The latest performance of a 60/40 S&P 500/Ten Year Treasury portfolio from Charlie Bilello. This year so far, it's down 15.7%.
I've been talking for years in great detail about using alternatives to avoid the full brunt of what's going on this year. Apparently Larry Swedroe is a fan of alternatives too. He talked about it on Twitter and gave some symbols to research.
Good news for younger Boomers and for Gen-Xers. The proposed Secure Act 2.0 would move the age we have to start taking required minimum distributions up if it is passed into law. It would go up to 73 starting next year, it would then move up to 74 in 2030 and 75 in 2033. Being able to start later gives us more optionality for how we access different accounts to fund retirement as well as potentially greatly reducing our income tax burden from ages 70-75, or from whenever you start taking Social Security.
Bill Bergeman had a great list on NotePD titled 10 of my favorite passages from The Pathless Path by Paul Millerd. Number 3 on Bill's list was about "life scripts." I am a fan of knowing when to be orthogonal to society (it's a learning process) and this is a great example of when to break away from convention. Number 4 is about people not looking forward to retirement. I love that topic and write frequently about how to make retirement a next chapter, not an ending.
The Pipeline Fire started this morning just north of Flagstaff and it looks bad. We sent our Brush 80 up there to help.
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