Unlike Antonio Brown, most of show up for work and respect our bosses. This won’t guarantee a successful retirement but reading this weeks’ terrific links might. Low-interest rates aren’t good news for pensions. MarketWatch Not knowing the difference between a 401(k) and an IRA can lead to very expensive mistakes. The Wall Street Journal Parents…
The Antonio Brown of Annuities
Timeshares and investment never belong in the same sentence. Replacing Timeshare with Indexed Annuities leads to similar results. Many are marketed with the calling card of Charlatans since the beginning of time – Low risk, high returns. 95% of funds invested in Indexed annuities go into bonds. The rest is allocated to derivates, or call…
Get Busy Living, Or Get Busy Dying
Why can’t we plan our working lives the same way we plan for retirement? Waiting for 75% of life to pass by before doing stuff you enjoy is a pretty dumb strategy. The concept…the very idea…of retirement is dumb. Waiting until some arbitrary age to enjoy life PLUS stopping all meaningful work all at once…DUMB….
“Monday’s Coming Like A Jail On Wheels”…..When Is My Retirement?
Every year there’s Labor Day, Retirement Day is up to you. Learn how to make this day happen by reading this week’s terrific links. Most Americans pay a steep social security penalty. MarketWatch Moving near grown children in retirement may not be a good idea. next avenue Pre-retirees need to stress test their portfolios. Morningstar …
When Is Enough, Enough?
Compounding has its limitations. The ancient stoic philosopher Seneca, spent years pondering this issue and concluded: “If you wish to make Pthocles rich, do not add to his store of money but subtract from his desires.” The Daily Stoic modernized this sentiment. “Changing your understanding of what it means to be rich might be more…
It’s Monday Again…..When Is My Retirement?
Retiring without a plan is like sailing across the ocean without a map. Either case, you end up lost- or worse. Start finding your way by reading this week’s terrific retirement links. Why are 401(k) balances so low? MarketWatch The dangers of having too much stock in your retirement portfolio. Morningstar Using your retirement portfolio…
No Advisor Can Serve Two Masters
Misleading investors using confusing jargon is a feature, not a bug of financial services. Introducing: Fee-based financial advice! This is not as bad as the infamous “fee-free” moniker but still misleading at best; unethical at worst. Investors face a mind-blowing array of bewildering acronyms regarding advisor credentials. Do they need a new designation to ponder?…
It’s Monday Again…..When Is My Retirement?
If your long-term retirement plan depends on the slope of the yield curve. you need to make a new plan. Read about what’s really important for your retirement in this week’s edition of our awesome links. It’s really hard to think long-term. The Irrelevant Investor Cheating on the FAFSA form is a great way to…
Two Steaming Piles Of 403B.S.
Teachers in Pennsylvania and Texas are waking up screaming from a midsummer night’s 403(b) nightmare. Traditionally, large insurers enjoy blasting teacher’s retirement accounts with high fees and unnecessary products. Two states are willing accomplices to mass financial exploitation. Pennsylvania and Texas passed some of the most blatant anti-consumer 403(b) legislation in modern history. Deciding it…
It’s Monday Again…..When Is My Retirement?
Saving for retirement isn’t easy, neither is living your golden years without enough money. Make the right choice. Start by reading this week’s terrific links. Here are 10 awesome retirement charts. Retirement Field Guide Is a personal trainer more important than a financial advisor for retirees? MarketWatch The new Texas 403(b) law is pretty heinous….
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