January 2020

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…