Q. When Should Your Kids Start Their Financial Planning? A. As soon as they have a job. WHEN DID YOU START SERIOUSLY PLANNING AND SAVING? Please share when you started in the reply area below article. One of the biggest regrets many of my new clients share with me is that they wish they […]
Great News: We have weathered the storm of the Great Recession of 2008 and 2009! Cautionary News: The possibilities for you to experience losses in your retirement portfolio due to factors that affect the overall performance of the financial markets continue to exist. This risk, defined as MARKET or SYSTEMATIC RISK IS VERY REAL. As […]
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 […]
What a difference having a mortgage payment makes regarding your retirement plan affordability! Did you refinance your home loan for thirty years to take advantage of historically low mortgage rates? If so, you may be locked into a mortgage payment into your 60’s, 70’s or 80’s. Ouch! As you do your retirement planning, one of […]
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 […]
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 […]
When I went to college ( U. Of Iowa) the out-of-state cost was around $5,000. Four years and $20,000 or so later I and was done (thanks again mom and dad for paying). My first salaried job paid me $19,500, or almost the equivalent of what my four-year Big Ten school education cost. For the […]
- What’s your Tax Freedom Day? April 15, 2014
- What are Some Measures You Can Take to Protect Against Inflation? April 11, 2014
- Coming to Grips With One’s Own Mortality April 8, 2014
- “Cameron Frye, This One’s for You!” March 31, 2014
- When Should Your Kids Start Planning? March 25, 2014
- What Did You Pay For Your Kid’s College? Please Respond August 27, 2013
- Perks of Getting Older June 19, 2013
- Is College Worth it Today? An Alternative Idea November 5, 2013
- Romney Wins – Then What? October 18, 2012
- Why Health Insurance is Not “Insurance” November 12, 2013
- One Step Toward Affordable Healthcare for Startups (and the Rest of Us): […] a comprehensive health plan isn’t insu...
- Chris Flohr: Thanks for the great blog post! Dealing with the ...
- Brad Rosley: Glad you like it, thanks for sharing....
- Deanna: This blog is not only inspirational but also passe...
- Carole: Heya! I'm at work surfing around ylur blog from m...