Advice for Savvy Retirement Planning

The British Are Leaving!


Markets around the world on Friday are reeling from the historic vote that will launch the U.K. back into independence from the European Union, and saw British PM David Cameron resign his position. In a tightly contested vote, having originally been projected as a “Stay” outcome, currencies and stock markets across Europe and all over the world are opening sharply down this morning. The vote was followed by the single worst crash of the British Pound against the U.S. Dollar in history.

BrexitIn pre-market trading, U.S. stock market futures were down across the board over 3%, with 10-year Treasury yields down nearly 8%. European markets are all across the board, with the German DAX Index down over 8%.

Not unlike many short-term market setbacks, what is driving the currency and market drops worldwide is the intense level of uncertainty surrounding the British exit. Separation from the European Union would take years to accomplish, and could face many hurdles along the way. It is quite possible that British leaders could renegotiate terms of the deal, and even present a new vote, which could cause citizens to switch their vote.

The short to mid-term implications for the markets are increased volatility, on a significant scale. However, there is no indication that this is any reason to panic or begin selling positions in response to the vote. While there may be tremendous uncertainty and volatility in the short-term, this is unlikely to have long-lasting implications for the global economy.

This morning we are looking closely at cash positions in portfolios, eyeing opportunities to enter quality stock positions at very good prices. In addition, this is a great opportunity for adjusting stock/bond allocations, as the substantial drop in Treasury yields will precipitate a rise in bond prices. This could potentially set up a situation allowing us to sell bonds at high prices, and enter quality stock positions at distressed prices. Much will depend on how markets behave throughout the day.

We will keep you updated as the Euro situation unfolds.


About Robert Henderson and Lansdowne Wealth Management

Robert Henderson is the President of Lansdowne Wealth Management, an independent, fee-only advisory firm in Mystic, CT. His firm specializes in financial planning and investment management for retirement, with a special focus on the particular needs of women that are divorced or widowed. He is an Accredited Asset Management Specialist and a Certified Divorce Financial Analyst. Mr. Henderson can be reached at 860-245-5078 or You can also view his personal finance blog, The Retirement Workshop at and the firm’s website at

If you are an employee or retiree of General Dynamics, Pfizer, or L&M Hospital, and you would like advice and direction on managing your Fidelity 401K or Hewitt 401K plan, please sign up for our monthly newsletter, which provides complimentary ongoing advice, commentary, and model portfolios for each of those plans. You can sign up automatically at Your 401K

See my Google+ Profile

How to Save for Retirement Later in Life

Robert Henderson

This Article Originally Appeared in We’re guessing there might be one or two readers out there who are overwhelmed by the amount of money they need to save to retire comfortably. But there’s no need to panic, says Robert … [Continue reading]

Pfizer Has Officially Scrapped it’s Merger Agreement with Ireland’s Allergan

Pfizer Allergan Merger

What would have been the largest pharmaceutical merger in history - one between U.S.-based Pfizer and Ireland-based Allergan - has officially been scrapped. It was a deal that would have merged two pharma giants in a $160 billion mega-deal. Amidst … [Continue reading]

What is the Social Security Leveling Option?

Social Security Leveling Option

The Social Security Leveling Option The Social Security Leveling Option is a pension plan payout option offered by pension plans to level out the income of someone who retires early. The leveling applies to the amount of pension payments and not to … [Continue reading]

An Important Market Update – Is the Sky Falling?

Stock Market

The Sky is Falling Well, not quite. In the past week, we have seen the S&P 500 (the broad U.S. stock market, generally speaking) drop roughly 7%. This represents nearly the entire drop in the S&P on the year. Prior to this past week, the … [Continue reading]

Market Update for May 2015

Robert Henderson

MAY 2015 ECONOMIC COMMENTARY AND CAPITAL MARKET UPDATE Recap: The U.S. economy grew at a 0.2% annual rate in the first quarter. It was the worst economic performance in a year, with evidence of a slowing international trade sector and anemic … [Continue reading]

Lansdowne Wealth Management in the News

Robert Henderson

Check out some of the articles that Robert Henderson and Lansdowne Wealth Management have published or been quoted in over the years. Experts Share their #1 Retirement Planning Tip for Startup Founders Mint.Com - Expert Interview with Bob … [Continue reading]

Financial Planners Every Investor Should Follow on Twitter

I was very honored to be mentioned in Dividend.Com recently, for an article highlighting the 16 financial planners that every investor should follow on Twitter. From writer Shauna O'Brien: "Twitter can be a great place to find resources and … [Continue reading]

Interview with Robert Henderson on Saving for Retirement Later in Life for

Retirement Planning Later in Life

See my interview in, talking about how to make up for lost time when saving for retirement... "We’re guessing there might be one or two readers out there who are overwhelmed about the amount of money they need to save to retire … [Continue reading]

Best Paying Careers

Best Paying Career

This is a great article from Business Insider showing the Best Paying Careers among 820 different occupations. The article shows a data chart which was constructed by Reddit user Dan Lin, pulling wage data from the Bureau of Labor Statistics. This … [Continue reading]