Paying taxes is no fun. One way to make next years tax bill smaller is to contribute more to your 401(k) or 403(b) account. Read our weekly links to learn more how to pay yourself rather than the government. 2019 filing tips for retirees. The U.S. News & World Report If a $5.00 daily Latte…
The $800,000 Card
Social Security may be your most valuable asset. Unfortunately, many view it as an after-thought. Ignorance about its value abounds. My colleague, CFO, and Tax-Ninja Bill Sweet came up with this amazing stat. Homes have a median value of $221,800 and half of Americans have nothing saved for retirement. Something to think about. Many Americans…
Teaching The Right Lessons
The current Stock Market Game teaches kids all the wrong lessons. Jason Zweig nailed it when he said: “If your own children are studying the stock market in school, you had better ask them what they have been learning. They might need to be deprogrammed.” For many years my classes played and often won this…
Should You Sign-Up for a Netflix-Like Financial Subscription?
What do clients want most from their financial advisor? The overwhelming answer: A human being who cares about them. Tom Nally of TD Ameritrade nails it here: “In today’s age of technology, advisors should be automating everything they possibly can, whether it’s trading, rebalancing, planning, you name it. Because the least scalable resource they have…
It’s Monday Again…..When Is My Retirement?
Imagine if someone taught you about retirement savings twenty years ago? It’s never too late to learn. Start by reading this week’s terrific links. The biggest lie on Wall Street is small retirement investors need financial salespeople. Fortune How to create your own pension. A Wealth Of Common Sense Rob Gronkowski saved money in a…
What They Are, You Will Be
Time is more valuable than money despite what Benjamin Franklin says. How you view and spend it determines everything. There is a church in Italy named The Santa Maria della Concezione. Italian churches are very common. What’s uncommon are Santa Maria’s building materials. Discolored human bone substitutes for colored glass. Roman arches are created from…
Instagram U.
Why live in a dorm when you can live a castle? Our twin sons recently took the PSAT exam. Translation: Commence the bombardment of solicitations from expensive private universities. We live in a nice area and our sons go to a school with a very solid academic reputation. Our zip-code makes us a prime target…
It’s Monday Again…..When Is My Retirement?
If your retirement plan hinges on the results of the Mueller Report or the slope of the yield curve – It’s time to get a new plan. Read about what’s really important in this week’s awesome links. Cartoon source: Krueger & Catalano Addiction: The New Retirement Threat. Barron’s Teachers are being screwed in their retirement…
New Teachers Get an F On Their Pension Grades
Only 1/4 of new teachers break even on their pensions. Most won’t qualify for their pensions at all. Many who receive one receive less than what they put in. These startling facts are found in this disturbing report from Bellwether Education Partners and the Urban Institute. Only 23% of teachers will ever break even between…
Give me a Variable Annuity or Give me Death!
Welcome to the Theater of the Absurd – A.K.A. the U.S. Congress. There’s a good reason why the legislative branch is less popular than root canals and traffic jams. Last week, I traveled to Washington, D.C. with Dina, who was testifying why the SEC’s proposed Reg BI is insufficient to protect investors from the claws…
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