With Jonathan Clements, Financial Writer, Author of Jonathan Clements Money Guide
Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper’s personal finance columnist. Between October 1994 and April 2008, he wrote 1,009 columns for the Journal and for The Wall Street Journal Sunday. He then worked for six years at Citigroup, where he was Director of Financial Education for Citi Personal Wealth Management, before returning to the Journal for an additional 15-month stint as a columnist. He’s the author of the award-winning Jonathan Clements Money Guide and is currently working on a new book, How to Think About Money, which is slated for publication in September 2016. He also puts out a free newsletter every few months.
His Money Guide helps investors build their own financial plans in 18 easy steps, provides updated tax guidance, financial dos and don’ts, facts and figures on the economy and the markets, and other interesting tidbits on a wide range of financial topics, such as retirement.
His book was meant to demystify finance and share commonsense, easy to implement strategies when handling their money. He also talks about working part-time in retirement, generating income in retirement, and how that really goes a long way towards managing daily expenses while also keeping you mentally occupied. He also addresses the pros and cons of buying a fixed annuity, and how your annuity decision should be tied into your health and longevity prospects, and factor in inflation. He also suggests diversifying your annuity across multiple underwriters, as you diversify your asset portfolio.
He also talks about his portfolio allocation to sail through the next 25 years of retirement, at least. One of his strategies is to n to five years of cash or equivalent of daily expenses to see you through as much as a five year slump in the market, so you don’t cash out when stocks are down and have the wherewithal to ride out market bottoms. Jonathan also talks about diversifying some of his portfolio through global diversification, especially when U.S. stocks appear to be more pricey than foreign issues. Finally, he addresses the benefits and myths of home ownership, and financial dos and don’ts going into 2016.