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# Ulivi Wealth Management

Maintain your current lifestyle & financial security throughout retirement

## Sitemaps

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## Posts

- [Blog](https://ulivi.com/blog/)
- [What Causes Inflation and How to Protect Yourself](https://ulivi.com/what-causes-inflation-and-how-to-protect-yourself/) - By Professor Ricardo Ulivi, Ph.D. March 2018 A simple definition of inflation is that it’s too much money chasing too few goods. Here’s an example: If you only have $1, the most you can bid for a cup of coffee is $1. However, if suddenly I put another dollar in your pocket, you can now
- [To Retire or Not to Retire?](https://ulivi.com/to-retire-or-not-to-retire/) - By Professor Ricardo “Rick” Ulivi, Ph.D. January 29, 2018 When we approach retirement age, most of us have been working for perhaps fifty or more years. Therefore, it can be a difficult decision to give up something we’ve been doing for so long. What are the issues involved in making a decision, or what can
- [Tariffs or No Tariffs, Either Way We Are in Deep Trouble!](https://ulivi.com/tariffs-or-no-tariffs-either-way-we-are-in-deep-trouble/) - By Professor Ricardo Ulivi, Ph.D. March 2017 What the American public, and our politicians, fail to recognize is that we have been living beyond our means for too long, and this has consequences. Here are some facts: Why are tariffs so attractive to Trump? The reason tariffs are appealing is because we have a horrendous
- [Watch Out: Inflation Is Returning and it Will Be Nasty](https://ulivi.com/watch-out-inflation-is-returning-and-it-will-be-nasty/) - By Professor Ricardo “Rick” Ulivi, Ph.D. January 2018 Last month I wrote about what is likely to end the current euphoria in the stock, bond, and real estate markets. I pointed out that the culprit will probably be un-expected inflation, and its effect on interest rates. Many of you wonder why inflation is likely to
- [The Cause of a Coming Crash: Get Ready!](https://ulivi.com/the-cause-of-a-coming-crash-get-ready/) - By Professor Ricardo “Rick” Ulivi, Ph.D. December 2017 Amid the euphoria we are witnessing in the stock, bond, real estate and bitcoin markets, are there any clouds on the horizon that presage a crash? I believe so, and I will explain what I feel is the main culprit that will put an end to the
- [Investing: How to Buy Low, and Sell High](https://ulivi.com/investing-how-to-buy-low-and-sell-high/) - By Professor Ricardo “Rick” Ulivi, Ph.D. October 2017 Often when people ask me what I do, I reply that one of my jobs is being a finance professor. To emphasize the point, I tell them that I teach how to buy low and sell high. On hearing this, many people chuckle and say they often
- [Tax Reform: Does it Make Sense?](https://ulivi.com/tax-reform-does-it-make-sense/) - By Professor Ricardo “Rick” Ulivi, Ph.D. September 2017 The financial goals of our nation can be summarized as follows: achieve sustainable economic growth, low inflation, and full employment. Currently, these goals have been achieved; the economy has been growing for over nine years, inflation is super low, and we are at full employment. It seems
- [The Ridiculed Breed: Fiscally Conservative Individuals](https://ulivi.com/the-ridiculed-breed-fiscally-conservative-individuals/) - By Professor Ricardo “Rick” Ulivi, Ph.D. August 2017 As a fiscally conservative individual, I feel too many investors are ignoring reality. They are not seeing the writing on the wall, and when I tell them what’s on it, they think I am a pessimist, or worse yet, they disregard my warnings completely. What do I
- [You Can’t Have Your Cake and Eat It Too!](https://ulivi.com/you-cant-have-your-cake-and-eat-it-too/) - By Professor Ricardo “Rick” Ulivi, Ph.D. June 2017 There are two very important investment objectives, yet they are contradictory. If preservation of capital is important for you, you can’t expect to make your principal grow at an attractive rate of return. And if you want to make your principal grow, you have to be willing
- [Current Lofty Valuations: Based on Facts or Expectations?](https://ulivi.com/current-lofty-valuations-based-on-facts-or-expectations/) - By Professor Ricardo “Rick” Ulivi, Ph.D. April 2017 Since before and after Trump’s election, I recommended you remain cautious, and in most cases, to reduce your stock exposure. I thought prices were too high, and that a correction was necessary to have stock prices reflect current facts. Yet, right after Trump won the election, and
