August 2013 Newsletter
Question of the month
The U.S. stock
market continues to climb. How far do you think it will go?
Please let us know your thoughts - e-mail us at info@CognizantWealth.com.
Tips and insights from last month’s blogs
Do You
Really Want to Sell Your Bonds Now?
Last month the Fed announced that it is considering phasing out its
four-year interest rate suppression program. The result was an
unprecedented spike in bond yields – and consequent drop in prices –
together with outflows of some $80 billion from bond mutual
funds. What can we learn from this?
READ MORE >>>
Beware the Fine Print in Your Variable Annuity
I wrote a blog last month explaining why it’s so difficult to get good
advice on annuities, especially the more complex ones like variable
annuities. We’re now starting to see the risks associated with
failing to read all the fine print in that fifty page annuity contract.
READ MORE >>>
Small Business Owners Not Saving for Retirement
A number of small business owners ignore their own future and focus
almost entirely on developing their business. Many view them as
their nest eggs, planning to sell them some day to fund their
retirement. Is this a wise strategy?
READ MORE >>>
CBO Paper Says Don’t Buy Annuities
A working paper published by Felix Reichling and Kent Smetters
concludes that most people should not buy annuities. This is a
controversial finding that is bound to spark significant debate within
the financial services community.
READ MORE >>>
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