Gary Duell

EVERYONE SHOULD DO ROTH CONVERSIONS

I should point out, again, that the titles of these blogs are Financial Myths.  Especially this one.Conversions from your pre-tax retirement accounts such as: Traditional IRA SEP IRA 401k 403b SIMPLE IRA TSA. etc. must be calculated every year to be sure you don’t bump yourself up into the next tax bracket . . . …

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Divinely Inspired Algorithms Can Beat the Market

As the case I’m going to describe would indicate, it is a solid myth that divine inspiration can feed your greed.   That is so wrong on so many levels, isn’t it?  But some investors apparently didn’t think so. (this blog post is based entirely on the case described in Wealth Management magazine regarding two Utah …

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Fiduciary Advisers Who Offer Insurance Products Are Just Out To Make Money

Just to be clear, this blog is about Financial Myths and the name of this post is indeed a myth.  Or can be.  There are “advisers” who sell insurance products in the absence of a financial plan in order to make a quick buck.  But at prevailing money management fee rates (1.02% as of 9/2020)an …

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ESG Funds Are Having a Moment – What It Means for the Modern Investor

CNBC recently published an article articulating the rise of investing in companies that rank highly on environmental, social and and governance (ESG) factors during the COVID-19 outbreak. Here is the link to the article. Interestingly enough, these funds were already experiencing big growth before the COVID-19 outbreak, with assets having doubled over the last two …

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MYTH : Trump’s Social Security Tax Holiday Will Help Employers and Their Employees

Well, this is a solid myth, that’s for sure.  Smart and ethical CPAs are recommending that their clients not just walk, but sprint away from the Memorandum Deferring Payroll Tax Obligation.  Let me preface this by declaring that I’m not an attorney and that all of this is my opinion.  But I can read and …

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Karl Marx, Jay-Z & SGI Funds have a lot in common

Usually the title of these posts IS a myth.  But believe this one is true.  Where did I come up with these seemingly completely unrelated topics?  Oddly, they were in the top 10 financial search words last month. Karl Marx Karl Marx Monument in Chemnitz First, what he was not.  Marx was neither Russan nor …

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