- [The Value of the Dollar and Inflation](https://ulivi.com/the-value-of-the-dollar-and-inflation/) - By Professor Ricardo “Rick” Ulivi, Ph.D. March 2017 Inflation is a terrible economic variable because it lowers most people’s standard of living. A few, of course, can benefit from inflation but most lose. Therefore, we should be very concerned with it, especially given that it’s been so low for so long. Inflation is never totally
- [An Analysis of Trump’s Suggested Economic Plans](https://ulivi.com/an-analysis-of-trumps-suggested-economic-plans/) - By Ricardo Ulivi, Ph.D. February 2017 President Trump has indicated that he will reduce income taxes, impose tariffs on imported goods from certain countries, and embark on a major infrastructure rebuilding program. The stock market has loved these suggestions, and so it has risen by 8% since his election. However, this love affair is based
- [What Are Interest Rates Signaling?](https://ulivi.com/what-are-interest-rates-signaling/) - By Professor Ricardo “Rick” Ulivi, Ph.D. August 2016 We all know that interest rates are at record lows, not only in the USA but also in the most productive economies of the world. In fact, in some countries, interest rates are negative. That is, you have to pay them to take your money. Totally crazy.
- [The Disruptive Effects of China’s Economic Rise](https://ulivi.com/the-disruptive-effects-of-chinas-economic-rise/) - By Professor Ricardo Ulivi, Ph.D. The English vote last Thursday has caused some important financial losses and may result in additional ones in the near future. Analysts have given many reasons for the vote results, including uncontrolled immigration, and the loss of good jobs due to the effects of free trade agreements and globalization. All
- [Today’s Financial Problem: Uncertainty!](https://ulivi.com/todays-financial-problem-uncertainty/) - By Professor Ricardo “Rick” Ulivi, Ph.D. I just dusted off my crystal ball to see what it’s predicting, and it’s foggy. So I went to my back up--my tea leaves. There is a tempest in my tea cup, so it’s impossible to read their predictions either. Perhaps they are telling me something . . .that
- [What’s in the Future: Deflation or Inflation?](https://ulivi.com/whats-in-the-future-deflation-or-inflation/) - By Professor Ricardo “Rick” Ulivi, Ph.D. When you consider making an investment, you are really betting on its future cash flows, so it’s important to have a mental picture of what might happen to the economy. That’s because if the economy slows down, you can expect the future cash flows from your investment to slow
- [Stock Market Turmoil: Is It Better to Sell, or Just Ride Out the Ups and Downs?](https://ulivi.com/stock-market-turmoil-is-it-better-to-sell-or-just-ride-out-the-ups-and-downs/) - By Professor Ricardo “Rick” Ulivi, Ph.D. Year to date the stock market is down about 10%, depending on the day you take the measurement. In financial terminology, that’s a correction. Another 10% drop, and it will be considered a bear market. A 10% drop can be ignored; you can argue that it is a temporary
- [2016: Full of Financial Surprises, or Not?](https://ulivi.com/2016-full-of-financial-surprises-or-not/) - By Professor Ricardo “Rick” Ulivi, Ph.D. Let’s review some of the latest developments in the world of finance and see if they are surprises or if they are events that were expected--at least by me! Below is an analysis of some of them. Un-Surprise # 1: China’s stock market meltdown When you major in business
- [The Fed Has Raised Interest Rates: What Are the Possible Consequences?](https://ulivi.com/the-fed-has-raised-interest-rates-what-are-the-possible-consequences/) - By Professor Ricardo “Rick” Ulivi, Ph.D. After many years, the Fed has raised interest rates just a quarter of a point. The real thing to watch for is the future trend of rates, and the consequences of this current increase. Will rates continue to go up, or will they go down, again? That’s the million
- [Currency Wars: The Winners and Losers](https://ulivi.com/currency-wars-the-winners-and-losers/) - By Professor Ricardo Ulivi, Ph.D. There is a currency war going on in international markets. What does this mean? Many countries are facing reduced or no economic growth, and this causes unemployment. Governments don’t like that, so they call meetings to figure out how to get their economies moving. The answer is simple: export more.
