There’s a lot to be learned from the wit and wisdom of Mark Twain. Join us as we discover what he might have to say about our finances.
(Click the featured times below to jump forward in the episode)
First Things First.
- [00:57] – In The News: What’s With The Market Volatility?
- [3:04] – Mailbag: Frank is heavily invested in American Funds. He wants to know whether this is a good idea.
- [5:49] – Mind Over Money: Overreactions To Market Volatility.
- [9:55] – Mark Twain is known for his wit and wisdom. In saying anything is possible, we should consider the stock market’s ability to move in any direction at any time. It’s important to build a diversified portfolio that will weather market uncertainty.
- [10:33] – We’ve all heard the saying that the love of money is the root of all evil. However, Twain’s wisdom would suggest the lack of money leads to trouble. In retirement, it’s important you have enough income to survive until your last day. Without it, you could indeed find yourself in trouble.
- [11:54] – Mark Twain certainly never minced words, and we’ve certainly all witnessed the gridlock in Washington. From this nugget of wisdom you can learn government regulation will influence your approach to retirement planning. As an example, tax rates are currently at historic lows. This means they’ll almost certainly rise in the future. That’s why it’s important to incorporate a tax strategy into your financial plan.
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