Category : investing

One Million Cups Presentation – Kansas City

In the event that you set your alarm clock for PM instead of AM, and you missed our early morning presentation at One Million Cups, here it is!

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As much stock as you can handle…then some more

We at blooom are occasionally asked why the recommended allocation from our proprietary glide-path includes (what seems to be) a rather heavy mix of stock funds over bond funds. Their question often stems from what I call the “Good Morning America” or “one-size-fits-all” allocation advice which carelessly recommends that you allocate the same percentage to bonds vs stocks as your current age. For example, if you are 33 years old – taking that advice for your 401k would mean you would allocate 33% to bonds within your portfolio. I am sorry, but when it comes to your 401k retirement savings – we think it is ludicrous for a 33 year-old (with possibly 25+ more years before retirement) to allocate 1/3 of their portfolio to an asset class that will most likely provide ZERO real return over the remainder of their working years.

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Widen the gap between your last day of work and your last day on planet earth

Chris and I have successfully helped over 400 families enter retirement. Some of those folks continue to live a wonderful and fulfilling retirement. Unfortunately, some only had a brief time to enjoy their retirement.

You see, once in a while a client will have an unexpected illness fall upon them. Unfortunately it’s happened a number of times, and as recently as a few months ago to a great client. We’ll call him Joe. He retired at age 65. By age 67 he’d passed from lung cancer. Thirty-five years of working towards two years of retirement.

By now you might be asking what this could possibly have to do with blooom and 401k help…fair enough. Here is your answer:

I find myself asking the question, if blooom had been around for Joe 30 years ago, would he have been able to retire at age 55? If so, he would have had 12 years of retirement versus 2 years. What could Joe have done with those extra 3,650 days/87,600 hours/5,256,000 minutes of retirement? Would he have made it to more of the grandkids’ soccer games? Would he and his wife spent more quality time and moments together? How many more lives would he have touched at his church or in his community? Hauntingly and unfortunately, I think he might have accomplished more.

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What Investing and Ice Cream Have in Common

I love ice cream.

My wife doesn’t love that I love ice cream, nor does my doctor. But it is my guilty pleasure and I love it.

In fact, if I was to walk into a grocery store and find a half gallon of Breyers’ chocolate ice cream on sale for $2.99 (normally it costs $5.99), I would load up the shopping cart from top to bottom and buy as much of it as I possibly could. Then I’d text my friends, shoot out an email and post a notice on Facebook about the great deal I found. After all, that’s a 50% savings!

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