The 3 Worst Words for Investors

Industry lobbyists cheered. The reaction to the signing of the SECURE Act is ominous. Congress recently passed sweeping changes concerning retirement saving. The SECURE Act, among other things, raises the age for RMD’s to 72, eliminates the Stretch IRA and removes the 10% early withdrawal penalty for childbirth and adoption. Despite some good parts, a…

“Now You Do What They Told Ya” ….When Is My Retirement?

Your retirement plan is a compass, not a map. Learn how to navigate yours better by reading this week’s terrific links. What will it cost to retire in your state? MarketWatch Before you buy an annuity ask these questions. CNBC The fleecing of teachers 403(b) plans have no end in sight. Wall Street Journal Don’t…

How To Teach Kids To Trade Like Jim Simons – NOT

How do you become a millionaire trading stocks? Start out with $2 million. That’s the message of my trip to Port Jefferson’s schools famed stock market club. Last year, winning a competition which culminated in a trip to Washington D.C. established their fearsome reputation This year, they were banned from D.C. because of their success…

“You Didn’t Build That”

We’re all interdependent, whether we admit to it or not. Back in 2012, President Obama got himself into heaps of trouble for stating this. His opponents viewed his remarks as an attack on entrepreneurs and business. In reality, it was taken out of context. President Obama was referring to the fact that successful businesses need…

I Don’t Like Mondays…When Is My Retirement?

Here are three simple New Year’s resolutions to fortify your financial health. Save more Spend less Read our weekly retirement links Here’s what you should be spending the most retirement planning time on. Morningstar Here’s how Grandparents can help pay for college. Wall Street Journal Do you really need an annuity in retirement? MarketWatch The…

Nobody Knows Nothing – The Investment Fee Edition

32% of Americans believe they don’t pay any investment fees or have no clue what they are. Newsflash – your local financial salesperson doesn’t work for a non-profit. Unless you include your retirement account but I digress. Public school teachers deserve an F in fee comprehension. They have terrific tutors in conflicted annuity salespeople who…

I Don’t Like Mondays…When Is My Retirement?

The best gift you can give to yourself and your family is a sound plan for retirement. Start right here for free with this week’s terrific holiday retirement links. Avoid dollar cost ravaging your retirement. BlackRock How to avoid paying 50% of your retirement income to the IRS. Yahoo How to legally become a Snowbird….

The Retirement Version Of Voter Suppression

Insurance companies are trapping investors in escape room hell. In escape rooms, participating players learn the value of teamwork. Working together discovering clues, solving puzzles, and accomplishing tasks is the objective.  Escaping in the shortest time possible is the top priority. The problem with teachers 403(b) plans –  They aren’t a game. Many educators are…

Monday’s Coming Like A Jail On Wheels…When Is My Retirement?

What does the trade deal mean for a long term retirement plan? Absolutely Nothing! Read about what really matters in this week’s terrific links.   Most would be better off is they received their social security statements in the mail. CNBC You can buy a retirement home in Italy for $1.11.  Wall Street Journal How…