- [What Will Derail the Bond, Stock and Real Estate Markets?](https://ulivi.com/what-will-derail-the-bond-stock-and-real-estate-markets/) - By Professor Ricardo “Rick” Ulivi, Ph.D. The major asset markets, except commodities, have been on an incredible upswing since early 2009. Just last week most of them set new record highs. Will anything cause then to begin falling, rather than moving higher? Here are some possible factors. An increase in interest rates Although much has
- [Do You Need to Take Risk to Be a Successful Investor?](https://ulivi.com/do-you-need-to-take-risk-to-be-a-successful-investor/) - By Professor Ricardo Ulivi, Ph.D. You often hear the phrase, “To make money, you need to take risks”. Indeed, modern finance has proven that there is a positive relationship between risk and expected returns. That is, the higher the perceived risk of an investment, the greater the expected profit. But notice the word “expected.” This
- [Something Fishy Is Going On: Inflation or Deflation?](https://ulivi.com/something-fishy-is-going-on-inflation-or-deflation/) - By Professor Ricardo Ulivi, Ph.D. The stock market in the US has been hitting record highs (if you omit the last few days), the economy is expanding due to the Fed’s easy money policy, and employment is growing. Under these circumstances, you would expect inflation to be increasing, yet the opposite has occurred. What’s going
- [It’s China, Stupid!](https://ulivi.com/its-china-stupid/) - By Professor Ricardo Ulivi, Ph.D. For the past few years, the US economy has been expanding at a rate slower than the historical norm. Lately, however, growth has accelerated. Are we out of the woods? I don’t think so. The main reason our economy has grown, while Europe and other parts of the world are
- [Commodity Prices: What Are They Signaling?](https://ulivi.com/commodity-prices-what-are-they-signaling/) - By Professor Ricardo Ulivi, Ph.D. Just like a thermometer can be used to measure fever, can we use the trend in the prices of commodities to measure the healthiness of the current economic activity? Or, can we use current commodities prices as a predictor of future economic activity? One could argue that, if commodities prices
- [The Economy: The Moment of Truth Has Arrived!](https://ulivi.com/the-economy-the-moment-of-truth-has-arrived/) - By Professor Ricardo Ulivi, Ph.D. October 2014 A few months ago the Fed announced that they were likely to end the latest round of their quantitative easing (QE) program in October, which means they will stop buying bonds on a massive scale. The reason? They believe the economy is improving, and therefore there is no longer
- [Why Spenders Can't Save, and Savers Can't Spend!](https://ulivi.com/why-spenders-cant-save-and-savers-cant-spend/) - By Professor Ricardo Ulivi, Ph.D. October 2014 In my decades helping people with their personal finances, two truths stand out: spenders cannot save and savers find it very difficult to spend. I have never had success in transforming spenders to savers, so I prefer not to deal with them anymore. Too frustrating. Once, however, I
- [Could I Be Wrong?](https://ulivi.com/could-i-be-wrong/) - By Professor Rick Ulivi, Ph.D. July 2014 I have been pretty consistent over the last two years in warning that financial markets were being artificially inflated by the easy money policy of the Federal Reserve. Yet the markets continue to increase, which means either I have completely misunderstood the new dynamics, or we are just
- [How Dreams Can Become Nightmares](https://ulivi.com/how-dreams-can-become-nightmares/) - By Professor Ricardo Ulivi, Ph.D. June 2014 Ten years ago my wife and I bought an apartment in Buenos Aires with the expectation that at some later point in life we would be spending more time in the city. We rented the place out for all those years and finally decided to remodel it. Our
- [Myth: You Will Pay Less Taxes in Retirement](https://ulivi.com/myth-you-will-pay-less-taxes-in-retirement/) - By Professor Ricardo Ulivi, Ph.D. March 2014 When I started in the financial services industry about 34 years ago, the first dogma we were taught was to persuade our clients to invest in tax deferred accounts like IRAs, 401 (k), 403 (b) and so on. The justification was that, in your working years, you were
