Ideas to help preserve and grow your money
My Comments: When I was working aggressively to set aside money for retirement, the disadvantages of an HSA were stronger than the advantages. And I was then much younger and the full impact of health issues later in life had not yet been appreciated. And if I recall, if you died and there was money …
Continue reading The HSA – A Retirement Account Recommended for Anyone
My Comments: Once you reach adulthood, there are, in my opinion, three fundamental phases of life to experience. I refer to them as the GO-GO years, the SLO-GO years, and the NO-GO years. If you’re still in your GO-GO years, you should be to thinking about the next two phases. To a large extent, the …
Continue reading The 3 Fundamental Questions of Retirement Planning
My Comments: There is a growing sentiment that the stock and bond markets we watch on a daily basis are increasingly likely to experience what most of us think of as a crash, and soon. Just how soon is anyone’s guess, but I, for one, have moved most of my invested funds into cash equivalents. …
Continue reading Four Reasons The Next Recession Will Be Worse Than The Last One – Analysis
My Comments: FULL DISCLOSURE… There’s a fifth way to use your home equity not described here, but you have to be age 62 or above. Why do I know this? I recently passed a national exam and will soon be gainfully employed by a company called Top Flite Financial as a mortgage broker, specializing in …
My Comments: Here’s the scenario: you’ve worked a long time, set aside money for retirement, and it’s now time to pull the plug and RETIRE. You realize you need income from the various pots of money you’ve grown over the years, so you start withdrawing what seems like the right amount every month. A rule …
My Comments: As someone who will reach age 80 this month with 40 plus years in the bank as a financial advisor, I’m very well aware that “estate planning” has many meanings, depending on how old you are and/or how much money you don’t have. That being said, in my years as a financial planner, …
Continue reading 6 Essential Estate Planning Documents Every Adult Needs
My Comments: At some point in your life, when it comes to savings and investments, you much choose to either find someone you trust to help you or agree that you can do it more or less alone. Put your money to work and then, depending on your degree of paranoia, leave it alone. If …
Continue reading 15 Best Vanguard Mutual Funds for Investors of All Stripes
My Comments: In the last few days, the Social Security Administration said that due to Covid, the time when benefits will have to be cut from current levels shrunk by about a year, to maybe the mid 2030’s. I don’t know about you, but with any luck, my wife and I will still be alive …
Continue reading The Best Way to Resolve the Social Security Crisis Is Plain as Day
My Comments: Here we are again with another flip-flop. By now you know I have absolutely no clue WHEN a crash will happen, just that it will. If you think what the writer below is saying is nonsense, that’s OK. It may be. On the other hand, I made a living for decades trying to …
Continue reading History Suggests a Stock Market Crash Is Likely
My Comments: It’s a fact of life that as you age, your abilities decline. You can’t run or walk as fast, or as far. For some, they can’t even get out of bed by themselves. Which raises the question for all of us: At what point is it necessary to get outside help to get …
Helping Define Your Financial Future 