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Category Archives: Achieving Financial Independence


5 Bigger Risks Than The Stock Market

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

Senior SS check

No Favors for Seniors

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

family insurance umbrella

Beneficiary Issues

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  For many of those assets, that information may be outdated.


Create Your Own Private Retirement Pension

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


Life Insurance Key to Retirement Spending and Legacy Plan

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 and Greece, Two of a Kind?

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

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Why HSA’s go Hand in Hand with Obamacare and Retirement

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

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Fictitious Balance on Your 401k/IRA Account Statement

Your account balance carries a hidden surrender charge. Millions of working Americans contribute a percentage of their earnings to a 401k account while many also have IRA accounts, most of which were formerly 401k that were rolled over to IRA’s. While some people follow the

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Does 4% Retirement Rule Make Sense For You Today?

The most important and anxious questions I answer for my clients are:  “How much money will I have at retirement and will that be enough to live on? Of course, there are many variables in that calculation, one of the biggest is choosing an amount