Here in New Mexico, we have lived through many boom-and-bust cycles of the oil and gas industry. But recent years have shown just how much we need to break this cycle – particularly as we plan for the transition from oil and gas to clean energy – by tipping the scales away from the oil and gas corporations and back...Biden administration should fix problems with oil, gas leasing before next sale
Here in New Mexico, we have lived through many boom-and-bust cycles of the oil and gas industry. But recent years have shown just how much we need to break this cycle – particularly as we plan for the transition from oil and gas to clean energy – by tipping the scales away from the oil and gas corporations and back...Longevity secret: Living a long time
“Layin’ it on the line”“The secret is simple: The longer you live, the longer you live!”
What happens if you live longer than you expect? How do you make sure your funds last as long as you do?
Do you invest in stocks? Bonds? Keep your money in the bank? Increased life expectancy is extending the time needed for our retirement funding — making sure our money lasts as long as we do.
It has become the new mantra of the Baby Boom generation.
Many financial planners are turning toward products that remove the risk of the longevity problem, allowing an insurance company to bear the longevity risk. Annuity companies issue and manage annuity products.
Many types of...
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 products moving out the door through online wine tasting events, shipments to wine club members, and creative drive-by tours that kept customers engaged.The slowdown also gave the Burds time to examine all aspects of their operation and to consider changes that could streamline processes, open new markets, and increase market share when the pandemic ended.
The Burds...
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...
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