Ideas to help preserve and grow your money
According to the AARP, about 10,000 Americans turn 70½ every day of the year. If you’re in that group, and have money parked somewhere that you’ve identified as a retirement account, get ready to start making withdrawals if you’ve not yet done so. We’re talking about Required Minimum Distributions or RMDs. Some of you reading …
Continue reading Using Required Minimum Distribution Rules to Benefit Charities
My Comments: My life in retirement is focused on helping others create an effective plan for their future retirement. To that end I’ve created an online school with courses that I’m marketing to employers as a way to help motivate their employees to think ahead. The author of the following has built an interesting website …
My Comments: I don’t care if you are in your 20’s or late 80’s, this is good information. If you can’t get online for some reason, find someone who can get online and help you explore what the author has to say. I'm hoping there's something here you can take advantage of. That is, unless …
Continue reading 15 Social Security “things” You Can Do Online
My Comments: As I write this on Monday, Sep 2, I suddenly realized I’d not heard a word out of the White House about how great the economy was compared to when Barack Obama was in the White House. I guess it’s all taken a back seat to the Labor Day weekend and, for me …
Continue reading Here’s a list of recession signals that are flashing red
My Comments: I’ve long since concluded that many economic decisions and trade policies espoused and implemented by the current administration are foolish at best and potentially disastrous. I have no idea who they are supposed to benefit. I minored in economics in college and have been professionally involved in the money business most of my …
Social Security was signed into law by President Roosevelt on August 14, 1935. It’s since become an ubiquitous part of the financial lives of virtually every American. COLAs, or Cost of Living Adjustments, started in 1950. But it wasn’t until 1972 that legislation provided that starting in 1975, automatic cost of living adjustments became normal. …
Money, and having enough coming in every month to pay our bills is critical to our sense of well being. Right now there’s a lot of turmoil and confusion across the global economic spectrum and many of us are getting anxious about how this is all going to play out. What follows is yet another …
Continue reading Where Are The Markets Likely To Go From Here?
Please note: I AM NOT AN ATTORNEY. DO NOT RELY ON ME FOR LEGAL ADVICE! This is the last installment of Top Ten Trusts. And a reminder there are dozens more than ten but these are the ones I've talked about with attorneys who have advised my clients over the years. Some of these trusts …
My Comments: Despite it being criticized back in the 1930’s as a Socialist enterprise, Social Security today is a fundamental staple of the financial world we Americans take for granted. It’s so fundamental that for those of us who receive Social Security retirement benefits, few could sustain our existing standard of living without experiencing severe …
Continue reading 3 Social Security Realities You Need to Face
First, I AM NOT AN ATTORNEY. DO NOT RELY ON ME FOR LEGAL ADVICE! However, I have been a financial planner for a long time and do know something about the relevance of trusts and how they might be used in a financial planning context. I decided to talk about this today ( and on …
Helping Define Your Financial Future 