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Stock brokerage types and hobbyist investors love to speculate about the next “market crash,” and they often mention the historic crashes in past Octobers. Boy, do I remember the “Crash of ’87.” I was there that October, right in the front row for that one.  There are all kinds of data to review and to...

Before you get too far along with your planning, you should prepare a worksheet of your income sources and amounts and see how they all fit together. A kind of feasibility study. Here is a copy of the Monthly Income Worksheet that is included in The Extreme Retirement Planning Workbook. You're welcome to download and print...

Preparing a year-end "net worth" statement is a great way to appraise and measure your wealth-building progress. It's all fairly simple unless you're a Rockefeller. Your financial net worth is your assets minus your liabilities: Assets - Liabilities = Net Worth OR What You Own - What You Owe = Your Financial Wealth First, make...

The company defined contribution plan is the workhorse for wealth-building Americans. Are you taking full advantage of this asset-building tool? The plan may have another name, might actually be a 403(b) plan or a Section 457 plan. I know, I know, this is all mumbo jumbo. The basics work like this. You can put a...

Media personalities are often found giving advice about what asset class—stocks, bonds, or cash—you should own in your investment portfolio at the moment. Naturally, people are interested in doing the right thing with their money, and they ask these kinds of questions: "How should I allocate my money?" and "Should I own stocks, bonds, or...