- [Should You Own a Vacation Home?](https://ulivi.com/should-you-own-a-vacation-home/) - By Professor Ricardo Ulivi, Ph.D. February, 2014 A trend I have noticed recently is that baby boomers are buying vacation homes, where they can spend part of the year. What are the costs and benefits of this? Do Emotions Justify a Large Investment? Does it make sense to buy a vacation home? After all, you
- [Retirement Anxiety: Choose Money, Time or Passion?](https://ulivi.com/retirement-anxiety-choose-money-time-or-passion/) - By Professor Ricardo Ulivi, Ph.D. December 2013 Three years ago I started seriously considering retiring from my university teaching—after more than 30 years of doing so--but I was troubled about the implications of this decision. So, I asked members of an Internet forum of financial advisers for some guidance as to what to do with
- [The Party Continues: Will There Be a Hangover?](https://ulivi.com/the-party-continues/) - By Professor Ricardo Ulivi, Ph.D. November 2013 The stock market continues to roar, setting new records nearly every day. Isn’t it wonderful? After all, we invest to make money—that is, to buy low and sell high. So, if you haven’t sold, should you? Or, if you hang in there, will you make a few more
- [To Default or Not to Default? That Is the Question](https://ulivi.com/to-default-or-not-to-default-that-is-the-question/) - By Professor Ricardo Ulivi, Ph.D. October 2013 The Federal government and Congress will soon meet again, at sundown, and draw guns on the issue of whether or not to increase the debt ceiling. What do you think will happen? What will be the consequences of a yes or no vote? The Treasury Department today warned
- [Will Deflation Hit Us?](https://ulivi.com/will-deflation-hit-us/) - By Professor Ricardo Ulivi, Ph.D. September 2013 Yesterday, the Fed decided to continue injecting heroin into the blood stream of America. The stock market, like any junkie, became euphoric. No wonder--it’s enjoying the same high an addict experiences with every new dose. The Fed explained that it needs more evidence that progress will be sustained
- [Will You Outlive Your Savings During Retirement?](https://ulivi.com/will-you-outlive-your-savings-during-retirement/) - By Professor Rick Ulivi, Ph.D. “I just don’t want to run out of money in my retirement!” In my more than 30 years as a financial advisor, I have heard this – or some version of it – from client after client. It’s understandable. After all, who looks forward to a retirement that depletes a
- [It's the Direction of Interest Rates That Matter, Not Their Level](https://ulivi.com/direction-of-interest-rates-not-level/) - The stock market has been wobbly lately, up 100 points one day, down the same the next day. What’s going on? It’s the expected future direction of interest rates that’s spooking the market. After all, it’s the direction that matters, not their overall level. Given that the market seems to believe that rates will soon
- [What Signs to Look For in These Volatile Markets?](https://ulivi.com/what-signs-to-look-for-in-these-volatile-markets/) - By now you should be convinced that the direction of interest rates is the key to the future of stock, bond and real estate prices. But what can you use to predict future movements in interest rates? First, a disclaimer. Nobody can consistently and accurately predict interest rates and that includes me. But, given that
- [The Stock Market Is Rocketing: When Will It Explode?](https://ulivi.com/the-stock-market-is-rocketing-when-will-it-explode/) - Many of us are bewildered by the appreciation of the stock market, because the overall economy does not seem to be doing that well. The great exceptions are real estate and car sales, but that’s mainly due to record low interest rates. As we witness the market going up and up, the obvious question is:
- [How Is The Cost of Money, or the Interest Rate, Determined?](https://ulivi.com/how-is-the-cost-of-money-or-the-interest-rate-determined/) - Currently, interest rates are extremely low, and we know that they are being kept artificially low by the policies implemented by the Federal Reserve. In fact, the Fed is subsidizing the cost of money, or put in another way, the Fed has started a welfare program that benefits those with the need to borrow money.
