Social Security Facts and Data

by Bill Parrott on
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The Social Security Administration is chockfull of data, and its website is a valuable planning tool. Below is some useful information.

  • Sixty-six million Americans are receiving a Social Security benefit totaling one trillion dollars. As a comparison, the US GDP is $25.7 Trillion.
  • Sources for...

Year End Gift Giving Ideas

by Bill Parrott on
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Are you struggling to find the perfect gift for your loved ones? Are you having trouble buying something for the person who has everything? Do your loved ones need another pair of socks, matching pajamas, or decorative hand towels? It can be challenging to buy gifts for others, so here are a few...

Corporate Leftovers

by Bill Parrott on
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It is the eating season – Thanksgiving, Christmas, and New Year's, when there will be plenty of food and leftovers. I love the day after Thanksgiving because I can make a huge turkey sandwich on sourdough bread with guacamole. As we approach the end of the year, you might have corporate leftovers...

Conversations With My Wife

by Bill Parrott on

My wife is wicked smart. She earned her Ph.D. in Gerontology and Public Policy from the University of Southern California. She is a ferocious reader who tackles projects passionately and researches them intensely. Each night we take long walks to discuss various topics and try to solve the world's...

How Much Can I Spend?

by Bill Parrott on
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The market turmoil and volatility are causing heartache for investors, and rightfully so, especially those in retirement. Losing a paycheck after a lifetime of employment is terrifying, but not having a steady paycheck in a down market is even worse. However, we can't control the market, but we can...

Risk Off

by Bill Parrott on

Cryptocurrency exchange FTX is imploding and needs to raise money, and it has halted customer withdrawals as it explores its options.[1] FTX sponsors the Miami Heat Arena and Major League Baseball, endorsed by Tom Brady, Gisele Bundchen, Steph Curry, and Shohei Ohtani. Its bright light attracted...

Stay The Course

by Bill Parrott on

Stay the course is boring financial advice, and people hate it, especially when stocks fall. Doing nothing is challenging; it's hard, and it feels like a cop-out. When stocks fall, clients want action; they want to rearrange the deck chairs and take control of the situation, but it could do more...

Return Expectations

by Bill Parrott on

Growing up, I was a picky eater and tried to limit my intake to peanut butter sandwiches, chips, and M&M's. It worked for several years, but I needed to expand my palate as I grew older. My expectations for fruits and vegetables were low, but I began to appreciate more refined foods as I grew older...

My Client Patty

by Bill Parrott on

I've worked with Patty (not her real name) for the past thirty years. She became a client when I worked for a large Wall Street firm, and in the early 1990s, we developed a rudimentary financial plan that's still working today. Patty is now in her mid-nineties and does not worry about market...

Seven Deadly Sins

by Bill Parrott on

Here are seven deadly sins to avoid as markets pirouette uncontrollably.

  1. Panic. If you panic and sell your stocks, you could permanently damage your long-term financial goals.
  2. Financial Plan. A financial plan provides benchmarks, goals, and targets to keep you focused on your future. If you don...

100 Years of Data

by Bill Parrott on

When will the market recover? When will inflation fall? Will interest continue to rise? These are the three questions clients ask about the current state of the economy. These are reasonable questions, but I don't have any idea. I do have, however, 100 years of data to support my thesis that stocks...

Is Cash A Refuge?

by Bill Parrott on

Cash is a beneficiary when stocks fall, as investors look for peace in large cash balances, especially in a bear market.

The one-month US Treasury Bill is a proxy for cash and is considered the safest investment in the world. It currently yields 2.8%, close to its 96-year average annual return...