Often times we believe we have a good idea of how something should happen either because of previous experience or because of a set of supposedly supporting facts or because somebody we trust told us something would happen a certain way. Inevitably, expected outcomes don’t materialize. Some of us may spend considerable time contemplating why …
Month: September 2019
Sequence of Returns
The Risk When nearing retirement and contemplating withdrawal strategies, there are various factors to consider such as timing, amounts and tax implications. While I’m not going to address these particular factors today, I am going to discuss one of the critical risks that all retirees who are dependent upon their retirement accounts to fund their …
The “R” Word
Economists have predicted nine of the past five recessions. If that statement doesn’t make sense to you or appears to be wrong, it’s meant to. The quote is attributed to Paul Samuelson, the first American to win the Nobel Prize in economics. The quip was meant to imply that economists aren’t very good at predicting …