We’re in the middle of what is, without a doubt, going to be one of strangest years in my almost-68-year lifetime. Six months ago, I didn’t think anyone would’ve believed everything that has transpired if you told them. A coronavirus pandemic, quarantines, shutdowns, record unemployment, stock market crashes, and extreme social unrest—all happening during a…
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The Growing Federal Debt and Your Investments
With the COVID-19 pandemic came unprecedented levels of federal spending. As a result, the national debt has reached $26 trillion, and the Congressional Budget Office predicts that the federal deficit for 2020 will hit $3.7 trillion. The government has been borrowing money from the taxpayers for various purposes related to the economic crisis precipitated by the national…
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Out of the Stock Market? Now What?
For older workers starting to think about retiring, or already in retirement, the economic turmoil the coronavirus pandemic triggered caused reactions similar to what many felt just over a decade ago at the start of the “Great Recession.” In 2008, the stock markets lost nearly 40 percent, accompanied by steep declines in real estate. The…
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Redeeming Stewardship Failures
Financial crises have a way of revealing the weaknesses, and sometimes failures, of our stewardship practices. As renowned investor Warren Buffet humorously once said, “Only when the tide goes out do you discover who has been swimming naked.” The 2008-2009 recession showed American’s overdependence on debt, especially real estate mortgages. Many were house rich and…
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