Coronavirus Infects Stock Market: Part LVI “Requests for driving directions on Apple Inc.’s Maps app are back around mid January levels, while data from Dutch location technology firm TomTom International BV show traffic congestion gradually climbing in some late U.S. cities, though it is still down substantially from March levels in many,” reports the WSJ. But after this weekend’s riots, who is in a rush to visit a city? The future of the city is on the rocks. Blue state governors and mayors have gone wild. They’re a fiscal mess. Consider the self-inflicted wreckage of mismanaged … [Read more...]
Where to Live in Retirement? I Got You Covered Baby!
Coronavirus Infects Stock Market: Part XLVII You worry about where you live in retirement. I get it. You hate the idea of leaving your kids behind. I’m here to tell you: Don’t despair, they’ll visit! But if social distancing is your concern, consider snowy Maine or New Hampshire in January. You might see a bear or two, but they’ll be back asleep before you know it. You’re going to love your new-found freedom. Thumbing through my 2020 copy of the Traveler’s Guide to the Firearm Laws of the Fifty States, Maine stands up strong. Want to drive a gun to your home? Fine. Just be sure to leave … [Read more...]
You Owe it to Yourself to Continue Doing What You’re Good At
Coronavirus Infects Stock Market: Part XLVI Clients of mine on the West Coast, we’ll call them Rock and Tess, sold their business a number of years ago. They were in their early 50s. Rock could care less about money. Tess handles that. Rock fixes things. Rock can fix just about anything mechanical. Rock is still working. He doesn’t need to. But Rock loves his work. He continues to do what he loves to do. In speaking with Tess this week, I remind her that a j-o-b is one of the most valuable assets in the world today. If “retirement” can wait, why not let it? I tell her … [Read more...]
Your Retirement Life: Follow the Rules, Lockdown the New Norm
You’re seeing firsthand how the cure is worse than the disease. When governors go wild we all suffer. Take Newport, RI for example. The beaches are closed, but the Cliff Walk is open. The Cliff Walk is narrow. It’s impossible to social distance on a five-foot wide path. Now, there’s a huge sign (like the ones you see on the side of a highway) flashing: “Face masks must be worn.” Who are they protecting? In New Hampshire, the Appalachian Mountain Club is closing its hiking huts for the season. The parking lot to the popular Diana’s Bath trail is closed. The Newport Folk and Jazz festivals … [Read more...]
Your Retirement Life: Investing After Coronavirus
Coronavirus Infects Stock Market: Part XXX Some thoughts as you second guess your retirement (or your spouse does for you). The late Richard Russell, in remembering the Great Depression: The most valuable asset you have is a J-O-B. (You know RR from Rich Man, Poor Man, an all-time favorite of mine.) Russell knew the pain when his father was jobless; losing confidence and self-worth; remembering a job does a lot more than just provide money. Our loudmouth governors will not be able to keep Americans indoors forever: Don’t Tread on Me. Make it your job to get out of debt. The … [Read more...]
Your Retirement Life: The Importance of Our Getaway Cars
When you want to get away from it all; a client reminds me of the importance of our getaway cars, as shown recently in the Grand Tetons. … [Read more...]
The Most Charming Small Towns in New England
You want to look for a better America for yourself in retirement. Finding a small town can be just right for many retirees who want to slow down and take things easy. The Boston Globe has rounded up a list of the best small towns in New England, including ten that just might be the right place for you. Here they are: A town in Massachusetts made famous by Norman Rockwell is the most charming small town in America, according to Big 7 Travel. Stockbridge in the Berkshires ranked No. 1 on the travel website’s list of 50 most charming small towns in America, released earlier this month. … [Read more...]
Escape the City: Live Small, Cheap, and Safe in America
After decades of urbanization, Americans are beginning to rebel against the "bigger is better" mentality of city-living. Seeking a smaller, more affordable, sustainable, and secure lifestyle, some are venturing out from the mega-cities in search of a different life. A number of techniques have become popular in an effort to save, especially scaling down the size of one's home. Living small and saving big is even better when it's coupled with living in a state that treats you more like a human than an ATM machine it can withdraw money from. Carey L. Biron explains this trend at Thompson … [Read more...]
Your Retirement Life: Living Small and Saving Big
One of the first things you notice when moving from a high-tax coastal blue-state to a low-tax red-state is how much farther your money goes. You can buy a bigger house for example, but you don't need to. I’ve been following the small house movement for years and I enjoyed this piece written by Katherine Roth for the AP on finding one the “right” size. She writes: With the current trend toward de-cluttering and downsizing, there are plenty of books about how to winnow down possessions to the few that are truly necessary and loved. This book shows how you can live well once that’s … [Read more...]
Don’t Let Your Retirement Dream Community Become a Nightmare
When it comes to your living situation in retirement, there are developments (literally) that may turn your idyllic retirement community into an “anywhere in the USA” suburb. As liberal states like California, crush the middle-class, neighboring states such as Idaho, and towns west of Boise like Star, pick up the slack, explains Dan Frosch in the WSJ: Over the past nine years, Star’s population has doubled to more than 10,000. Most of the growth has come from people like the Turnipseeds who uprooted from the West Coast to the greater Boise area—known as the Treasure Valley—drawn by the … [Read more...]
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