Woods Financial Blog

Are Aging Boomers Our Economic Lifeline?

April 24, 2012

Here’s a statistic that might take you for surprise: For every three older workers, a vacancy for a young person opens up due to the economic wealth older people create.1 That’s the word from Dr. Alexandre Kalache, an expert on the aging demographic and President of the International Longevity Centre in Brazil. According to Dr.…

Headlines, Shmedlines

April 17, 2012

This headline recently caught my eye, “George Bush Sr. Rocks Purple Socks and Quotes Kenny Rogers in His Endorsement for Romney.” The brief article led me to a video at YouTube (linked below) of former senior President Bush’s recent endorsement of the Republican candidate. His wife Barbara sits in and reminds him of Kenny Rogers’…

A Kinder, Gentler America

April 10, 2012

We’ve been through some tough years and many folks are still struggling. While recently we’ve seen signs of economic improvement and a decrease in unemployment, increased gas prices and little movement in home real estate values may still be weighing heavy on our minds.   So with this post we’re focusing on positive stories in…

What Inflation Feels Like

April 3, 2012

If you exclude gas prices, recent data from the Labor Department reveal that inflation isn’t exactly taking off. In fact, food prices were unchanged for the first time in 19 months. The Labor Department reported that the Consumer Price Index rose 0.4% in February after advancing 0.2% in January. Gasoline accounted for more than 80%…

The Scoop on Rising Oil Prices

March 27, 2012

Fidelity Investments is taking a positive view of the recent rise in oil prices – saying it’s due to the economic recovery. In recent years, soaring gas prices have often been blamed on rising military conflict in oil-rich nations in the Middle East. But according to Fidelity, recent activity indicates that the current oil rally…

Social Media and the IPO World

March 20, 2012

Facebook, Zynga, Yelp. Words that held no special meaning ten years ago are now daily news headlines. Social media has pervaded nearly every aspect of our society, from the young to the old, from business to consumers, from virtual to mobile – from elementary school students to institutional investors. Currently, social networking is the most…

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…