Financial Myths

Ensuring your prosperity in the years to come using resources you have today.

It’s Better to Unlock Your Smartphone With Your Fingerprint Than With A Password

That may or may not be a myth depending on your priorities.  However, once you read this article you may decide it is worth using a PIN instead of a biometric login.Biometrics might be cool and convenient, but the technology could potentially undermine your legal rights under the Fifth Amendment, which prohibits the government from compelling a witness to testify […]

AARP Has Wrong Information About Social Security Claiming

Unfortunately, the title of this post is not a myth.  What is a myth is AARP’s statement in their 2016 Retirement Guide.  I bought one at the grocery store, out of curiosity.  In the section on Social Security it is flatly stated that the timing strategies are gone.  Wrong!  This misstatement will cause gullible retirees to miss […]

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 […]

What I Learned From Bullies as a Child

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 […]

8 to 10% Is A Reasonable Expected Rate of Return

Reminder:  These Financial Myths Headings are Myths. No.  8-10% is not a reasonable rate of return, even though national investment “superstars” still claim that it is.Here in Oregon, that point has been driven home . . . again, unfortunately, by Aequitas Management.  The article that follows is long but instructive.  (Thank you Advanced Regulatory Compliance, […]

Ready To Start?

Get one step ahead of the wealth preservation game by getting in touch with us today for more information, and to get started.

Print
ChFC-logo
interactive_brokers_productcard-5c61eec746e0fb0001f25462 (1)