You don’t need an EarthRoamer to see America. But it would be cool if you had one. Imagine where you could go. Save your money, learn a few tricks from the experts, and create your own expedition. What are you waiting for? … [Read more...]

If you haven’t constructed your bond portfolio yet, then what are you waiting for? Once you’re in your 50s, the time has come to own some bonds. Consider bonds your anchor to windward. Determining how much you, not your neighbor, needs in bonds is a most personal equation. Only you and your spouse and hopefully your advisor know the right mix for you. Period. Unfortunately, those well into their golden years who put off bonds paid a devastating price in the two stock market crashes so far this century. So what are you waiting for? Imagine how you’ll feel in the third stock market … [Read more...]

You can thank low interest rates for the temptation to seek higher returns. Don’t think for a minute that risk/reward no longer applies to you. Like gravity, it’s always there, even if you can’t see it. Unfortunately it’s never fair when those with good intentions get burned. But it happens all the time. In The Wall Street Journal, Jean Eaglesham reports on a scam that duped investors for $100 million. She writes: Scott Kohn, a 64-year-old felon, ran a company from a Nevada strip-mall mailbox that investors claim took them for more than $100 million in losses. Mr. Kohn’s company, Future … [Read more...]

There’s a couple of ways to get in to the International Tennis Hall of Fame: Dedicate your life to the sport and realize incredible success or, cross Bellevue Avenue from my office and enter the historic complex by foot. This week, as is tradition following Wimbledon, competitors are in town for the Dell Technologies Hall of Fame Open. It’s a wonderful time to be in Newport for players and fans alike as both mingle about town enjoying what Newport has to offer. If you’re a tennis fan and have questions about your investments, swing by for some coffee before heading across the street for the … [Read more...]

Here’s a wonderful story about my friend Marty Quadland and the rebirth of his 1972 DeTomaso Pantera: “A Coyote in Wolf’s Clothing,” featured this month in Hot Rod: Following retirement, Quadland realized a dream of his and moved west to the mountains of Wyoming. In preparation, he downsized considerably, selling his SCCA race cars, several motorcycles, and a late-model exotic, and, for the first time, he considered selling the Pantera. His son intervened, however. “I saw the look on my son’s face when I told him I might sell it,” he recalls. “He thought the Pantera would be his someday. I … [Read more...]

As Americans near retirement, they are always looking for ways to maximize their savings. At the top of the list of options is avoiding punitive taxation at all levels. There isn't much most people can do about federal taxes (other than vote), but Americans are gifted with a choice of 50 states and a handful of territories from which to choose where to live. I have been encouraging Americans to explore their options when it comes to retirement. Many states have made Right to Work the law of the land, preventing unions from forcing employees into donating to the union's pet political causes. … [Read more...]

If you are like many soon-to-be-retirees in America, you're looking forward to getting away from your cold, northern, probably-high-tax state and settling down in retirement in a southern locale with low taxes and warm winters. But, how can you know where you'll like it best in your Golden Years? (for information on choosing a low-tax state, see the Richardcyoung.com Liberty & Freedom Map here). Last month I encouraged you to do some A/B testing. Live short-term or spend a vacation in some of the places you'd potentially move to during retirement. Without actually staying there for a … [Read more...]

You want to make sure your retirement plans are right for you. As I wrote to you yesterday, testing or experimenting by actually living in your chosen destination, for at least one season makes sense to me. You could also see what it’s like to be retired by taking a prolonged vacation. Put yourself in that retirement mindset. In other words, you are in charge of your retirement. It’s no secret retirees are moving to places where their money is treated with respect. But it’s beginning to become pretty crowded in certain spots. Take Nashville, TN for example. Cameron McWhirter reports at The … [Read more...]