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'Order from Chaos' Blog

The Two-Handed Economist: Where do we go from here?

Submitted by OFC Wealth Management on March 29th, 2020

There is a famous quote from Harry Truman that goes like this: 

Give me a one-handed economist. All my economists say, 'On one hand...', and then 'But on the other...'

So let's play two-handed economist and lay out some of the key plusses and minuses of the market landscape. We have just had a historic month with:

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Habits of a Savvy Saving Family

Submitted by OFC Wealth Management on December 9th, 2019

When people warn you that having kids is expensive, it’s no joke. From diapers to food, braces to sports activities the costs add up quick. For a middle-income family in the U.S. raising a child up until age 18, costs an estimated average of $245,340 (or $304,480, adjusted for projected inflation), according to the 2013 “Cost of Raising a Child” report from the U.S.

Tags:
  • savings
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Social Security Facts for 2019

Submitted by OFC Wealth Management on December 9th, 2019

As of December 2018, more than 43.7 million retired Americans collected Social Security, with more than 8 million disabled workers collecting benefits as well. But Social Security is much more than retirement income. Along with providing a small income to millions of seniors, Social Security also provides life insurance as well as survivor benefits.

Tags:
  • savings
  • social security
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Keeping your Personal Finances in Shape

Submitted by OFC Wealth Management on December 9th, 2019

While it’s highly recommended that we use a financial advisor when we start to grow our investment portfolio, there are a lot of things you can do before you ever speak to a financial advisor to grow and maintain your investment portfolio. Investing, like everything else in life, has no guarantees, and even the hottest stock or the best tip may not always perform the way we would like.

Tags:
  • savings
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Start Saving for Retirement Today

Submitted by OFC Wealth Management on March 6th, 2019

It's March already?!?  Time certainly goes by fast. One day you’re interviewing for your first job and the next thing you know you’re a few short years from applying for Social Security.

Tags:
  • savings
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Nothing Grows Faster Than the Average Forever or It Would Become Bigger than the World

Submitted by OFC Wealth Management on May 3rd, 2018

The Date:  Spring, 1985

The Place:  Computer Lab (remember those?), Stanford University Graduate School of Business

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Retirement Income Planning Requires Realistic Spending Assumptions

Submitted by OFC Wealth Management on February 15th, 2018

If you have read any literature on retirement planning or have received advice from a financial professional, chances are you were presented with the 70% rule, the one that suggests that retirees will need between 70 and 80% of their pre-retirement income in order to maintain their standard of living.

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Is a Fixed annuity Right For You?

Submitted by OFC Wealth Management on February 12th, 2018

One of the principal tenets of investing is that no one single investment is right for everyone. Every investment has certain characteristics, risks, and objectives that must match those of the investor, and fixed annuities are no different.

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Understanding Your True Risk Tolerance is Vital to Portfolio Performance

Submitted by OFC Wealth Management on January 12th, 2018

As anyone would have expected, the extraordinary convergence of extreme stock market volatility, low interest rates, declining home values, diminished retirement savings accounts, and chronic economic sluggishness has taken a severe toll on the American psyche. For many investors, it may have forever altered the way in which risk is perceived and managed.

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Archived Blog

  • March 2020 (1)
  • December 2019 (3)
  • March 2019 (1)
  • May 2018 (1)
  • February 2018 (2)
  • January 2018 (1)

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  • savings (4)
  • social security (1)

 

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