Is it possible that even though President Trump’s tax reform proposal preserves the standard deductions for retirement plans, it will still provide disincentives to save? Maybe. The effect of unintended consequences is always the wild card. The potential problem has to do with pass-through entities, which include sole proprietorships, S-corporations, partnerships, and limited liability…
Teacher? I Prefer the Term Educational Rock Star
It is hard to get something out of your system that you did for twenty years. Even though I could not stand annoying helicopter parents or attending dumb ass meetings, I really enjoyed teaching kids. A lot of people said I was pretty good at it; maybe I was and I certainly had fun along…
It’s Monday Again…..When Is My Retirement?
Good Morning! Here are this week’s retirement links. Have a great day. Tax Reform Anomaly Could Diminish Some Companies’ Need For 401(k) Plan – InvestmentNews I’m Going To Work Until I Die – The Washington Post Social Security Cola Could Get Wiped Out By Medicare Costs – InvestmentNews Having Children Can Ruin Your Retirement –…
The Retirement Monster Among Us
What is the biggest problem facing retirement investors? Crummy products coated with high fees? Salespeople posing as real financial advisors? Owning too much company stock? It turns out the answer is none of the above. Cash-out leakage is the retirement monster among us. “Premature distributions, cash-outs of retirement accounts, and defaults on loans are major sources…
Living In a Financial Commercial
Most people live in the commercials, not the main event. Data has proven that deep, uninterrupted thinking leads to great accomplishments. Unfortunately, most of us spend huge amounts of time on things that get us nowhere. Checking how many people “liked” your witty comment on Twitter is not the path to the Nobel Prize. “It’s…
It’s Monday Again…..When Is My Retirement?
Good Morning! Here are this week’s retirement links. Have a great day. Let’s Agree On An Age To Retire – The Wall Street Journal A Price On Your Head – HumbleDollar Women Planning For Non-Retirement – Enterprising Investor Want To Work Past Retirement Age? Here’s The Flaw In Your Plan – MarketWatch Women Are 3…
Four Ways To Fortify Your Sales Resistance
How can you create your own financial B.S. detector? According to the U.S. Department of Labor, investors pay unnecessary investment costs to the tune of $17 billion per year. This wreaks havoc on retirement plans which leads to many unpleasant side effects. Don’t be a patsy for persuasion. Learn how to ask the RIGHT questions…
Paranoid and Deranged Behavioral Algorithms
We are all delusional. Our feelings, for the most part, in no way depict reality. “Feelings were designed to get the genes of our hunter-gatherer ancestors into the next generation.”- Robert Wright Beliefs involved deluding our ancestors, often making them so fearful they saw things that were not there. Emotions designed for gene passage give…
It’s Monday Again…..When Is My Retirement?
Good Morning! Here are this week’s retirement links. Have a great day. Pay Off Student Loans Or Save For Retirement? – The Wall Street Journal How To Win At Retirement Savings – The New York Times Where To Look For Plain And Clear Answers On Social Security And Medicare – MarketWatch The Ultimate Guide To…
Announcing the Teachers (b) Planning Podcast
We are happy to announce our new podcast: Teachers (b) Planning. While there are a gazillion podcasts out there, ours is a bit different. We deal specifically with the problems (too numerous to mention here) that are inherent in most K-12 public school 403(b) retirement plans. Simply put, most teachers’ investment options really suck. The…
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