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Benefits of Working Longer

This morning I came across an interesting study produced by researchers from The Wharton School, “Working Longer Solves (Almost) Everything: The Correlation Between Employment, Social Engagement and Longevity.”

I’ve always believed that folks who retire should continue to do something productive well into retirement.

Based on my own experiences with retiring clients and family over the years, I’ve long believed continuing some sort of meaningful work into retirement would have a positive impact on retirees’ physical and mental health and longevity. Well, this study confirms that and more!

The study found that working longer produces three primary benefits for older adults:

  1. Financial security
  2. Physical health
  3. Mental health

Continue reading “Benefits of Working Longer”

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Success and Happiness

Please pardon this brief departure from markets and economics, but it’s too interesting and important not to share!

Recently, a client shared the late Jack Bogle’s book, Enough, with me. (Jack Bogle was the legendary founder of Vanguard). It was recommended I start with the last chapter first, which I did dutifully. In that short chapter, Mr. Bogle shares something quite valuable that’s worth sharing here.

Mr. Bogle begins this chapter by quoting Albert Schweitzer, “Success is not the key to happiness. Happiness is the key to success.”

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The Most Satisfying Financial Achievements

I came across this over the weekend and just wanted to quickly share with you.

In my experience, which includes advising on over $1 billion of total client net worth ranging from $100,000 to over $200,000,000 per household throughout my career, I find this list to be pretty accurate. Share this with the young people in your life or anyone else who needs a little motivation to keep climbing the hierarchy towards financial independence!

As a reminder, my primary objective when working with clients to help my clients become and remain financially independent for the rest of their lives. Everything I do and all my advice is aimed at that goal.

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Bull Case and Bear Case for Investing in Treasury Bonds Right Now

Today, I wanted to provide two opposing views of the merits of investing in U.S. Treasuries in today’s environment.

Whenever I make investment decisions for clients, I always try to consider arguments both in favor and against the investment. It’s important to understand both sides of any issue and do our best to remove our own personal biases and emotions from the decision. In this particular case, with regards to U.S. Treasuries, both sides of the argument contain valid points causing stark disagreement among even the most respected managers and pundits. Continue reading “Bull Case and Bear Case for Investing in Treasury Bonds Right Now”