12921 Southwest 1st Road, Suite 215, Tioga, FL 32669

352-333-7990

The Lowry Letter® - 5/2/2026

May 02, 2026

First, some personal happenings:

Joseph III will be interning with us through the end of the summer. He finished his first year at BYU and is applying to the finance program. He will be assisting with research and other tasks. We are excited to have an additional Joe in the office.

Also, today is the birthday of Gladys (Joe Sr’s lovely wife) and we hope she has a wonderful day.

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  • This was not surprising to us, but this research shows how tariffs harm economic growth.  

  • We believe that sports gambling is terrible. According to Schwab, less than 5% of gamblers withdraw more money from gambling apps than they deposit. It is a problem that will intensify, even if most participants are able to avoid major issues.

  • Manufacturing capacity has increased for the last 4 years, but not all of that extra capacity is being used. We have to wait and see if demand can catch up to supply.

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A few weeks ago, we talked about how there is no single number that is the “right” amount to have to retire.
There are three variables that affect readiness for retirement:
1. What you want to spend in retirement
2. When you want to retire
3. How much you can save before retirement
Whether you can comfortably retire will depend on how these interact.
If you want to retire at 60 (age being the most important variable) then you will need to adjust your future spending target or how much you save in order to accommodate that goal.
Likewise, if there is a dollar amount that you want to spend each month, savings and retirement timing are the dials you can adjust.
Successful retirement plans begin with a clear understanding of what matters most to you. Sometimes those priorities change, and adjustments are made, but that is also part of the process.