Quotes of the Day

Include lots of leafy greens, non-starchy vegetables, fruits, seeds, and whole grains to ensure fiber without calorie load. Beans, seeds, and pulses (e.g., butter beans, kidney beans, chickpeas, black-eyed peas, lentils) also add fiber, protein, and healthy carbs. As a bonus, vitamins and minerals will come along for the ride, reducing the need for supplements. Be restrained when adding sugar and salt to food, and choose healthy added fats, such as extra-virgin olive oil.  [2020] - David Raubenheimer

Let the prospect chase you. It's the best follow-up. 1. Create a sense of urgency by telling a compelling story about achievement lost because of delay. 2. Give just a little information (one potato chip) about how they benefit. 3. Think "profit" and "productivity" not "price" and "sale." [2005] - Jeffrey Gitomer

A common piece of advice is to invest in stocks only if you have a time horizon of 10 years or longer. One long-standing general rule for retirement holds that you should hold a percentage of stocks equal to 100 minus your age. But with people living longer and retiring later and returns from bonds very low, many investment advisers say the old guidelines aren’t bold enough. Some suggest using 110 or even 120 minus your age to achieve the kinds of returns that will sustain you in retirement. [2021] - Erica Alini

Each month, the reverse mortgage lender sends you a check that you can spend on food, clothing, travel, or whatever you want. The money you receive each month is really a loan from the bank against the value of your home, which makes the monthly check free from taxation. The main drawback of a reverse mortgage is that it can diminish the estate that you may want to pass on to your heirs or use for some other purpose. Also, some loans require repayment within a certain number of years. The fees and the effective interest rate you're charged to borrow the money can be quite high. You have other alternatives to tapping the equity in your home. Simply selling your home and buying a less expensive property (or renting) is one option. [2019] - Eric Tyson

You have to look at rolling 20-year periods before there's a very high probability of equity returns close to 8% average. This means if your time horizon or temperament prevents you from thinking that far ahead, you need to dampen your portfolio with an allocation to high-quality bonds. This will lower your expected return, but that is the inevitable trade-off between risk and reward. [2021] - Dan Bortolotti