My Comments: By the time they arrived on the scene, I felt there wasn’t enough time left for me to grow a meaningful amount in the few years I had left to work. So, I never opened a Roth IRA. I wish I had but it didn’t happen. I now have many clients with Roth …
Continue reading Reasons to Convert Traditional Retirement Accounts to a Roth IRA
My Comments: Everyone with plans to retire needs to read this. It’s long, and perhaps has many thoughts you don’t want to deal with. As someone already retired, there are truths here that I’ve discovered we didn’t plan for and are paying the price today. Don’t be like me… by Alaina Tweddale \ 12 JUN …
My Comments: For the past few decades, I’ve talked with clients about the 4% rule. It has long been the standard rate for taking money from your retirement accounts to help make sure you don’t ever run out of money. Recently, it’s been criticized as no longer realistic, mostly because so many of us are …
Continue reading Is The 4% Investment Withdrawal Rate Still Valid?
My Comments: Everyone who has paid into the Social Security system for 40 quarters (10 years total) has roughly 96 months to choose from to claim benefits once they reach age 62. Too many of us decide to take it as soon as possible. For years I’ve hosted workshops on Social Security, in an attempt …
Continue reading The Best Reason to Take Social Security Long Before Age 70
On this day, 78 years ago, my father was one of 160,000 Allied troops who landed in Normandy as part of the effort to defeat Adolph Hitler and the Axis forces. At the time he was serving in the British Army and landed in the British sector on the Normandy coast as a member of …
Continue reading June 9, 1944, D-Day+3, A Day in The Life of Richard Kendzior
My Comments: For more years than I can remember, I’ve tried to help others make good decisions about their money. That was easier than trying to make good decisions about my personal money since I have more objectivity toward them than I am for myself. I’ve also learned that of the two “Morgan” companies on …
Continue reading A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick.
My Comments: Yes, inflation numbers appear to be cooling, unemployment numbers are really low, but the people and thought leaders I’ve followed for years suggest we are nowhere near another economic growth cycle. So, what does that mean for money you may have invested in support of your retirement, whether it’s happening now or somewhere …
Continue reading The Numbers Don’t Lie: The U.S. Economy Is in Trouble
My Comments: If you’re like me, you’ve been overwhelmed recently by the recent event in Texas and haven’t allowed yourself to focus on much other stuff. One of those “other stuff” items is what is talked about here. No children will be killed, thank God, but if this plays out like I think it will, …
The Employee Retention Credit or ERC is an element still in play from the CARES Act that was the Congressional response to the Covid pandemic. Originally, it was set to expire at the end of 2021. However, there are still many millions of dollars waiting to be asked for and claimed. According to the National …
My Comments: Personally, I’m still in transition. I tried to retire years ago, became terminally bored, so went back to work. I no longer work as hard nor am I as successful as before, but I’m still productive. At least in my own mind. That being said, I frequently encounter others who are starting to …
Continue reading Retirement Is a Transition, Not A Destination
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