College is way too expensive to approach without a plan. Too many people chose this strategy with disastrous results. Don’t be one of these people. Read our monthly links to gain knowledge and save money. Don’t forget someone has to pay for your retirement. 40% of seniors have no clue how much college costs. CNBC…
Don’t Be Anti-Social about Your Security
Social Security is a hidden gem. Too bad most people don’t possess the proper tools to unlock its value. According to InvestmentNews, 47% of Americans failed this basic five-question quiz. 51% believe their benefits wouldn’t be reduced if claimed at 65. 46% think a spouse can’t receive benefits if they have no work history. 80% believe they…
It’s Tuesday Again…..When Is My Retirement?
Check how cool financial planning magazine made my retirement pyramid. Financial Planning Retiring abroad may be cheaper but can be very inconvenient. MarketWatch Here is how you can really max out your retirement savings. Morningstar Aging boomers are reshaping senior housing. Curbed An alternative to a reverse mortgage for those house rich but cash poor. Slate Here…
Reddit Has No Monopoly on Horrific Financial Advice
Public school teachers have a better chance at winning the lottery than finding a real financial advisor. This Reddit post sums up what teachers face daily from insurance salespeople Many who saw this were shocked and outraged; we’re not. Nationwide, expensive insurance products are the solution for every financial need in public schools. In his…
A Checklist to Get You Started
I had the pleasure of speaking with Dina Cataldo of Soul Roadmap podcast to discuss “How to Reach Your Money Goals.” She has put together an informative and inspiring show aimed at giving people tools and strategies to live their best lives, and she covers a myriad of topics. It was a lively discussion and it inspired me…
Don’t Listen To Market Hecklers
Investors pay too much attention to things that mean too little. College athletes could teach them something about blocking out distractions. Before a 1997 Penn State vs. Minnesota football game, a Nittany Lion’s fan mercilessly heckled Minnesota’s kicker, Adam Bailey. Happy Gilmore was a popular movie during this period. The heckler spewed lines from one of…
It’s Tuesday Again…..When Is My Retirement?
Memorial Day Weekend is a time for gratitude and reflection. Many veterans were denied the chance to plan for their retirement. If you are reading this, you weren’t. Stop making excuses and get to work. What happens after you leave money to your heirs is what’s important. Next Avenue Planning for retirement should begin in…
Double Intense Carnage
“I hope to God I know what I am doing.” – General Dwight D. Eisenhower, Supreme Allied Commander Meticulous planning and a good deal of luck are two of the most important ingredients for success. Like the old saying goes, “Those who fail to plan, plan to fail.” This is true in creating a financial…
When Fees Go Up in Seconds, It’s Time to Go
A new client wanted to switch out of an annuity she had bought in her retirement account with a previous adviser. Needless to say, my antenna goes up when I see annuities in a retirement account because it is both unnecessary and expensive to own these insurance products for their tax-deferral benefits, when this feature…
Dream Hoarding Is the Ultimate Alternative Investment
Investors get what they DON’T pay for. Products like hedge funds, non-traded REITs and private equity are usually inferior to simple index funds. Expensive products ARE a decided advantage in the college application industry. According to Doree Lewak, “An increasingly common tactic is getting kids extra time on the ACTs and SATs because of a psychological…
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