Reasons to Convert Traditional Retirement Accounts to a Roth IRA

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 …

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27 Ugly Truths About Retirement

My Comments: Everyone with plans to retire needs to read this. It’s long, and perhaps has many thoughts you don’t want to deal with. As someone already retired, there are truths here that I’ve discovered we didn’t plan for and are paying the price today. Don’t be like me… by Alaina Tweddale \ 12 JUN …

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There are 2 kinds of recessions – and the U.S. is likely headed for something totally different than 2008

My Comments: If you’re like me, you’ve been overwhelmed recently by the recent event in Texas and haven’t allowed yourself to focus on much other stuff. One of those “other stuff” items is what is talked about here. No children will be killed, thank God, but if this plays out like I think it will, …

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Retirement Is a Transition, Not A Destination

My Comments: Personally, I’m still in transition. I tried to retire years ago, became terminally bored, so went back to work. I no longer work as hard nor am I as successful as before, but I’m still productive. At least in my own mind. That being said, I frequently encounter others who are starting to …

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Is Early Retirement a Good Idea?

My Comments: social media is alive with people retiring early, whatever that actually means. Most of my generation considered age 65 as the logical time to retire, given that age 65 was written into the financial code in the 1930’s when Social Security was introduced and became the financial saving grace for millions of Americans. …

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How Living Longer Will Impact Your Retirement

My Comments: My posts last week focused on the stock market and my belief we're not yet near the bottom of the current cycle. This week, my attempts will focus on retirement issues. If you're 39 or older, you should find something of value here. I make no apology for promoting my recently published book …

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8 Things to Know About Trusts

My Comments: First, a disclaimer saying that I’m NOT an attorney. Do NOT rely on what you read here without first talking with your attorney. Having said that, you will find this useful if you’ve ever wanted to speak from the grave or at least make sure that if you become goofy, your wishes will …

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Spending In Retirement – Part One

My Comments: Having more money is almost always a good thing. Having enough money is a function of your core expenses (food, shelter, transportation, healthcare, utilities, etc.) compared with discretionary expenses. Things like travel, entertainment, nice cards vs OK cars, etc.  You’ve spent the last several years of your life establishing a lifestyle and odds …

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Is Humanity Under Threat?

My Comments: Fundamentally, I'm an optimist. I like to think the glass is half full. In the almost 7 decades I’ve lived on this planet, by and large, I’ve been very lucky. Increasingly, however, I’ve come to think that before long, the glass will be half empty. Some of that comes from the fact that …

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What is the pending SECURE Act from Congress?

First, SECURE is the acronym for Setting Every Community Up for Retirement Enhancement. Someone stayed awake nights coming up with all that. Second, it’s an attempt to bring the federal regulations about money saved for retirement purposes further into the 21st Century. Too many Americans are grossly unprepared for retirement and many that are prepared …

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