When the coronavirus pandemic temporarily halted tourist traffic and shuttered restaurants and bars throughout New Mexico, Black Mesa Winery in Velarde had an inventory of wine and hard cider worth $100,000 and fewer avenues to deliver its products to customers. Winery owners Jerry and Lynda Burd were able to keep...Pandemic offered Velarde winery time to improve
When the coronavirus pandemic temporarily halted tourist traffic and shuttered restaurants and bars throughout New Mexico, Black Mesa Winery in Velarde had an inventory of wine and hard cider worth $100,000 and fewer avenues to deliver its products to customers. Winery owners Jerry and Lynda Burd were able to keep...From the NBA to annuities, from free throws to guaranteed income
“LAYIN’ IT on the line”I recently read an article about Shaquille O’Neal and his after-basketball life that was truly amazing. Did you know in his 19-year NBA career, he earned a total of $292 million in compensation? He was the highest-paid player over that time period, making enough money for a couple of hundred families to live in complete comfort. As the athlete’s age, we have watched salaries skyrocket to levels we cannot comprehend as just regular folks.
Shaq was one of the all-time greats, and he proved it on and off the basketball floor. Did you know he also starred in movies and had three very successful records with over 1.3 million copies in sales? Shaq became...
Have bonds earned a place in your portfolio?
“Layin it on the line”Beginning in 2020, the Federal Reserve cut interest rates to multi-decade lows, dropping the rate on 10-year Treasuries from a robust 2 percent to 0.5 percent. This steep decline was a blow to savers, especially those who traditionally look to bonds as safety anchors for their retirement portfolios. Since Treasury 10-year rates determine approximately half the yield of corporate bonds, convertibles also feel the sting of near-negative interest rates.
Discouraged by a cooled-off bond market, many who count on bonds for retirement income are looking into convertible bonds as an alternative. Corporate bonds that can be swapped for common stock in the issuing...
Temporary inflation can damage retirement planning
“LAYIN’ it on the line”“Warren Buffet once pointed out that when you do the math, it is obvious that inflation is far more destructive to wealth than any tax levied on us by the government.”— Lawrence Castillo
It probably hasn’t escaped your notice that consumer prices have gone rogue in 2021. Prices for goods and services are surging at the fastest pace in over ten years, threatening to squeeze households and squelch a potential post-COVID economic recovery. Economists, bankers, and pundits insist that inflation rates reflect pandemic-induced trends and are only temporary.
However, many retirees, pre-retirees, and investors are concerned that prices will keep...
Four to receive 2021 William S. Dixon First Amendment Freedom Award
ALBUQUERQUE— A reporter’s investigation that led to one senior state official’s departure and a whistleblower lawsuit, a citizen’s quest for records that forced the creation of a new youth grievance policy and actions by two New Mexico Legislators to open up state government will be recognized by the New Mexico Foundation for Open Government as the 2021 recipients of the William S. Dixon First Amendment Freedom Awards. The awards are annually presented to those New Mexicans who believe in government transparency at the state or local level – and who have made significant contributions to casting sunshine (transparency) in government operations in the state.Dixon Award...
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