My Comments: Once again I’m grateful to Erik Conley for his insights on what to me might otherwise be something from ancient Greek translated into modern Arabic. That’s because I generally have no clue what the technical wizards in the world of money and investments are talking about. But this one, maybe because the explanation …
Author: Tony Kendzior, CLU, ChFC - Financial Planner
I've lived happily, raised a family, and enjoyed a professional life in Gainesville for over 50 years. The next several years are full of promise. My goal is to find new clients, new friends and somehow share the wisdom I've accumulated over these many years. And when I have time, play a little golf and travel with my family. Cheers!
Save Your Retirement with a Reverse Mortgage
My Comments: Many of you may have negative thoughts when you hear the term ‘reverse mortgage’. At one time that reaction was reasonable, but not any longer. Today, they are a legitimate financial planning tool that advisors like me employ when the circumstances are appropriate. As you will read below, they can be a life …
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8 Facts You Need to Know About Stock Market Corrections
My Comments: Virtually every employed person in the US has some expectation of getting older and having to survive on resources accumulated over the years. A great many of them have money accumulating in retirement accounts that to some extent depend on continued advances in the stock and bond markets. It’s very easy to go …
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Is Early Retirement a Good Idea?
My Comments: social media is alive with people retiring early, whatever that actually means. Most of my generation considered age 65 as the logical time to retire, given that age 65 was written into the financial code in the 1930’s when Social Security was introduced and became the financial saving grace for millions of Americans. …
The 1-Minute Market Report for February 4, 2022
My Comments: Among my weekly reference points is this 1-Minute report that appears from time to time from Erik Conley on a website called Seeking Alpha. You normally need to be a subscriber to see it. That being said, here’s what I found this morning. If you want more than a quick summary, you may …
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“I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?”
My Comments: Please note the author’s comments below are typical of someone well versed in the stock and bond markets, making a valiant effort to be relevant and helpful. However, as someone who has worked with soon-to-be-retired persons for decades, there are often more palatable solutions that cost less and offer more flexibility to the …
5 Commonly Held Beliefs About Retirement That Are Simply Wrong
My Comments: Where are you today in your life’s trajectory? If you’ve already reached 25 years, or can remember that far back, was there ever a thought in your brain the day might arrive when you celebrate your 65th birthday? Probably not. But millions of us do reach that milestone, and for better or worse, …
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The 4% Rule Might Not Work Says This Retirement Expert
My Comments: This 4% rule has seemed problematical for some time now. It surfaced years ago as a way to decide how much to withdraw every year from retirement assets to make sure you didn’t run out of money before you ran out of life. The idea here is in response to the observation that …
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“When I Turn 65, What’s the Best Insurance for My Family?”
My Comments: Turning 65 triggers an important event in the lives of millions of Americans. While it’s no longer the default age at which someone stops working for money and instead has money working for them, it’s the point in time when everyone becomes eligible to sign up for Medicare. Medicare is the fundamental source …
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Something Unusual to Help Pay for Retirement
My Comments: The inspiration for this post came from a recent email to me from Don Graves. He’s a published thought leader on the idea behind this post. What follows is essentially my efforts to paraphrase his comments and to present to you an idea that has significant merit. As a retirement planner for longer …
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Helping Define Your Financial Future 