I’m sure you’ve heard about annuities. Some of them can be imagined as a "Swiss Army Knife" when it comes to retirement planning, a versatile companion that serves multiple purposes, much like the trusty Swiss Army Knife I've carried for years. In this post, I'll describe a financial product tailored for your retirement journey. While …
Continue reading An Interesting Analogy for Retirement Planning
My Comments: This post follows up on my previous message about Social Security, aiming to clarify program details. Now, let's delve into the decision-making process for when to apply for benefits. The primary uncertainty in this decision revolves around one critical factor: the unknown timing of your departure from this world. This factor determines whether …
Continue reading Should You Take Social Security at Age 62, 67, or 70?
My Comments: An email recently appeared in my inbox from a Deloris Johnson who identified herself as the Community Outreach and Senior Advocate for an organization called Caring.com. I clicked on the link she sent and found myself looking at A Guide to Social Security for Seniors. I've been a Social Security benefit recipient since …
My Comments: From time to time I wonder if I have any unclaimed funds that have been forgotten. This article caused me to pay more attention as I have no memory of ever getting a stimulus check. Yesterday, I had a conversation with a client who asked since she had no recollection of ever getting …
Continue reading Millions of People Still Haven’t Claimed Their 2021 Stimulus Checks
My Comments: I’ve now lived on this planet for more than 8 decades. This is an issue I've been aware of for perhaps 4 decades and today leaves me frightened for my children and grandchildren and for society in general. We are now faced with politicians who assert this is simply a hoax, a Socialist …
My Comments: This is Part Three and the last one in this series. My hope is you’ve read Part One and Part Two and ready for Part Three of the series and for it to end. I’ve attempted to provide the reader with a comprehensive and somewhat detailed overview of annuities and how they can …
My Comments: Two days ago I posted Annuities: Part One. In this post my attempt is to expand on a readers understanding of annuities in general so that if anyone sees this as a viable way to set aside money for the future, they’ll have a better understanding of the variables involved and how they …
My Comments: This post is for those of you who might be considering an annuity to help fund your retirement. It appears here as Part One with Part Two and Part Three to follow this week. It’s long and detailed so you’ll likely find yourself in the weeds from time to time. My source of …
My Comments: These words were spoken at least 30 years ago by Dr. Alan Loy McGinnis at a meeting of the Million Dollar Round Table, an organization representing the elite among life insurance salesman across the country. Whenever I feel the need for a mental boost, I re-read his observations about life and how to …
My Comments: Virtually all of us in retirement need an income. If we continue to work part time, that’s active income. If we rely wholly on Social Security, qualified retirement accounts, or other accumulated assets, that’s considered passive income. Most of us are no longer working for money and instead money is working for us. …
Continue reading How To Build A Mutual Fund Portfolio For Income
Helping Define Your Financial Future 