After announcing that he would introduce new tariffs on imported steel and aluminum, the President tweeted “Trade wars are good”…investors are not so sure. While some would argue that Trump is just making good on his promise to level the international trade playing field, others are concerned that this potential action will hurt the US economy and more importantly, trigger a trade war that could result in the next global recession. You know it’s serious when the Wall Street editorial board called the tariffs “the biggest policy blunder of his presidency”!

BlogMark TalercioMarch 4, 2018Trump, trade war, trade wars, tariff, tariffs

Lessons from Warren Buffett

Warren Buffett just released the 2017 Berkshire Hathaway shareholder letter, an annual
missive that is part performance review and part market wisdom, often offered with a
healthy dose of humor and a few jabs at the financial services industry. (One of my
favorites: “When trillions of dollars are managed by Wall Streeters charging high fees, it
will usually be the managers who reap outsized profits, not the clients.”)

BlogMark TalercioFebruary 24, 2018Warren Buffett, Berkshire, Berkshire Hathaway, WarrenBuffett, #ASW18, America Saves Week

Inflation-Proof Your Life

Worries about rising inflation have spooked stock and bond investors. As a reminder, inflation occurs when the prices of goods and services rise and as a result, every dollar you spend in the economy purchases less. The annual rate of inflation over from 1917 until 2017 has averaged just over 3 percent annually. That might not sound like much, but consider this: today you need $7,272.09 in cash to buy what $1,000 could buy in 50 years ago.

BlogMark TalercioFebruary 14, 2018401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews, tax, taxes, HSA, rollover, rollovers, Wall Street, Wall St, investor, backdoor, inflation, commodities, REIT, REITs, bonds, investors

Stock Market Correction: What to do Now

We knew that a stock market correction was coming, but why then did everyone seem so shocked when it arrived on Februarys 8th? Corrections, defined as 10 percent drops from the recent highs (January 26th), usually occur every year or so. Until last week, it had been two full years since the major US indexes had corrected. In other words, we were overdue for a drop.

BlogMark TalercioFebruary 11, 2018401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews, tax, taxes, HSA, rollover, rollovers, Wall Street, Wall St, correction, bull market, bear market, Dow, Dow plunge, investor, retirement plan, retirement planning

Tax Prep 2018

Tax season opened on January 29 and the IRS expects more than 155 million returns to be filed this year, of which more than 70 percent should receive a refund. Once again, due to a Washington DC holiday (Emancipation Day), the filing deadline is delayed. Procrastinators, mark April 17th, rather than April 15th as your drop-dead date.

BlogMark TalercioFebruary 8, 2018401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews, tax, taxes, HSA, rollover, rollovers, Wall Street, Wall St, tax prep, tax tips, IRS, tax season

10 Questions to Ask a Financial Professional

My Ten Questions to Ask a Financial Pro:

BlogMark TalercioFebruary 5, 2018401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews, tax, taxes, HSA, rollover, rollovers, Wall Street, Wall St, advisor, financial advisor

Stock Market Plunge: What to do?

Stock investors are coming off the worst week in two years, leading to the inevitable question: What should I do when the market drops? The answer for long-term investors is clear: nothing.

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Good News for the Economy is Bad for Stocks

In the topsy-turvy, bizarro land of Wall Street, sometimes a bit of good news about the
economy can be bad news for investors. The economy added 200,000 jobs in January,
higher than last year’s monthly average of about 170,000. The unemployment rate
remained at a 17-year of 4.1 percent; and perhaps most encouraging, annual hourly
earnings jumped by 2.9 percent, the fastest pace since the recession. (The figure does
not include special one-time, tax-related bonuses that have thus far helped about two
percent of workers.)

BlogMark TalercioFebruary 3, 2018401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews, tax, taxes, HSA, rollover, rollovers, Dow, Dow plunge, AAA, Wall Street, Wall St, stock, dowplunge

Work Longer

Five years ago, I wrote an article that warned not to place too much emphasis on the
ability to work longer to fund retirement. The risk was abundantly clear: just because
you want to keep toiling, does not mean that you will be able to do so. For some, there
will be physical limitations and for others, there may not be a job. That’s why nudges
like me encourage you to diligently save during your working years.

BlogMark TalercioJanuary 29, 2018401k, Roth, IRA, retire, retirement, finance, invest, investing, investment, money, cash, debt, podcast, CFP, Betterment, fiduciary, Schlesinger, JillSchlesinger, mortgage, credit, 529plan, 529, financial aid, financialaid, stocks, WSJ, WallStreet, WallSt, career, network, networking, savings, annuity, annuities, personalfinance, personal finance, Vanguard, studentloan, student loan, FAFSA, Equifax, college, CBS, CBS News, CBSNews, tax, taxes, work, work life balance, work longer, work hours, retire early

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