• What Happens When Your Retirement Plan Goes Awry

    by  • January 19, 2017

    US News recently made several good points in the following article: When You Do Everything Right But Your Retirement Plans Go Wrong I would add that a financial plan should be reviewed on a regular basis regardless of what’s occurring in the market.  The analogy we use is that a financial plan is similar...

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    Critiquing a Financial Plan

    by  • January 18, 2017

    The following article examines five young people and their financial plan (more like their lack of planning).  They are then offered some preliminary advice about how to improve their situation.  Unfortunately, in every case I found the advice to be overly simplified.  Here’s the article And here are some overarching strategies that apply to...

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    The Best Stocks To Invest In Right Now

    by  • January 17, 2017

    How many times have you seen that headline? How many times did it spur you to read an article and even take action? Well respected publications are famous for putting together these kinds of lists. The odd part is that every month, week, or even day that list changes. This morning I saw headlines...

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    Digging Deep: The Reverse Mortgage

    by  • November 10, 2016

    If you are interested in learning more about how reverse mortgages work, here is some information I found helpful: Reversemortgage.org The New Case for Reverse Mortgages – WSJ US Department of Housing Frequantly Asked Questions Basics of Reverse Mortgages – Bankrate

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    An Example of Using the New Reverse Mortgage

    by  • November 1, 2016

    Imagine you have a retirement account valued at $1 million, where you take a monthly distribution of $3,000.  If the market (and your account) declined 30%, that monthly distribution will become a real strain on your account.  What was originally a 3.5% rate of withdrawal would increase to a risky 5.1% rate of withdrawal....

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    Five Creative Uses for a 529 Plan

    by  • October 31, 2016

    What should you do if you have extra money in a 529 College Savings Plan? Perhaps it’s left over funds used to pay for a child’s education or perhaps the child has opted not to go to college. The common options are to change the beneficiary (to a different child or relative). But that...

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    The New Reverse Mortgage Strategy

    by  • October 25, 2016

    In a recent post, I tried to dispel some of the common myths surrounding reverse mortgages that have been written since April 2015.  In this post, I will explore how the Reverse Mortgage could be used. Instead of thinking about a reverse mortgage as a last resort after all other assets have been depleted,...

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    How To Save, When You Can’t Save Today

    by  • October 14, 2016

    “ I want to save for retirement, but I can’t afford to do so right now.” This is a common complaint we hear, especially with our younger clients. They are dealing with debts, saving for their children’s education, and even helping to take care of their aging parents. These younger clients want to save...

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    We Don’t Pay Much In Taxes?

    by  • October 13, 2016

    We like to complain about high taxes. We all do. The thought of the government taking “our” money drives us crazy. With the election right around the corner, we may be thinking about the effects on our pay checks due to a new president. Most of what I read about income tax rates deals...

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    Republican or Democrat: Historically, Which Party Does a Better Job Growing Your Investments?

    by  • October 10, 2016

    Republicans and Democrats each make strong and compelling arguments as to why their approach and strategy will be better than their opponent. The media, think tanks, and experts are constantly making solid arguments for one candidate or the other. And in many cases these arguments and research findings conflict with each other. Conventional wisdom...

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