Woods Financial Blog

Retirement: The Real Picture

March 13, 2012

According to a new report from the Employee Benefit Research Institute (EBRI), on average retirees spend about 80% of what working households spend.1 In other words, in retirement you should count only needing about 80% of the annual income that you earn in the decade prior to retiring. What’s interesting, though, is that you’re more…

Follow the Money? How About Follow the Jobs.

March 6, 2012

Why is the job market recovery so slow?   We know why real estate values remain low: Potential homebuyers can’t commit to buying a house when they’re out of work or afraid they might get laid off.  And then there are workers whose salary increases have been frozen for a couple of years now, or…

Taking Stock of U.S. Stocks

February 28, 2012

You’ll often hear financial advisors say the biggest investment risk is not having enough money accumulated by the time you retire. That’s all well and good, but it’s not really actionable advice. On the cusp of our nation’s recovery, there are strong reasons to view U.S. equities as the key to the future – both…

Annuities Anew: New Proposals, More Options

February 21, 2012

According to a 2011 Retirement Survey from Wells Fargo & Company, 25% of middle class Americans say they will need to work until at least age 80 to live comfortably in retirement.1 With fewer companies offering pensions in this day and age, there is more reliance on money saved through 401(k) plans to provide income…

A New Era of Manufacturing

February 14, 2012

 “We bet on American workers and, tonight, the American auto industry is back.”   That’s a quote from President Obama’s State of the Union Address on January 24, an hour+ plus speech that spanned the scope of America’s critical issues. One of the big messages was his support for a renaissance in domestic manufacturing to…

Pent-Up Energy

February 7, 2012

Just recently, the Obama administration rejected the application to build the Keystone XL pipeline, which would stretch 1,700 miles from Canada to the U.S. Gulf Coast. It’s been and looks to continue to be a hot issue, not just for the sake of oil production, but for American jobs as well. While jobs remain the…