- [The Danger Lurking Behind Low Interest Rates](https://ulivi.com/the-danger-lurking-behind-low-interest-rates/) - Interest rates have been dropping since 1981, when the three month Treasury bill was at 17%. Today, it is near zero. Is there any danger hiding behind these very low current rates? It does not really matter where they are now. The key is to predict where they are likely to go and to understand
- [Are Stock Prices too High?](https://ulivi.com/are-stock-prices-too-high/) - The stock market was up 16% last year, and in January alone it was up another 6%. The economy is not booming, which leads one to wonder--are prices too high? The best way to answer this question is with another one--are interest rates too low? Historically there is a negative correlation between stock prices and
- [Letter to Clients on Investment Tips vs Long Term Focus](https://ulivi.com/letter-to-clients-on-investment-tips-vs-long-term-focus/) - By Professor Rick Ulivi Since I retired from full time teaching last May, I have more time available to serve a few more clients. To help me in this endeavor, I hired Mr. John Welches to improve my marketing message. As a first step, he wanted to talk to a few clients to get some
- [Warning: Retirement Shortfall Ahead](https://ulivi.com/warning-retirement-shortfall-ahead/) - By Ricardo Ulivi, Ph.D. and Sky Nguyen Setting a “safe” withdrawal rate is a great way to start taking retirement income, but advisors should monitor their clients’ “funding ratios” and “burn rates” to gauge the sustainability of their portfolios. “I just don’t want to run out of money during my retirement!” In my more than 30
- [Are Bonds a Good Investment Today? ](https://ulivi.com/are-bonds-a-good-investment-today/) - By Professor Rick Ulivi, Ph.D. Most of us like to make money, and certainly most of us enjoy spending it. We can make money by working or by investing our savings. Savings result from money we worked hard for and chose not to spend. When it comes time to invest, we like to be very

## Pages

- [Home](https://ulivi.com/) - Helping individuals recently retired or about to retire achieve their retirement vision.
- [Our Fees](https://ulivi.com/fees/) - It is our fundamental responsibility to place your interests first because we want to be your trusted source for personal financial decision making. Therefore, We are paid on a fee-only basis, which minimizes potential conflicts of interest. This means we are paid directly by our Clients. We do not accept commissions on any products or
- [What We Do](https://ulivi.com/what-we-do/) - We want to help you generate a sustainable income stream so you can: Maintain your desired standard of living Remain financially secure Leave a legacy, if desired How can we make this happen? We have a process which includes asking questions and listening attentively. We then make “what if” projections, and based on our experience
- [Frequently Asked Questions](https://ulivi.com/faq/) - The following questions (Q) have been answered (A) by Professor Ulivi. If you would like to make an appointment, you can reach Professor Ulivi by calling him at (714) 771-6000 or by sending him an email to professor@ulivi.com
- [Real Estate](https://ulivi.com/real-estate/) - Professor Ulivi has decades of experience investing, and managing, in real estate. He does not sell nor manage real estate for others, but he can help you evaluate purchases, prepare cash flow projections, and profitability analysis. Here’s a brief overview of his experience: 1974. He bought his first condo in Buenos Aires, Argentina. It was
- [Our Fees](https://ulivi.com/our-fees/) - More than ever, trust is paramount. It is our fundamental responsibility to place your interests first because we want to be your trusted source for personal financial decision making. Therefore, We are paid on a fee-only basis, which minimizes potential conflicts of interest. This means we are paid directly by our Clients after we provide
- [Free Seminar](https://ulivi.com/free-seminar/) - Can You Afford to Retire, and Not Go Broke?Get the Answers You Need! The Fear: When looking toward retirement, many people’s first fear is running out of money. This is completely understandable. The Goal: Most retirees aspire to implement a strategy that will provide a sustainable income stream, allowing them to maintain their standard of
- [Retirement Readiness Seminar](https://ulivi.com/retirement-readiness-seminar/) - Can You Afford to Retire and Not Go Broke? Key Dilemma How do you find the right balance between maintaining your chosen lifestyle, your needed financial security, and your legacy desires? What You Will Learn: Enjoy coffee, juice and pastries as you find out: How to design, implement and monitor a comprehensive plan that may
- [Retirement Readiness Seminar Emails](https://ulivi.com/retirement-readiness-seminar-emails/) - Yes! Please notify me by email when the next Retirement Readiness Seminar is scheduled!
