Jane Brody recently wrote this piece, Thriving at Age 70 and Beyond, for the New York Times that we found interesting, insightful as well as inspiring. Inspired by the book, "70 Candles! Women Thriving in their 8th Decade," Brody highlights the leading questions and topics facing women, in particular, as they age. Brody's insights as to the way the first generation in which huge numbers of women who have had careers, have approached retirement, is thought-provoking. CCM advisors place a great ... [Continue Reading]
Articles and resources related to Financial Planning.
The final ruling from the Department of Labor (DOL) on the long awaited regulations requiring advisors to act as "fiduciaries" was announced last week. The ruling basically elevates the responsibilities of all financial professionals to put clients' interests first and to increase disclosures to better ensure investors are getting appropriate, unbiased, and trusted advice. The document itself is quite long and complex - 1,200 pages. While it will take time to fully digest, we do already know ... [Continue Reading]
Even though today’s market is rebounding significantly as I write, it is still important for us to address the topic of all of the recent volatility. For global stock market investors, the news so far in 2016 has been marked by negative returns. As even the most successful investors realize, negative stock market returns are to be expected from time to time—as often as three years out of every ten. For the US stock market, as measured by the price of the S&P 500, 2015 was the first ... [Continue Reading]
Whether they articulate them or not, most people have goals and aspirations. They could be anything from athletic, to social, to spiritual, or even investing. An explicit set of metrics is not necessarily required to determine whether or not you have reached your goal, but it when it comes to investing it certainly merits a dialogue to truly understand the path you want to be on. At CCM, we work with clients to help them articulate and achieve their goals, from which specific plans are set in ... [Continue Reading]
Investing is of course an important component of the retirement puzzle, but getting great returns on your portfolio is not enough alone to be well situated for retirement. The mix between three key variables and having the discipline to control these variables is integral in a successful retirement strategy. These three variables are return, risk, and cash flows. Cash flows are not brought up nearly enough in retirement planning, although without intelligent spending the future is bleak. In the ... [Continue Reading]