This past weekend Jack and I were playing T-ball in the back yard. He was getting some good contact with the ball, but as most 3 year olds do, he kept twirling in circles after he hit the ball so he rarely got to see the result of his effort. "Keep your eye on the ball" is likely among the most common advice given in sports.
With some of the recent media reports regarding social security and interest rates, you may feel like your head is still twirling in circles, or inclined to take your eye off the ball. The ball being your individualized financial plan of course. There are a multitude of ways to file for social security, as well as benefits and drawbacks to what age you file. I'm happy to discuss what strategies may be appropriate for you, and what concerns we need to monitor.
Secondly, there is a lot of interest in interest rates. The inverted yield curve, while not preferable, is also not the only data point we should use when analyzing our economy. With nearly $15 trillion in negative yielding debt around the world, finding reliable income that keeps pace with inflation is becoming of greater importance. I know I beat this drum every week, but this is where Risk Number investing and having a personalized plan can help. I've developed and refined a process to help avoid adding investments that may seem helpful in the short term, only to find out they add uncomfortable levels of risk that may damage your plans progress.
Until next time, keep your eye on the ball and maybe pull out an old statement from a few years ago so you can reflect on the results of your efforts.
Thanks for reading. - Jason
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss.