In our last article, we looked at some of the causes of the “Great Recession” of 2008 and suggested that there are signs that we could be headed toward a market correction or even a recession based on an over-valued stock market, increasing household and government debt, and rising interest rates. There are differences between 2018…
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10 Years Later: 5 Stewardship Lessons from the “Great Recession”
This month could be considered the ten year anniversary of the start of the “Great Recession.” Most of us will remember the trials and tribulations of the financial upheaval that worked its way through the U.S., Canada, and Europe in 2007-2009. Only in the last few years have we seen a significant recovery in all…
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What Can You Do When An Elderly Parent Is Running Out Of Money?
I recently was asked an interesting question by a church friend concerning his elderly mother. Like many of us, he is a ‘boomer’ and has an 85-year-old mother who currently lives in an assisted-care facility. Her expenses are being paid for by Social Security, a military survivors pension, and long-term care (LTC) policy. Her living…
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Investing for Retirement – Part Three
In Investing for Retirement – Parts One and Two, I introduced a ‘framework’ for investing for retirement and discussed different asset types and holding options, and also active versus passive management styles. Once you make those decisions (or have some idea what you want to do), you’ll need to decide how you want to implement them….
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