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SIX Financial Steps You Should Consider NOW

Hello Social Security & Retirement Students!  My apologies if you get this twice; I’m using several often overlapping lists in my database. [A heads up:  All but the Calendly link are YouTube videos on each topic.  If they don’t work you may have to Ctrl-click or copy and paste into another browser window] Would you …Read More


I Hate Annuities

This is a myth.  I don’t use some of them, the expensive ridiculously high commissioned restrictive poorly performing ones.  But I agree with the authors of the article below:  I neither like nor dislike “annuities” as a class because they are a widely divergent collection of financial tools.  Some are indespensible and some are useless.  …Read More


Social Security is in Trouble

This is a solid, proven myth.  The only trouble Social Security is in is the same trouble it’s been in since before it was signed into law 84 years ago:  ignorant, malicious attacks by self-righteous ideologues. As quoted in Social Security Works:  The most important takeaways from the 2019 Trustees Report are that (1) Social …Read More


Holistic Financial Planning is Pleasant !

The title of this post is a possibility, that holistic financial planning can be fun!  But in my experience that is almost, without exception, a myth.  Because holistic planning involves frank discussions of the following not-so-fun topics: Death– I ask my clients to complete a Life Expectancy calculator.  Approximate longevity is essential for Social Security …Read More


Follow Your Gut

I want to profusely thank Brian Love for his excellent Behavioral Finance article in the latest issue of Financial Advisor IQ (The Incredible “Shrinking” Advisor).  Love’s article reiterates why the most important aspect of our profession is not securities analysis or projecting rates of return.  So I title this post with the myth that you should …Read More


All Advisers Are Well-Versed On Distributions From Retirement Plans

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 …Read More


ADVISERS DON’T MAKE ANY DIFFERENCE

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 …Read More


ADVISERS DON’T MAKE ANY DIFFERENCE

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 …Read More


I CAN’T AFFORD TO SAVE ANY MONEY THIS YEAR

The heading of this post is, as usual, a myth.  You can save money this year.  Thanks to WealthManagement.com for some of these tips: I think all parents of college-bound kids are aware of the FAFSA.  There is no charge for this application for student aid.  And the early bird gets the worm; funds are limited. …Read More


Congress Just Helped Save Social Security (not)

The sunny name of the Bipartisan Budget Act of 2015 belies the fact that it unnecessarily guts important provisions that benefit both married and divorced spouses.  AARP estimates that only 1/10 of one percent of eligible Americans take advantage of these provisions.  But, even if every single eligible beneficiary maximized the use of timing strategies, …Read More