- [Our Process: How We Do It](https://ulivi.com/our-process-how-we-do-it/) - Our mission is to help individuals, recently retired or about to retire, achieve their ideal retirement vision. How can we help you achieve this goal? We use a systematic process that consists of the following steps and/or meetings: The Initial Meeting - are we a good fit? The Diagnosis – a Check-Up you can look
- [Benefits of Hiring Us](https://ulivi.com/benefits/) - There are many benefits to hiring Ulivi Wealth Management as your personal financial advisor. Most importantly, because we want to help you become financially independent, and achieve your ideal vision of retirement. These goals require helping you make suitable decisions and here are five superb reasons for hiring us: Comprehensive approach Personalized advice Open architecture
- [Contact](https://ulivi.com/contact/) - You can email us using the form below. Our mailing address is: Ulivi Wealth Management369 South Glassell StreetOrange, CA 92866 Our address in Argentina: Ulivi Wealth ManagementAvenida Alvear 1918, Piso 7 BCiudad de Buenos AiresArgentina
- [FAQ](https://ulivi.com/faq-2/) - About Professor Ulivi, Ph.D.
- [Services We Do Not Provide](https://ulivi.com/services-we-do-not-provide/) - Because the field of financial planning has a variety of professionals and salespeople, we have found it is helpful to outline specifically what we do NOT do as part of our process. To minimize potential conflicts of interest, we do not sell any financial products or receive any commissions or referral fees as a result
- [Comprehensive Retirement Management Package](https://ulivi.com/comprehensive-retirement-management-package/) - This package is designed to implement and manage the strategies developed in The Financial Planning-Only Package. We help our clients get things done, thereby achieving an effective and integrated retirement strategy. Your Package Includes: Meetings on a regular basis to discuss objectives, review financial and investment performance, and address issues of particular importance Summary of
- [Financial Planning-Only Package](https://ulivi.com/financial-planning-only-package/) - Your Package Includes: An intake session to explain your goals and provide data Follow-up meetings to clarify information Your comprehensive and actionable financial plans Face-to-face sessions to discuss the plans in detail and create accountability for action Six months of unlimited email and phone access for questions that arise (within reason, please) Meetings may be
- [Thanks for Signing Up!](https://ulivi.com/thanks-for-signing-up/) - Thanks for signing up for our Retirement Readiness Kit! You will be receiving a series of emails over the next few weeks with articles and downloads that will help you begin to think about financial planning for your retirement. Please watch this short welcome video from Professor Ulivi: [youtube]http://www.youtube.com/watch?v=-w47CfwYgRQ[/youtube]
- [Services](https://ulivi.com/services/) - Ulivi Wealth Management’s mission is to help those individuals, recently retired or about to retire, achieve their ideal retirement vision. In the pursuit of this goal, we have created The Three Strategies of Prudent Retirement Management. This system includes a: Retirement Income Strategy Investment Strategy Monitoring Strategy We can also provide optional services such as real
- [Retirement Readiness Kit](https://ulivi.com/retirement-readiness-kit/) - Order Your FREE“Retirement Readiness Kit” Today! Find the answers you need to help you achieve your ideal vision for retirement. Enter your info below. We will send you emails periodically with helpful reports and worksheets.
- [About Us](https://ulivi.com/about/) - Professor Rick Ulivi, Ph.D.Founder, Ulivi Wealth Management Dr. Ulivi’s education led the way to his advisory career: A Bachelor’s degree in business, a Master of Business Administration (M.B.A.), and finally, a Ph.D. in business administration with a concentration in finance from The University of Arkansas, 1980. As you can see, finance is not just Dr.
- [A Personal Message](https://ulivi.com/a-personal-message/) - A personal message from Professor Ulivi, Ph. D. “I just don’t want to run out of money in my retirement!” In my more than 30 years as a financial advisor, I have heard this – or some version of it – from client after client. It’s understandable. After all, who looks forward to a retirement
- [Free Consultation](https://ulivi.com/free-consultation/) - I look forward to talking with you and getting you on your way to fulfilling your vision for your retirement!
- [Seminars](https://ulivi.com/seminars/) - We offer a series of educational seminars focusing on various aspects of personal finance. These are: How to Manage Your Finances During Retirement How to Generate the Returns to Sustain Your Retirement How to Understanding Pension Distribution Rules, Annuities, IRAs, Roth’s & 401(k)s How to Invest Profitably in Real Estate How to Give Your Finances
- [Education Center](https://ulivi.com/education/) - Retirement Income Strategy Goals Assumptions Net Worth Statement Budgeting Cash Flows Retirement Projection Withdrawal Rate Income Taxes Insurance Needs Analysis Filing Estate Planning Ratio Analysis or Financial checkup College Funding Monitoring
- [News](https://ulivi.com/news/)

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