Anthony Isola

What’s The Best Investing Advice Parents Can Give Teenagers?

Come for the education, stay for the compounding. What’s the best financial advice you can give to your teenagers? Explain the concept of compound interest and help them open up a Roth IRA. It’s that simple. According to William Poundstone,  proficiency in understanding how compound interest works is a notable predictor of income, wealth, and…

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

Not wearing a mask is equivalent to ignoring planning your retirement. Except, the stakes are much higher. Focus on your health by putting on a mask when you go out. Take care of your wealth by reading this week’s terrific links. Be very careful before you purchase an annuity. Morningstar Estate planning isn’t just for…

There’s No Price High Enough To Sell Your Soul

“Try to resist the low-hanging fruit, and above all, don’t sell your mind.” Janet Capron Pharmaceutical and Financial Services share something demonic  – misleading marketing. Both industries pay beaucoup advertising bucks to generate short term profits at the expense of the health and wealth of their clients. You don’t have to believe me. Ask Janet…

Join Us For A Fireside Chat With Vanguard

Teachers wish the only thing they had to fear was fear itself. Non-ERISA 403(b) plans are the night of retirement plans filled with indescribable terrors. Precisely the reason Vanguard decided to start a pilot program with us. The need to clean up this mess is decades overdue. The main problem Vanguard has struggled to gain…

Monday Is Coming Like A Jail On Wheel…..When Is My Retirement?

There is a big difference between paper and real investment losses. Buying high and selling low is a terrible retirement plan. There’s a better way. Start by reading this week’s terrific links. What are the five reasons to sell your stocks? A Wealth Of Common Sense Claiming your inheritance may take a lot longer due…

Are Retirement Plans Too Flexible?

Is taking money from your retirement account too easy? Some say, save the flexibility for gymnasts, not your 401(k). The pandemic caused congress to change withdrawal rules. Savers can take out up to $100,000 penalty-free and avoid paying high taxes by paying it back over three years. This unprecedented shock to our economy made this…

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

Save a little each week and you will end up with a little saved for retirement. Read about how to properly plan in this week’s terrific links. 7 tips for retirement that have nothing to do with your portfolio. The Simple Dollar American racial inequity for savers is mind-blowing. The New York Times Retirement loans…

It’s Time To Call 911 On 7702 “Retirement Plans”

Why are some insurance salespeople making up retirement plans???? It’s not too hard to figure out the answer. Can anyone say “Huge Commissions.” Collecting 70%-100% of hefty first-year premiums provides the incentive to hock this plan.  For the uninitiated, there’s a subsection of The Internal Revenue Code named 7702. The code explains the tax implications…

Everyday Is Like Monday…..When Is My Retirement?

  There are no bailouts for your retirement. Take responsibility for your own financial future by reading this week’s terrific links. Don’t chase yield, do focus on cash flow in retirement. Morningstar Four easy ways to organize your finances. MarketWatch Selling your home during a pandemic poses unique issues. The Wall Street Journal 40% of…

Picking Up Pension Nickels In Front Of A Steamroller

Figuring out how to take a pension can be a life or death decision. Mistakes cost millions of possible future dollars. Many New York school districts are tendering teachers early retirement packages. The pandemic tossed the state’s finances into chaos. A way to save money is by offering the highest-paid teachers financial incentives to retire….