Month: July 2017

A client met with me to discuss his dream of taking an early retirement. As a 58-year-old electrical engineer, Paul made it clear he was tired of enduring constant stress and increased responsibilities at work. His pension and 401(k) plan were finally at levels where he felt confident he could retire early, and on his
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GE’s closely watched cash flow from operations fell 67 percent to $3.6 billion from a year earlier, reflecting the loss of the appliances division, which the company has sold. Net profit slumped 58 percent to $1.34 billion, or 15 cents a share, in the quarter ended June 30, from $3.30 billion, or 36 cents a
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Paul Burns | Getty Images Making sure retirement savings last a lifetime becomes increasingly tricky as average lifespans lengthen. In my view, making your money last can largely be boiled down to five key levers. Three are always unknown: investment returns, inflation and longevity. Unfortunately, current conditions further complicate these unknowns. With stock market valuations
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BlackRock, the largest asset manager in the world, posted second-quarter earnings and revenue that missed expectations. The company posted second-quarter adjusted earnings per share of $5.24 on revenue of $2.965 billion. In the year-earlier period, the company had posted adjusted earnings of $4.78 per share on sales of $2.804 billion. BlackRock shares fell 0.8 percent
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Wells Fargo, the third-largest U.S. bank by assets, easily beat Wall Street expectations with second-quarter earnings of $1.07 per share but revenue was light and shares fell. The decline in the stock price wiped out Wells’ gains for the year. The bank had been expected to show profit of $1.01 per share on revenue of
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Every client is different, and therefore every conversation is different, but there are also a number of similarities. A couple of meetings I had last week demonstrate how similar our conversations can be at times. In two separate meetings with two separate longtime clients, I had the same piece of advice: “Go spend some money”
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