Ideas to help preserve and grow your money
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: 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: 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
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 …
Your Balance Sheet Your household has a balance sheet. As you may recall from accounting courses you took along the way, a balance sheet has the assets listed on the left with liabilities listed on the right. That balance sheet for someone approaching or already in retirement might look like this: Assets: Human Capital …
Continue reading How to Spend Your Nest Egg ~ Probability vs. Safety First
My Comments: Over the years I’ve had many opportunities to help people plan how they want their money to both serve them during retirement and where it should go, or be used when or if, they become goofy and ultimately die. This is a little long, but a good read for any of you wondering …
Continue reading Revocable trust vs. will: A guide to estate planning
My Comments: As a financial professional working with local clients over the past 45+ years, there is a sub-title which substitute for the title given. It would read “Millions of retired folks are in retirement with not enough money”. Too often, with no new money coming in, the lessons to be learned to fix the …
Continue reading Millions of older workers are nearing retirement with nothing saved
My Comments: These comments from Dr. James Dahle resonated with me as a long-time financial planner. The 4% rule essentially says that if you take more than 4% annually from your retirement accounts, there’s a strong chance you’ll run out of money before you run out of life. The article may be a longer read …
Continue reading Is the 4% Rule Still A Valid Rule For Retirement?
Helping Define Your Financial Future 