I am a “visual” type thinking person. So, I was thinking of ways to further describe the FIA, knowing that it's a different language. I have spoken this language for the better part of 18 years; realizing that sometimes in the communication of a different language, there is a loss of meaning and or interpretation. [...]
When planning retirement, make sure your money lasts as long as you do! In 1994, amateur economist and investment manager William P. Bengen wrote his famous thesis about withdrawal rates from accumulated funds in calculating retirement income. Here is the link:http://www.retailinvestor.org/pdf/Bengen1.pdf Over the years and due to the financial meltdown of 2008, the amount [...]
There was a time in the not-so-distant past when the "theory of decreasing responsibility" was a viable way of determining how to plan one's retirement. This theory, which formed the nucleus of retirement planning for decades, held that as people get older, their financial responsibilities will decrease. For example, the mortgage will typically be paid [...]
Prime Notes are Prime Garbage In a recent notice, the SEC warned of “Prime Bank Notes” being promoted as high yield bank alternatives are not real. These offerings prey upon investors desiring a higher rate of return than is available through conventional channels. Along with the higher interest, the “prime” notes also testify to [...]
The lingering question about the success of variable annuities as a sales vehicle is on the surface difficult to understand. By examining it closely and using the “new car” concept of selling, the focus is on the allure, the new paint, the transformation of us as drivers being behind the wheel and on it goes.
If you own bank accounts and want to reduce your exposure to probate with these assets the “payable on death” (POD) option may help you. This option offers an easy method to keep bank account out of probate court. All that is required is a form which most banks can supply naming whomever you want to inherit the money in your account at your death.
Every night on the nightly news, it seems there is bad news about retirement plans, especially 401(k)s. The US Department of Labor has established new rules about the fees, disclosures, and management of these top-rated retirement products. More regulations were expected in May of 2016, which would have outlined the role of a financial advisor [...]
Last Friday (August 23, 2019), a very close friend of mine passed away. I wanted share the story with you. I have changed their names, of course, to protect their privacy. Last Friday (August 23, 2019), a very close friend of mine past away, and I wanted to share the story with you. I [...]