Donald Trump is our President-Elect and a tidal wave of fiscally conservative change may be in store for our country. As a conservative (the less government intervention the better) , I couldn’t be more excited about the policy changes that have been promised. My economic
Perhaps it is time to take a fresh look at your portfolio and make sure you have a better understanding of the bonds or bond mutual funds you may own. Bonds prices have generally been rising for around 30 years as interest rates have fallen.
Sure you might lose money on any given day on a stock or stock mutual fund. What other risks are out there? Many people are taking much bigger risks than that and may not know it. Retirees earning too little or spending too much. Unfortunately
A quadruple slam against senior citizens today. I am not sure if things have ever been more stacked against seniors trying to get by on a fixed income than they are today. 1. Historically low interest rate returns – gone are the days when a
Most of your assets will never pass on through your will (assuming you have one). IRA’s, 401k’s, life insurance and annuities all have direct beneficiaries that were recorded when you first signed up for them. For many of those assets, that information may be outdated.
I imagine that most people reading this will end up never spending the principal of their retirement nest egg for fear of running out of money. At some age, well into those retirement years, you will realize you are too darn old (you have everything
Over the past several years, most of the clients that I have advised to purchase life insurance are retired and have no dependent need. The insurance has greatly helped their retirement spending and legacy plan. The only thing that would have been better is if
Illinois is Similar to Greece – Broke Illinois is like Greece in one obvious way: It over promised and under delivered on pensions and has little appetite for dealing with the problem. Illinois, with a population of 13 million (Greece has 11 million, though a
I’ve written about Health Savings Accounts (HSA) in the past (Are You Missing Out? – 23,000 Reasons I Love My Health Savings Account (HSA)) as being one of my favorite and most important accounts in my financial plan. With the high deductible, “Bronze” option being
Most of my clients tell me this isn’t true, because they pay their card balance off in full each month. I say, “That’s part of the problem!” We all have a propensity to spend up to what we know we can afford to pay