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Keen on Retirement

Co-hosts Bill Keen, Matt Wilson, and Steve Sanduski take you through the financial planning process to help ensure you make smart decisions about your money and your life. Whether you’re on your way to retirement or already there, these shows will educate you, entertain you, and guide you to living the life you dream about.
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Now displaying: November, 2016
Nov 22, 2016

One lesson that was driven home again during the recent 24-hour news cycle surrounding the election was, "Don't believe everything you read and hear."

Regardless of your political persuasion, what you hear on the campaign trail often differs markedly from what happens after the election. It's similar in the financial markets. Scary headlines one day could turn into "the markets are on their way to new highs" the next day.

The recent election night is a great example of how things can turn on a dime. When it became clear that Donald Trump was performing much better than the polls had suggested, the financial futures market, which trades pretty much 24 hours a day, started dropping rapidly. The markets were not expecting Mr. Trump to win. But then before the regular trading markets opened up on Wednesday morning, the numbers had completely turned around and the markets opened higher.

The initial knee-jerk reaction to the election in the financial markets was negative, but less than 12 hours later, it had turned positive.

I always stress to our clients not to make snap judgments when it comes to your investing and your financial plan. The 24-hour news cycle encourages people to make snap judgments because it's designed to create scary headlines that drive viewers and increase advertising. We do our best at Keen Wealth Advisors to be a voice of reason during these headline-driven times.

In today's episode, we take a look at how to deal with the 24-hour news cycle and discuss how Donald Trump's presidency may affect your financial future.

Nov 9, 2016

Thanks to the aging Baby Boomer generation, about one in every seven Americans is 65 years or older. That number is expected to continue rising for decades to come, according to the U.S. Department of Health and Human Services.

As we age, it's important to make sure we have a plan in place. And not just a financial plan. Having a will, of course, is important. But we also need to have a plan to take care of ourselves and our loved ones in case we get sick or begin to experience diminished cognitive ability.  These issues can occur slowly over time and difficult to assess.

These are not fun questions to address, but it's best to address them while you can and not wait until you have to. In today's episode, we tackle some tough questions so you can be prepared if the need arises.

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