If you have a desire to leave money for your spouse or kids, life insurance is the best asset to leave them. Notice I said “asset,” not ”investment.” At death, don’t investments morph into just another asset? I think so and I try to convey this to my clients. Life insurance is not an investment, […]
BETTER HAVE MORE MONEY Great news: people are living longer and healthier lives than ever before! Bad news: this means we need more money to allow for those additional years. It would be much easier to plan if we all knew the age at which we would die and worked backward from there. LONGEVITY RISK IS […]
Roth vs. Traditional IRA 8 Important Comparisons Deciding which retirement account type may fit your needs is an important step in retirement planning. The comparisons below provide an overview of the differences between the Traditional and Roth IRAs which may be a good resource for you. Remember…the Contribution Deadline for the 2013 Tax Year is […]
Your IRA or 401k is partially yours and partially the property of the IRS. Unfortunately, the IRS doesn’t tell you what they get until you make a withdrawal. RETIREMENT PLAN REALITY CHECK IRA Balance Marginal Tax Rates Yours […]
We all know that the U.S. Government is $17 trillion in debt and has made trillions of dollars in Entitlement promises for which it has no money to pay. Forgive me if I don’t trust politicians not to come after my hard earned income and savings with new or higher taxes in the future to […]
Last week, the stock market had its worst week in quite a while, including a 300 point sell off for the Dow. Is the next “correction“ finally underway for the market? When people talk to me about “the market,” why is it they usually mean the U.S. large company indexes? I guess they believe […]
In 2014, resolve not to “time the market”. “Time in the Market” is one key to long-term investment success. When you look at the chart below you will see just how bad retail (non-professional) investor’s performance is compared to what they could have made had they only been “buy and hold” investors. THE NUMBERS […]
Good planning can make life easy on retirees. Unfortunately, many people wait longer than they should to start planning. If you are wondering where to start or what you should review read about these three key mistakes that you should want to avoid: 1. Investing only in bonds or CD’s to generate income. This mistake […]
Kids have always been sponges when it comes to learning from their parents. As an adult, I can reflect on what I learned from my mom and dad. I admit (and am proud of) that I’m a lot like they were/are. Unfortunately, I’ve spoiled my kids more than I should have and am paying the […]
As a kid, I dreamed of being “a millionaire”. I figured I would be a professional athlete and make $100,000 per year, buy a mansion for my family to live in and be famous. Back then, (early 1970′s) it was a BIG DEAL to earn $100k in a year. Pete Rose, the all-time baseball hit […]
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