U.S. Workers are Owners, They Just Don’t Realize It
Ron Muhlenkamp updates his “Workers Capitalism Triumphs” from October 1987. Link to the full PDF: U.S. Workers are Owners, April 2024 The opinions expressed are those of Muhlenkamp and Company and are not intended to forecast future events, guarantee future results, or offer investment advice.
Achieve Financial Independence
A Virtual Lunch & Learn Series “Financial Independence: It’s Not a Sprint, It’s a Marathon” Part 3: “Achieve Financial Independence” We talk about achieving financial independence and what retirement means to you. It’s different for everyone, but basically it means that you CAN still work but you don’t HAVE to work to bring in any additional earned income. Start by setting SMART goals, prioritize spending, save and invest early. Have a written plan for retirement and revisit it often. Have a plan to pay for education expenses. Achieve Financial Independence from Muhlenkamp & Co on Vimeo. If you missed Parts [...]
Take Your First Step in Retirement Planning
WHY IS FINANCIAL PLANNING SO IMPORTANT? We all have things we want to do in the future that will cost money; vacations, home buying, paying for college, retiring, and etc. Financial planning is simply figuring how much money you will need when you will need it, and taking action to get you there. RETIREMENT PLANNING IS A SUBSET OF FINANCIAL PLANNING, AND MAYBE THE MOST CRITICAL BECAUSE: Social Security is becoming less solvent all the time. Read: Social Security by the Numbers and Social Security Revisited: A Plan to Fix It Most corporations no longer offer defined benefit retirement plans, and many companies [...]
Muhlenkamp Marathon
Our Muhlenkamp Marathon E-Book includes 26.2 miles of financial guidance. From getting your financial information in order at mile 3 to creating a budget at mile 7 and learning how to reduce debt at mile 16, we’ve got your training covered! The opinions expressed are those of Muhlenkamp and Company and are not intended to forecast future events, guarantee future results, or offer investment advice.
Talk to Your Children About Money: From Saving to Financial Legacy
WHY DO WE SAVE MONEY? There isn’t a shortage of information surrounding why to save, how to save, and where to save. And after all, we have to plan for the unexpected and the expected—your first home, kids, college, retirement, and job loss. The list goes on. One thing for sure, saving can be a team sport for you and your family if you encourage it to be. So, talk with your children about money. HOW DO YOU ANSWER THESE QUESTIONS? Why do you save money every month? When do you plan to retire; earlier than the age of 66? [...]
Why an Emergency Fund is a Good Idea
An emergency fund is the rainy-day fund; it’s for the out of the ordinary, once in a blue moon expense that you need money for RIGHT NOW. It is for expenses that are both URGENT and IMPORTANT, and the purpose of this money is to be available when you need it. Most financial advisors and bankers will tell you that you should have at least the equivalent of three to six months’ worth of living expenses saved in this emergency fund. WHY IS SIX THE MAGIC NUMBER? If you’re far out from retirement and have a steady job, keeping six [...]