Did stocks rebound too far in January? For equity investors, the bounce back from December’s lows was greeted with relief. But sharp corrections upward can have consequences, as Liz Ann Sonders and her team at Schwab explain. If you’re not able to retire as soon as you’d planned, that’s not necessarily a bad thing. Jonathan Clements details three benefits of remaining in the workforce a while longer. A financial plan both spouses understand may be the key to avoiding divorce. Robert Ossers describes how to create a plan and have an open dialogue around the dreaded topic of money.
Schwab Market Perspective: Be Careful What You Wish For — Equity investors have been cheering the sharp rebound seen since the end of last year, with the S&P 500 up more than 16% since the Christmas Eve low. Schwab says they don’t want to be buzzkills, but just like you can eat too much cake with bad results, equity gains that come rapidly after sharp corrections can have consequences as well. We may not revisit the lows seen late last year if a recession remains a 2020 story, but a retrenchment of some of the recent gains seems likely. Read more…
Working Late — We need folks to stay in the workforce longer—for their sake and the sake of the economy. Many of the economic issues we fret about—soaring federal government debt, lower long-run GDP growth, a shrinking Social Security Trust Fund—can all be traced to our not having enough workers producing the goods and services that society needs. But forget for a moment about what society needs. Here are three ways working longer can be beneficial to you. Read more…
Financial Marriage Counseling –One of the leading factors attributable to the high divorce rate in this country is related to the management of household finances. There are a ton of articles on how to plan for divorce, things to gather, how to overcome it and how to make certain that it is equitable. But what is surprising is there is so much less on the way into a marriage or for long-time married couples or couples, which I will call “financially dysfunctional,” to create a plan and have an open dialogue around the dreaded topic of money. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller