Wealth and Wisdom: Week of October 4, 2021
It’s a hot topic these days. With volatility on the rise of late, investors seem to be bracing for a market correction, or perhaps something worse. I even wrote about it recently in a blog entitled Preparing for the Next Downturn. But if you know what to expect and have a plan, you might find it easier to handle.
And remember that whatever happens – and when – we’ll be here to help you through it.
Have a great week – and welcome to Red October!
Corrections and bear markets by the numbers
Market pullbacks happen with about the same frequency as leaves changing color – so why all the angst? (Reading time: 4 minutes)
Married men more likely to panic
New research shows that it’s not women investors or millennials who are most likely to sell stocks during a downturn. (Reading time: 3 minutes)
What about retirees?
The stakes are higher if you’ve stopped working – but there are some simple ways to protect yourself. (Reading time: 5 minutes)
‘Buying the dip’
What would happen if you only bought stocks after they fall? (Reading time: 7 minutes)
IRA tax changes are a sore subject
Some in Congress want to change the rules for investing in IRAs – and it might impact more than just the ultra-wealthy. (Reading time: 6 minutes)
Start your holiday shopping now
Supply-chain issues and shipping delays this year mean it’s not too soon to get started. (Reading time: 4 minutes)
Is ‘buy now, pay later’ a good thing?
Retailers let customers spread payments – interest-free – over months or years. Do we really need another incentive to live beyond our means? (Reading time: 4 minutes)
3 reasons not to give up on Social Security
Yes, it’s paying out less than it’s taking in – but that doesn’t mean the Social Security system can’t be fixed. (Reading time: 3 minutes)
Don’t ignore spousal IRAs
Non-working spouses can contribute just as much to an IRA each year as their working spouses – but it hasn’t always been this way. (Reading time: 4 minutes)
Mike’s Pro Tip of the Week
Rule of thumb: When a major appliance stops working, replace it if it’s more than eight years old, or if the repair costs more than half of what a new one costs.
Words To The Wise
“Do you know what investing for the long run but listening to market news every day is like? It’s like a man walking up a big hill with a yo-yo and keeping his eyes fixed on the yo-yo instead of the hill.”
Alan Abelson
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