  Medicare premiums are either deducted from your social security check (if you are already claiming benefits) or paid directly out of pocket.  Keep in mind, Medicare premiums do not show up on a tax return, so it is...

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Shock and Awe

Posted by on Thursday, June 2nd, 2022 in Monthly Insights | Comments Off on Shock and Awe

“Shock is still fun. I won’t ever shut the door on it.” – Nicolas Kim Coppola, known professionally as Nicolas Cage, American actor and filmmaker The Fed Gears Up for Shock and Awe Perhaps Nicolas Cage finds shock fun, but, since the beginning of the year, investors have likely felt otherwise as the markets have been shocked by persistently high inflation and the question of how the Federal Reserve might respond.  In March, the Fed began with a simple 25 bp (bp = basis points, 1 bp = 0.01%) rate hike in the fed funds...

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The Cost of Long-Term Care

Posted by on Monday, May 2nd, 2022 in Monthly Insights | Comments Off on The Cost of Long-Term Care

“Not all of us can do great things.  But we can do small things with great love.” Mother Teresa – Catholic Saint For many people, it is difficult to think about the possibility of needing long-term care.  According to a recent study by the U.S. Department of Health, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services in their remaining years.  When it comes to planning a safe and secure retirement, long-term care remains a confusing and unaddressed challenge to many people’s financial...

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Rationality Under Uncertainty

Posted by on Friday, April 1st, 2022 in Monthly Insights | Comments Off on Rationality Under Uncertainty

“I take the market-efficiency hypothesis to be the simple statement that security prices fully reflect all available information.” Eugene F. Fama – University of Chicago Economist and Nobel laureate Ukraine Invasion On the evening of February 24, 2022, the world watched as Russia invaded its neighboring country, Ukraine.  The invasion, considered the largest conventional military attack in Europe since World War II, has devastated several Ukrainian cities and caused a humanitarian crisis, as more than 4.2 million Ukrainians have fled the...

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