January 2020

“I’m Kinda Sad Tomorrow Is The Last Day”

“Kids don’t remember what you try to teach them. They remember what you are.” Jim Henson The only thing better than teaching personal finance to kids is doing it with a bunch of great people. Last week, we taught a full week mini-course at The Stony Brook School. Dina and I laid the groundwork. Bringing…

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

This week we taught a 5-day mini-course to a group pf H.S. Students. Imagine if you had this opportunity when you were their age? Instead of crying over spilt milk, do the next best thing.  Read this week’s terrific retirement links and make up for some lost time. 57% of Social Security recipients pay a…

How To Pay For College On $186.28 A Month

Imagine paying for college with a subscription plan that’s cheaper than your monthly cable bill. Prepaid-tuition plans might be the answer to your prayers. Just like regular 529s, pre-paid tuition plans are tax-advantaged. Earnings and distributions are tax-free provided you follow certain guidelines. PREPAID TUITION PLAN This plan enables the account holder to buy credit…

Mondays Coming Like A Jail On Wheels…..When Is My Retirement?

The Houston Astro’s cheated their way to a World Series victory. Don’t expect to do the same with your retirement plan. Take the honest road by reading this week’s terrific links. How to make an estate plan for your pet. Forbes How much can you contribute to a 403(b) plan for 2020? Kiplinger What states…

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…