Adding Annuities to a Diversified Investment Portfolio

My Comments: The following about annuities was written by Joseph M. Maas, a financial professional located in Seattle, WA. He has multiple credentials attesting to his financial expertise and is associated with an SEC Registered Investment Advisory firm. His title to the white paper he's written differs slightly from mine. As someone who has attempted …

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What Is a Mega Backdoor Roth?

My Comments: I truly wish I’d opened a Roth IRA years ago and properly funded it. No, I don’t enjoy paying income taxes though I fully understand the need for them. My biggest gripe is wealthy people and corporate elites avoiding paying income taxes at all. That said, if you’re planning to retire at some …

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Thanks to Kobach, Trump and conservative think tank, we know extent of voter fraud

My Comments: My mind tends to wander into oblivion when I read about Republican claims of widespread voter fraud. Then it gets upset when I read about state legislators across these United States taking pains to increase the difficulty normal citizens must overcome to cast legitimate ballots in elections. Despite widespread calls for factual and …

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7 Greatest Financial Regrets of Older Americans & How to Avoid Them

My Comments: I may be preaching to the choir here, but if you’re not yet ready to retire, or have years to go before you are, these thoughts may be very relevant for you. For many of us, retirement at some point in the future is a reasonable expectation, but since it’s in the future, …

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Market Predictions For The Week Of May 17

My Comments: Please understand the following article comes from an established financial professional with a far better understanding of markets than mine. He also offers 5 specific positions that he thinks will outperform going forward that I've NOT included here. If you want to know what they are, I leave it to you to visit …

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What You Need To Know In 2021 About The Roth IRA

My Comments: Ignore this financial planning device at your peril. Years before my retirement days arrived, I wrongly assumed my taxes during retirement would be relatively insignificant. Unless you have virtually no income, your income taxes will be a drain on your ability to maintain your lifestyle. If I had to do it over again, …

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Should I Take My Investment Gains Off the Table?

My Comments: The following thoughts from Tim Maurer resonate with me, both personally, as I am more or less retired, and because from time to time over the years, I’ve had similar conversations with clients. There’s no easy answer. As I’m also my own client now, what steps should I take to preserve my assets? …

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3 Great Retirement Funds (Yielding Up To 11%) Hiding in Plain Sight

My Comments: Retirement isn’t easy for anyone without enough money to sustain themselves. And how much you need to stay alive depends on where you live, how much you like to spend, or simply maintain the standard of living you enjoyed before retirement. The planning for this phase of your life also has to assume …

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The Fed May Be Saying It’s Time To Dump Stocks

My Comments: I survived the crash in 1987, the one in 2000, and was hurt by the crash in 2008-09. The last one because I was older, semi-retired, and without the ability to ride it out until the inevitable recovery. That we’ll have another crash is inevitable. The huge question is when will it happen …

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This Time, There May Not Be a Do-Over

My Comments: I tend to be an optimist, since pessimism seems too often a self-fulfilling prophecy. But there’s a lot to be pessimistic about these days. The future looks cloudy. On the other hand, I ask you to take yourself back to 1921 or even further to 1821 and try and see yourself as a …

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