My Comments: My hope is all of you had a wonderful Thanksgiving with family and/or friends. Yes, it’s Friday and for some still a holiday, but I’m trying to keep to my blog post schedule. Most of my investable money today is in a Vanguard cash reserve money market fund. It’s current yield is about …
Continue reading This Is One of the Worst Stock Market Mistakes You Could Make Right Now
My Comments: I prioritize the following this way: #1 - #4 - #5 - #2 and #3. Yes, some of this is self-serving as I’ve been in the retirement planning business for almost 50 years. And yes, I’ve created an online course that features 8 critical questions you must ask of yourself, and answer, if …
My Comments: If you are 65 or older, chances are very good you're enrolled in Medicare. If your physician(s) have you taking prescription drugs, some of which can be very expensive, you need to take advantage of the open enrollment period that ends on December 7. At the very least read these words by Lennie …
Continue reading How to nail down the Medicare Part D plan that will save you the most money
My Comments: Despite being a financial planner and investment advisor for almost 50 years, earning a living and growing a family, the reality is I didn’t do a good planning job for myself. Looking back I now realize my clients did better with their money than I did with ours. I had too many choices …
Continue reading An Uncomfortable Truth About Aging and Retirement Planning
My Comments: A family member is thankfully near the end of a 12–15-month process to successfully complete an inheritance. The person who died had some assets in a revocable trust but many were not. The effort to complete what is often a long probate process has been complicated by an IRA owned by the deceased …
Continue reading Four Reasons Retirees Need a (Revocable) Trust
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: 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 suspect this question posed to an online site is more common than not. Too many Americans these days have too little money saved and aging is catching up with them if it hasn’t already. The article referenced below attempts to provide an intelligent answer, and for the most part it does. However …
My Comments: Despite the fact I’ve been involved with the management of money for almost 50 years, I still have no clue where it’s going next. All I can say is it will be either up or down. Meanwhile, I have a little money needing management and all I’m confident about is adding a little …
Continue reading U.S. Money Supply Is Doing Something Not Seen Since the Great Depression
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
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