Why should we own bonds at all if they are losing value? Let’s start with the basics. Like in sports where each position has a specific role within the team framework, so too should each investment play a unique role in your portfolio. The purpose of some is to achieve high, long-term returns, while others endeavor to outperform in inflationary environments, etc. Historically, one of the main purposes of holding bonds is to add ballast in your portfolio when stocks have significant declines.
For those of us looking to outpace the twin threats of inflation and taxes and see our money grow over the long haul, there’s no prudent alternative to stocks for the great bulk of our investment portfolios.
Over the last 20 years, the divorce rate among people age 50 and older has doubled.1 Getting divorced later in life presents unique financial challenges, one of which is determining eligibility for Social Security benefits. The following rules apply to the division of Social Security following a divorce.
Many Americans find that years spent abroad turn out to be the most financially rewarding of their lives.