The Prudent Retiree - March 2017

“It’s a big old goofy world.”

          -John Prine.

Last week my grandson Beau was born. I also saw the great American singer/songwriter John Prine in concert. He performed one of his oldies but goodies- It’s a Big Old Goofy World. It is! Beau is entering this world at a time when things seem out of control. Terrorism, wars, economic and political strife, social unrest and just simple ugliness all seem to be the order of the day. I couldn’t be happier, though, to have Beau. 

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The Prudent Retiree - February 2017

“Sometimes, listening is the best learning.”


We certainly find ourselves in unsettled times. Investors want to make a cause and effect relationship between the markets and their politics. Often, to their peril.

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The Prudent Retiree - January 2017

“Faith is taking the first step even when you don’t see the whole staircase.”

          -Martin Luther King Jr.

Dr. King made a difference. We are better because of his courage, integrity and vision. A vision he never lost sight of regardless of adversity. It was accomplishment of the goal that mattered, not the tough times. He persevered, though never seeing the whole staircase. Dr. King’s unwavering pursuit of his goal – justice and equality – cost him his life. America has a long way to go, but his bravery made us better.

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The Prudent Retiree - December 2016

“If nominated I will not run,

If elected, I will not serve.”

          -William Tecumseh Sherman

William Tecumseh Sherman was a renowned/notorious Union general during the Civil War. Feelings about him all depend on which side you were on. The same differing feelings have resulted from our recent election. News people are already asking Vice President Biden about his plans for 2020. To borrow some texting shorthand- OMG!

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The Prudent Retiree - November 2016

“Elections Have Consequences.”

          -Barack Obama

Wow. Unbelievable. Shocking. Extraordinary. Donald Trump is the 45th President of the United States. Many are thrilled. Others are terrified. Prudent Retiree believes it is critical to remember that business and the markets carry on. Due to uncertainty, there may be volatility. This is not, however, a harbinger of economic chaos.

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The Prudent Retiree - October 2016

“You Can’t Hurry Love,

You Just Have To Wait.”

          -The Supremes

The Supremes were one of Motown’s super groups in the 1960’s and 70’s. How many women remember pushing their hand out, dancing to “Stop in the name of love”?

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The Prudent Retiree - September 2016

“In the long run, we’re all dead.”

          -John Maynard Keynes

So called Keynesian economic theory is a major driver of government policy. The basic premise is that a stagnant economy can be stimulated by increased spending and debt. Our politicians love that part of the equation. According to Keynes, this explosion of spending will stimulate the “animal spirits” of business, grow the economy and reduce the spending. As we know, our politicians seem to always forget that part. They never reduce the spending. The debate rages on about the deficit and debt. Will our fiscal edifice all come tumbling down?

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The Prudent Retiree - August 2016

“A difference in opinion is what makes a horse race.”

          -Mark Twain

Samuel Clemens, who wrote as Mark Twain, was one of our great authors and a keen observer of our behavior and foibles. He could certainly have been discussing the 2016 presidential election. Many of you have asked- “Is this the best we can do?” Maybe, maybe not, but these are the choices we have.

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The Prudent Retiree - July 2016

“Your best teacher is your last mistake.”

          -Ralph Nader

Ralph Nader is a controversial consumer advocate whose efforts have brought about change. He was the Green Party candidate for president in 2000. Many speculate that votes he won in Florida enabled George W. Bush to win that state and the presidency.

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The Prudent Retiree - June 2016

“You can’t connect the dots looking forward; you can only connect them looking backwards.”

          -Steve Jobs

We all know Steve jobs, the visionary who guided Apple and developed so many products that make our lives easier. Jobs and Apple had rough patches but stayed with a plan. Now, he did not make this statement about investments, but the logic applies. We can’t see into the future. We can look backwards, connect the dots and see how being consistent can be beneficial to retirement.

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The Prudent Retiree - February 24, 2016

“We may encounter many defeats, but must not be defeated.”
    -Maya Angelou

Maya Angelou was a renowned author, poet and civil rights activist. She was born during a time of virulent racism and transcended an early life of discrimination, abuse and family tragedy...

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