We are still in January. Companies are publishing their outlooks. Vanguard published its economic and investment outlook. It’s a 10-year outlook. Summarizing won’t do justice to so many beautiful charts.
Will they prove true if we look back 10 years from now? It won’t matter at that time. Companies still produce them. We still look at them, because we all want to know the future.
I also read these interesting articles this week:
“Dewey defeats Truman” and other follies in forecasting by Fran Kinniry at Vanguard Blog for Advisors
The chart for how many years stock market returns fell outside the range of -10% to +20% is very interesting. I hope 2014 will be one of them, on the positive side, of course.
My Retirement Fears by Darrow Kirkpatrick at Can I Retire?
Darrow retired at age 50. I’m planning to do the same in a few years. He shared his worries. Some of those will be my worries too.
Understanding and Managing Investment Risk – Part 1 by Paul Merriman at Sound Investing (podcast)
Paul Merriman retired as a financial advisor. Now he’s devoted to educating the public. Good for him. I recommend his podcast.
Broker price scramble kicks off by The Accumulator at Monevator
UK banned hiding broker commissions in fund products. That’s the way to go. Putting charges in the open is the first step for any real competition. When will we have it on this side of the pond?
Easy Annual $240 Bonus with Santander Bank Checking by Ken Tumin at DepositAccounts.com
I have the extra20 package. I just haven’t had time to write about it. Be forewarned it requires some patience during setup. Once it’s set up, it works as advertised.
Buy I Bonds now, or wait until later in 2014? by David Enna at TIPS Watch
David decided to buy now, only after buying PenFed CDs first. I will wait, maybe even skip 2014, if other alternatives are better than I Bonds.
Credit Monitoring for (Possible) Victims of the Target Hack by Michael at Financial Ramblings
Anybody can sign up for free credit monitoring for one year at Experian courtesy of Target. I don’t want to bother with getting upsells and renews. It’s just me. Go ahead and sign up if you are concerned.
S Corporations, Health Insurance and Obamacare by Steve at Evergreen Small Business
I’m still not clear how the premium subsidy works with the self-employment health insurance deduction. Maybe you will have to choose one between the two? We will have to wait until 2014 tax forms and instructions come out.
Greatest Hits Part 2: The Bond Market by Wade Pfau at Wade Pfau’s Retirement Researcher Blog
Professor Pfau followed his post last week with the > 50% inflation-adjusted hit on the bond market. Oh boy. Take a deep breath before you read it.
Why Most Financial Planners Will Soon Be Forced To Lower Their Minimums by Michael Kitces at Nerd’s Eye View
I hope that’s the case because I believe the average investor should use a good advisor.
Having Your Savings In Cash Isn’t a Plan by Scott Burns at AssetBuilder
A 59-year-old kept her $436,900 retirement account in cash for the last five years. She should use an advisor.
Conservative age-based funds in college savings plans serve up surprise losses by Brent Hunsberger at The Oregonian
This article prompted me to update and re-publish my article about the Colorado 529 plan. Another one on the same subject is coming next week.
11 Ways Your Social Security Benefit Calculation Can Shortchange You by William Baldwin at Forbes
And there’s little you can do about it. My solution is to retire early and bring your average earnings down.
Paper Or Plastic: How Americans Buy Stuff, In 1 Graph by Quoctrung Bui at NPR Planet Money
You’d think credit cards dominate but see how much is still paid by cash and checks.
[Photo credit: Flickr user doraemon]