Month: July 2018

Do You Need $1,000,000 to Retire?

The myth of needing $1,000,000 in retirement savings resides in the same camp as drinking 8 glasses of water a day–both numbers are widely assumed to be truisms although no one even knows where they originated. How much money one needs for an acceptable retirement is not a one-size-fits-all equation. The answer boils down to …

Irrational Exuberance

Regardless of your political persuasion it’s hard to argue that life isn’t improving these days for most Americans. The recently passed Tax Cuts and Jobs Act plus the administration’s deregulation initiatives have combined to help register the nation’s lowest unemployment rate in 18 years. Black unemployment currently stands at the lowest rate ever recorded. Wages …