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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


Annuities and the F-WORD Belong in the Same Sentence.

I’ve had the good fortune to meet and work with Frank Maselli.  He is a brilliant, affable and hilarious adviser to advisers.  Below I’ve simply cut and pasted a great and timely article he just wrote for us advisers. Published on March 8, 2017 LikedUnlikeAnnuities & The F-Word! 25 Comment 6 ShareShare Annuities & The F-Word! …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


THE TWO MOST IMPORTANT FINANCIAL TOOLS FOR 2017

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, …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


You Can Wait Until You Are 62 To Plan How to Take Social Security Benefits

The title of this post isn’t a myth.  It’s true.  You can wait until age 62.  It’s just a bad idea.  If you are 50, you may still have time to start working on an ideal cash flow plan for your 60’s & 70’s. I know.  So much can change over 10, 20 years.  And a …Read More


There is One Best Trick for Maximizing Social Security Benefits

Do you get a lot of emails with the words “trick”, “weird” “secret”, “epic” and so on to the ends of hyperbole & hubris?  I do.  So I remind you again that the title of this blog- like all my titles -is a big, fat MYTH.  There are two moving parts to Social Security benefit …Read More


The Best Annuities are Always the Best

Barrons magazine regularly publishes their “The Best Annuities” article but without the most important caveat:  these products vary wildly state by state, even if they have the same name.  Different states allow- or require -varying policy provisions.  Oregon is one of the most strict; if bonus, guaranteed rate or other contract provisions appear too generous …Read More


Sometimes The Best Action is Inaction

This is one of those interesting post titles that is both true and a myth, depending on who is reading it.  Hence the danger of mass financial advice directed at the “average person”. As a fan of Vanguard and it’s founder, John Bogle, I want to share their recent timely article on market volatility.  And I …Read More