Headlines
- Russian Helicopter Shot Down in Syria
- FBI Employee Charged with Lying About Contact with Chinese Nationals
- Europe Losing Track of Child Refugees
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Phases of Retirement: Updating Your Finances for Your Changing Lifestyle
Although many Americans now plan for a retirement up to 20 years, your retirement may last much longer.
Believe it or not, living nearly a century may someday soon be almost commonplace. As a result, rather than thinking of retirement as the final stage of life, a more realistic approach may be to view it as a progression of phases, such as early, middle, and late. This involves taking a fresh look at retiree expenses and income, as well as withdrawal and estate planning strategies.
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The Markets
Here's a brain tickler for you:
- In July 2016, there were four.
- In June 2016, there were 10.
- Since 2008, there have been 673!
What are they?
If you guessed central bank rate cuts, you are on the money. Financial Times reported:
"In the eight years since the collapse of Lehman Brothers, the world's top 50 central banks have, on average, cut rates once every three trading days..."
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By the Numbers
Notes: S&P 500, Gold, DJ-UBS Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized ... more important disclosure mentions found here. (We urge you to read the entire disclosure statement.)
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