Everybody needs a non-financial retirement plan. Income projections and portfolio allocations have little value if you don’t plan to manage your most valuable asset – TIME. Many people retire without any idea how to spend this most precious commodity. Things start off on the wrong foot with the dreaded retirement party. According to Michelle Pannor Silver,…
It’s Monday Again…..When Is My Retirement?
Election day is this week. If you think your vote will influence the long-term returns of your retirement portfolio… You better think again. Here are this week’s terrific links. Are people going to0 far to save money by purchasing expired meat? The Wall Street Journal 401k, 403b, and IRA contributions limits for 2019. The…
NFL Finance 102
Protecting the vulnerable from financial predators is our North Star. In spite of their physical strength, NFL athletes aren’t immune to this financial virus. Our favorite NFL punter, Jeff Locke, has returned to give his unique take on the subject. Jeff watched Josh Brown’s video with David Byrne of Bright Lights. David is a former FINRA…
And If You Don’t Know, Now You Know…
October sucked if you held anything but cash in your portfolio. Not so much if you are a beleaguered teacher stuck in a crappy annuity infested 403(b) plan. Wait….what? A glimmer of light flickered in the darkest corner of retirement savings plans. For once, it wasn’t an oncoming train. Last month, the interest in 403(b)’s…
Comfortably Numb About Inflation
What could possibly go wrong with collecting a nice pension? Without an annual inflation adjustment, things are not as rosy as you think. Unlike social security, many pensions suffer reverse compounding of purchasing power over time. Public servants have pensions which are terrific in the short term, but not so much as the decades pass. Pension recipients are comfortably…
It’s Monday Again…..When Is My Retirement?
Retirement planning is very important but pales in comparison to the disturbing events currently happening in our country. If we don’t stop hating each other because of religion, race, political affiliation, or ethnicity all of our retirement futures will be bleak. With a heavy heart, here are this week’s links. Here are some signs…
Estate Planning Isn’t Just for Millionaires
Dina here… One of the greatest “gifts” I ever received from my parents did not feel like a gift a first; it was a torturous exercise, truth be told. Involving me in their estate planning would be something that would offer my entire family peace of mind, but not until much later down the road….
The Golden Annuity
Annuities usually benefit sellers more than buyers but not always. Insurance salespeople incessantly tout their benefits. For once, I concur. Introducing Ozzie and Daniel Silna, the former owners of the now defunct ABA basketball team the Spirits of St. Louis. In 1975, the NBA decided to absorb the struggling ABA. The catch was they were…
Retirement Infomercials Are Bad For Your Wealth
Following investment advice from an infomercial might be a form of financial suicide. It’s even worse when your advisor bases your retirement plan on its sponsored content. Tommy Vu set the bar very high with his 1990’s shtick. Before being shut down by the Feds, he became a legend in real estate schemes. His formula…
It’s Monday Again…..When Is My Retirement?
We needlessly worry over low probability events. Shark and terrorist attacks are highly unlikely. On the other hand, retirement is certain unless you plan on dying or working forever. I wouldn’t recommend either. How about using your time in a more productive manner? Start by reading this week’s terrific links. Is your 401(k) leaking? The…
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