This is a mercifully short blog just to drive home a few points.First, the heading -30 + 43 = 13 is indeed a myth, it is false . . . if we’re talking about rates of return. The correct math is this; -30 + 43 = 0 or, more precisely, -30% + 43% = 0% […]
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 . . .
EVERYONE SHOULD DO ROTH CONVERSIONS Read More »
I hope the degree to which this topic is an absolute myth is obvious. Sometimes I wish the framers of the Constitution had also listed a Bill of Responsibilities. I’ll just leave this article here for you to read and to reach your own conclusions. What does this have to do with financial planning? Context
Democracies Guarantee Absolute Freedom Read More »
This post heading is NOT a myth, for once. Think about common risks in your life and the tactics you use to minimize or avoid them. If you’re trying to lose weight then you burn more calories (read: Exercise) and consume fewer or at least better calories (quality proteins, greens, fruits & oils versus sugars,
THE TWO MOST IMPORTANT FINANCIAL TOOLS FOR 2017 Read More »
1. Gary Duell, you are the Owner and Founder of Duell Wealth Preservation. What sparked your interest in this line of work and what were you doing professionally prior to this firm? What is the history of this firm? * I began my career as an agent for Farmers Insurance. *After 15 years I was
Interview with The Suit Magazine Read More »
Yes this is a myth. And here’s a case in point from IRA guru Ed Slott’s recent article in Financial Planning magazine. The Greens were awarded $50,000 by the arbitrator! PRACTICE FINRA Award Goes to Client After Advisor’s Tax Oversight By Ed Slott April 11, 2016 Twitter LinkedIn Facebook Google + Email
All Advisers Are Well-Versed On Distributions From Retirement Plans Read More »
This blog title isn’t a myth and I’m sure doesn’t appear to have anything to do with things Financial. But it does. Bear with me.Throughout elementary school I was in most cases the smallest kid in the class. Even the girls. As a result I was alluring fodder for the bullies. One especially relentless and
What I Learned From Bullies as a Child Read More »
Well, according to a recent survey by John Hancock Retirement Plan Services (as reported by the American Retirement Association) there is “an impressive retirement preparations gap among those who use the services of a financial advisor”(sic) and those who do not. Here are some stats: Regarding 401(k)s, those with advisers were more than twice as
ADVISERS DON’T MAKE ANY DIFFERENCE Read More »
Well, according to a recent survey by John Hancock Retirement Plan Services (as reported by the American Retirement Association) there is “an impressive retirement preparations gap among those who use the services of a financial advisor”(sic) and those who do not. Here are some stats: Regarding 401(k)s, those with advisers were more than twice as
ADVISERS DON’T MAKE ANY DIFFERENCE Read More »
This blog heading is colloquially true, especially when it comes to Investment Adviser contracts. A recent review of compliance violations found- first of all- that 22% of advisers didn’t have contracts with their clients. A contract isn’t required unless a fee of some kind is collected from or owed by a client. So if you
THE DEVIL IS IN THE DETAILS Read More »