• It’s too expensive • My attorney takes care of that • Planners just want to sell me something • Too complicated • It may jeopardize my own financial security • My children want me to spend it all • Leaving too much to my children can make them unmotivated • My children are financially …
Tag: Retirement planning
10-Year Investing Forecast: Takeaways for Advisors & Clients
My Comments: When you look back ten years from now and wonder if this article came anywhere close to reality, you must remember that people are much happier with you if you estimate low returns and reality turns out to be high, rather than the other way around. The charts are hard to understand, at …
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Wealth Managers Enlist Savvy Spy Software to Map Portfolios
My Comments: I’ve been playing this financial game now for almost 40 years. And like so much in today’s world, it’s very different today than it was then. Technology forces us to embrace new thoughts and ways to deal with so much in life. When it comes to managing your money, my role as an …
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New Longevity Annuity Rules: 5 Things to Know
My Comments: Earlier this week I introduced the idea of a QLAC. If you didn’t see it, click on the link and check it out. Some of you are going to want to use this contract as soon as it becomes available this fall. Others are going to think about how your investment mix will …
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Sensible Expectations for Inflation
My Comments: When I talk with prospective clients and those already clients, I talk about existential risk. These are risks that may or may not happen, depending on any number of variables. One of them is inflation since it reduces the purchasing power of your dollars over time. Another existential risk is the financial burden …
3 Market Warning Signs Predict 20% Stock Tumble
My Comments: No need for any commentary from me. Just draw your own conclusions, and hope that if the author is right, you’ve talked with me about how to make money when everyone around you is losing theirs. On the other hand, essentially this same argument was made last April and yet the crash has …
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5 QLAC Questions and Answers
My Comments: QLAC? What the heck is a QLAC? By Jeffrey Levine / July 18, 2014 On July 1, 2014 the Treasury Department released the long-awaited final regulations for Qualifying Longevity Annuity Contracts (QLACs). These new annuities will offer advisors a unique tool to help clients avoid outliving their money. The QLAC rules, however, are …
Increased Consumer Spending Driving Strong Economic Growth In USA
My Comments: On Thursday, July 30 the market dropped 300 points. The blogosphere and media were all a chatter about "was this the start of the correction?". Who knows ?!? It illustrates why those of us who profess to be financial advisors are more in the dark than you are. Here we are talking about …
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Obama Needs to Play The Honest Broker in the Mideast
My Comments: It’s Friday, I’m looking forward to the weekend, and yet the world keeps spinning and I can’t keep up. I’ve found myself turning off the TV when I find airheads talking about Isreal and Gaza, not because it isn’t important, but because I’m tired of hatred that has no other rationale than “my …
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What You Don’t Know About Social Security—but Should
My Comments: You may not agree with me but Social Security is a complicated issue. If you hope to find a quick and easy summary of what is implied by the title, you'll be disappointed. My assumption is that if you haven’t yet applied for Social Security benefits, that day will come, and statistics tell …
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Helping Define Your Financial Future 