"Money, like emotions, is something you must control to keep your life on the right track."― Lyle Boss This is a great example of what happens when greed takes over and teaches you hard lessons. Frank retired in 1999 and at that time, interest rates were much higher than they are today. Our firm was [...]
For centuries gold has been an asset that many have used as their basis for wealth. Ownership of gold also means you own a direct relationship to volatility. No other asset in the past hundred years has reflected volatility more than gold. If you are concerned at all about volatility, especially with your important retirement funds that must remain [...]
"It's not "if," but when..." According to the National Bureau of Economic Research, as of July 1, 2019, the U.S. is officially in its longest expansion ever. For over 120 months, the economy has been growing. However, in recent weeks, there have been signs of a potential slowdown. While I tend toward optimism, I do [...]
Social Security is a great program, but knowing when and how to claim your benefits can determine how much you collect. Here are seven potential problems you need to consider so you can maximize your Social Security income. 1: Remarrying Before Age 60 If your spouse dies, you will be entitled, in most situations, to [...]
If your Required Minimum Distribution is not managed properly you may be exposed to additional tax liability Determined by the fair market value of qualified retirement accounts, a Required Minimum Distribution (RMD) is the minimum withdrawal amount account owners must take when they reach age 70½. Types of accounts affected by the Internal Revenue [...]
“The problem is too often; we simply accept conventional wisdom, which prevents us from considering other alternatives.” Roger Ibbotson, PhD It’s very telling that years after Roger Ibbotson developed the foundations of what we now consider to be “conventional money wisdom,” he has re-evaluated his position. Ibbotson, a respected economist, and former university professor, created [...]
"Plan as if you are going to live forever and live as if you were going to die tomorrow" Though not an original quote, Infinite Banking Concept ® founder R. Nelson Nash was often heard to remark, “Plan as if you are going to live forever and live as if you are going to die [...]
Most people who choose to prepare advance directives do so to remove any doubt of their wishes in the event of a situation where they may be deemed unable to make decisions.
Variable annuities have fees, expenses and charges subtracted from the annuity account value The category, an annuity is a very broad term that covers two different types of actual products. One is a security, the other is an insurance product. There are numerous differences, this article will explain the details. There are two completely [...]
When Planning for Retirement Four Common Mistakes Nearly Everyone Makes You may have been told by a well-meaning parent, friend, or financial advisor that you should “Save at least 10% of your money for retirement.” This rule of thumb gives those of us with no idea where to begin planning some initial guidance, but [...]
