Oct 27

Choosing a Continuing Care Retirement Community (CCRC) – Advantages and Pitfalls

By Steven Smith | Peak Thoughts

Managing life-stage transitions is an essential component of good financial planning. Late life planning – for a time when you need help with everyday tasks on account of either physical or cognitive decline – can be a special challenge. One increasingly popular choice is the Continuing Care Retirement Community (CCRC), which provides both housing and […]

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Jan 25

4th Quarter Client Note

By Steven Smith | Waypoints

If you would have told me in April when I was writing my 1st quarter client note, reporting 19.6% loss, that the S & P 500 would be up by 18.40% for the year; I would have asked what you were smoking.  At that moment, we were at the beginning of the pandemic and its […]

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Oct 16

DOL Proposed Rule Change Brings Awareness to Sustainable Investing

By Steven Smith | ESG Investing , Financial Lifestyle , Investment Management , Mountain Lifestyle , Peak Thoughts , Wealth Management

The current US Department of Labor (DOL) has a bone to pick with sustainable investing; what is now colloquially called Environmental, Social & Governance or ESG investing. On June 23, 2020 the DOL issued a proposed rule that would limit the use of investments that consider ESG factors in retirement plans subject to ERISA, such […]

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Oct 02

Preparing for Short-Term Election Volatility

By Steven Smith | Financial News , Investment Management , Peak Thoughts , Political News , Uncategorized , Wealth Management

What’s better for investors, Republican Presidents or Democrat Presidents? It’s a trick question. First, because in general, over the long run, it doesn’t matter. While some data correlates Democratic administrations with stronger markets since the end of World War II, there is no evidence of a cause and effect relationship. And this nifty interactive exhibit […]

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Sep 26

Book Review: The Deficit Myth, Modern Monetary Theory and the Birth of the People’s Economy, Stephanie Kelton (Public Affairs, 2020)

By Steven Smith | Money , Peak Thoughts

“Trillions of dollars of debt! This is what Republicans stand for?” Kentucky Senator Rand Paul, reacting to his own party’s proposed stimulus legislation in July. “Now is not the time to worry about shrinking the deficit.” Treasury Secretary Steven Mnuchin, on September 15 2020. “If you elect me, your taxes are going to be raised.” […]

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