Climate change, environment, income, retirement

Climate Change, Sea Level Rise and Retirement Risk

One of the oft repeated risks from climate change is the threat that comes from rising sea levels. Depending on the forecast, even in the most optimistic ones, seas are projected to rise several feet before the end of the century. With the accelerating build-up of CO2 and the rate of temperature increase (2016 being the hottest year on record), many expect dramatic sea level rise to occur much sooner than most expect. (https://www.co2.earth/ )

 

While people might want to buy shore property for benefits that include potential rental income, capital appreciation and personal use, they also face potential risks of hurricanes, sea level rise, etc. Some of these risks can be mitigated by purchasing flood insurance.

 

Last summer I explored the question, “if sea levels rise, what will be the impact on a clients’ net worth and portfolio?”

 

The answer is one few people are willing to confront.

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economy, new economy, protection, retirement, Socially Responsible Investing

Embracing the Future: An Interview with Charlotte Markward

I met Charlotte and her Husband Randy years ago at a Green Drinks in Philadelphia. It was before the days of Tesla, widespread solar power and organic food sections at the grocery store. People got together to share a beer and dream about a future that would be more sustainable. Things have changed a great deal in the past few years.

 

Charlotte is a graphic designer based in Philadelphia. She has agreed to share some of her experiences and insights so that we all might have an easier path to financial security.

 

Charlotte has been interested in supporting socially responsible investing for many years. I asked her what it means to her. Charlotte said, “For one thing it’s smart. We have a finite amount of resources and we are running out of them. To continue doing things in the old ways is to set yourself up for failure. Green investment is where the growth will be.”

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diversity, economy, ESG, new economy, Socially Responsible Investing, SRI

Diversity Matters… Especially In Business

The economy is changing at a rapid pace. Companies in many sectors that have been pillars of the economy have fallen on hard times. Companies that were leaders in industrial America have seen their market cap fall by 2/3rds in the past year. Leaders in retail have closed hundreds of stores and laid off thousands of people. Even technology companies that started off strong in the past 10 years have suffered setbacks in the past year due to corporate governance issues.

 

As technology advances, the challenge for businesses to stay competitive becomes amplified. In the last 3 years, advances in robotics and AI (Artificial Intelligence) have significantly added to the bottom line of companies. That pace of change seems to be accelerating.

 

Learning how to deal with this change is a crucial issue for businesses.

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economy, new economy, Socially Responsible Investing, SRI

‘Be the change that you wish to see in the world’: A Speech to Cooperative Impact 2015, Princeton 5/14/2015

Several years ago, I was asked to give an opening keynote speech to a gathering of social innovation entrepreneurs. The message I think is one that continues to be relevant…

 

We are on the edge of the greatest entrepreneurial revolution in the history of mankind.

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economy, new economy, protection, retirement

Millions of new entrepreneurs in the past few years

We are entering a new age…

According to Bloomberg, over the past few years millions of people have entered the ranks of the self-employed. The digital economy has made it easier for the business savvy to go off on their own and be their own boss. Facebook has brought people closer together, texting and email have increased communication. Associations and Meet-up groups create networking opportunities. LinkedIn in particular has created rolodex transparency within companies and whole industries. (1)

While being self-employed is not for everyone, it is easier now than ever before. A connection on Facebook or LinkedIn is a potential client. Whatever you do, whatever your expertise the reality is there are hundreds and thousands of people who need to talk to you. Many of these are newly sprouted entrepreneurs as well. Building connections to individuals, as well as businesses is the new road to success.

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economy, ESG, new economy, protection, retirement

Women and Financial Security

In Iceland the government there recently passed a law making it illegal to pay women less than men.(1)

A recent study by Economic Policy Institute found that women earn 74 cents for every $1 earned by a man with similar education and experience. This wage gap has always existed and is disturbing in a society founded upon equality and justice. (2)

This wage gap has important implications for women and their financial security, especially during retirement.

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charitable giving, life insurance, protection

A beloved relative has passed away and left me an inheritance… What should I do?

I have had four clients experience the passing of a beloved family member in the past 6 months. All ages, all walks of life. To a person they struggle with the desire to have their father or spouse or daughter back with them again, and how to move forward without them.

I have lost both of my parents; my mother passed away at 42 from lung cancer. I know the pain they suffer. Looking back, her illness and death really hurt my father and younger brother financially. She didn’t have life insurance. Due to the illness many of the family’s assets were exhausted. My father and brother did the best that they could do, but it was a difficult journey.

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economy, new economy

A Guidebook for the Anthropocene Era

Last year I had the pleasure of seeing Gary Vaynerchuk and Stephanie Ruhle in New York City at the 92Y. (1) During the evening Gary shared many insights on the nature of the new economic system that we are seeing develop and how we can survive and excel.

I have written before the current age has been called the Anthropogenic Era, the human era, because mankind is reshaping the geology and environment of the world. The economic system is adjusting to these changes taking place. The economic system set up 100 years ago does not behave or react the same way because the environment is different in which it operates.

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economy, interest rates, retirement

Psychology and the Market

On Thursday February 8th 2018 the Dow dropped over 1000 points in a single day.

 

Human behavior is driven two forces, fight or flight. When facing a dramatic event we as individuals are forced to REACT to what happens. 

When looking at the market, if a person is underinvested and it goes up day after day making new highs, that person may experience FOMO… fear of missing out. They might make the decision to invest based on emotion instead of fundamentals.
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economy, income, new economy, retirement

How to Deal with Being Laid Off: 5 Strategies To Prepare For Job Change

Each day we read reports that the economy is booming.

 

“U.S. manufacturing production just had its best year since 2011.” (1)

“Factory output is poised to speed up.”

“Stronger global growth expectations and a weaker dollar should help.”

 

With that being the case you might find it surprising that several large corporations have recently announced they will be laying off large numbers of employees, especially managers.

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