It’s Monday Again…..When Is My Retirement?

President’s week edition- Our Chief Executive has plenty or retirement perks. You don’t. Read this week’s awesome links to give yourself an edge. It’s impossible to eliminate all risk in your retirement plan. The Irrelevant Investor Here’s how to make retirement more romantic. MarketWatch Older American are cheated out of almost $3 billion a year….

Sometimes the Turkeys Shoot Back

“Good laws make it easier to do right and harder to do wrong.” William Gladstone Financial predators posing as investment advisors prowl New York State with little oversight. This might change – sooner rather than later. The NY State Assembly proposed Bill A2476 – aka The Investment Transparency Act. While not perfect, it should put a…

It’s Monday Again…..When Is My Retirement?

Even with his marriage issues, Jeff Bezos has no worries regarding retirement – You might. Start alleviating them by reading this week’s terrific links.   Here is the average 401(k) balance by age. Tampa Bay Times Think about these factors before signing up for a reverse mortgage in retirement. The Simple Dollar Even God can’t…

Hitler’s Bankers

Wall Street helped the Allies finance their World War ll triumph.  As usual, they hedged their bets. J.P. Morgan assisted Germany’s rebuilding after The Great War. Morgan’s Thomas Lamont spearheaded the renegotiation of reparation payments and organized other Wall Street banks to bail Germany out with loans. It didn’t stop there. Along with other New York bankers, Lamont…

Teaching Teachers To Change the World

“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” If teachers don’t understand why having an expensive annuity in their 403(b) is a horrific idea, how can we expect them to teach our kids about money? We may have found…

It’s Monday Again…..When Is My Retirement?

It’s estimated $5.42 Billion was wagered on the most recent Super Bowl. Imagine if that money went into people’s retirement accounts instead? Start making better decisions by reading this week’s terrific links. People tend to choose their retirement investments by funds at the top of the alphabetic lists. MarketWatch People will always fall for getting rich quick…

Pay Money To Invest and Then Pay Even More

Would you buy a ticket to a game you can’t see?  Introducing the worst financial product since the variable annuity:  The “In the Building Pass.”   Warriors’ zealots pay $100 for every home game, but there’s one small catch – no seat is included.  Fanatics watch on T.V.s throughout the arena but there are no views of the…

It’s Monday Again…..When Is My Retirement?

Watching this year’s Super Bowl is more important to some people than having an intelligent retirement plan. Don’t let a bad call by a referee or temporary market hysteria derail your future. Start by reading this week’s links. Ten retirement lessons you won’t forget. MarketWatch If you want to move to another state when you…

You Know Nothing, Financial Advisors!

Many advisors speak at clients rather than to them, unknowingly detouring into financial frivolity. Terms like yield curve, alpha, support and resistance levels, factor investing, and risk premium confuse, bore, and scare civilians. What do average people want to know? According to the InvestmentNews: “Rollovers and understanding employer matches were frequent questions, but the topic…

Relentless Optimism

Dina here… Like most people, I have a real soft spot for the underdog. Yanely Espinal has a unique story to tell, but the theme of trying to make a better life is at the core, and that story never grows old for me. Her parents immigrated to the U.S. from the Dominican Republic and had…