It is hot outside, stay in the cool air and take a heat wave respite with some cool reading about the economy and your retirement.
Heat wave Respite: A few quick ideas to improve your retirement.
First a quick checklist for you. I may not agree with all these, nor may you, but it is directionally correct. 51 things not to do if you want to be better off financially
Most of you, like me, are over 50 now. So, suck it up and take this advice. 3 Steps to Building Wealth in Your 50s
It is always a good time to start saving money. Perhaps these tips will work for you. 2 Ridiculously Simple Tax Strategies That Can Each Save You $100,000+ Over Your Lifetime
Here is an interesting mix of two favourites, have an investment strategy you can stick with and consider dividend stocks as a means of building retirement income. A Simple Method for Buying Low and Maintaining Diversification
Heat wave Respite: A quick scan of the global economy
The most fascinating and consequential event on the schedule is the June 23 “Brexit” vote in Britain. It seems too close to call; I simply cannot imagine an exit. We shall see. One thing that seems to be consistent, at least here, is that Brexit is masking a real, looming issue with European banks. Forget Brexit, It’s the Banks Stupid! makes the most interesting point “Whatever the outcome of the Brexit referendum next week, it would appear that nothing can stop a systemic crisis developing in Europe.” Brexit is Getting the Blame
This is a fascinating, negative, and likely first-time event in the US economy. US Negative Interest Rate Bets Surge to Record High
It is always worthwhile putting things into perspective. Here, you can look at the global economy over the past 5,000 years. That is right, 5,000 years (or so they say). How about the lowest interest rates ever? US stocks at 60-year highs vs. Europe? Plenty of other fascinating or scary facts embedded here. Visualizing “the 5,000 Year Long Run” in 18 Stunning Charts