I’ve always been a fierce proponent of “practicing what you preach.” When I buy a car, I always ask the salesman “what do you drive? What does your wife drive?” When deciding on a home improvement project, I ask the contractor: “If it was your Mother’s home, what would you recommend?” You get the idea. [...]
When is the right time to get out of the Market? Most people have no idea. If they’ve suffered losses, they are reluctant to “get out” of the market until they have at least waited long enough for a CHANCE to get back up to the $ amount they had before. The dilemma is what [...]
Ben Franklin said it (reportedly); “The Eighth Wonder of the world is compound interest.” And it’s true! Take $100,000, at 3% compounded for just five years; that amounts to $ 115,927. That’s a 15.9% gain. Now take $100,000 at 3% simple interest for five years; that amounts to a flat $115,000. A flat 15% gain. [...]
Please pay attention: The most significant problem facing retirees is not the cost of the insurance, it is the cost of medical reimbursements from Medicare. Our Government has to reduce spending somewhere! Seeing a doctor for a medical issue is covered by Medicare, but what is happening is the amount paid to the medical [...]
Consider the goat. The first time a goat comes in personal contact with an electric fence, well, it remembers the lesson from then on. I have even seen animals teach the lesson of a bad personal experience to OTHER animals, who then avoid the situation themselves, thus preventing the negative experience for themselves! Not so [...]
Sustainable income, exactly what is it? How could income be sustainable? What happens when interest rates drop or you live too long, how can it sustain itself? Those are good questions and the answer might seem too good to be true. However, it is true if you understand how to create an Income for Life. [...]
Learn the benefits you will receive from an annuity, make sure you understand the entire contract According to a recent CBS news report, the sales of fixed index annuities reached a staggering $19.2 billion in the USA for the fourth quarter of 2016. There has been an apparent rise in the interest of the public [...]
It may be "old" news (anything older than 30 days is old news), but the recent Wells Fargo scandal highlights the need for more Wall Street scrutiny. Wells Fargo, one of the oldest, most respected names in the brokerage business got its hand caught in the cookie jar. Over 5000 advisors nationwide involved in fraudulent practices...a $185 [...]
When you look into your crystal ball, where do you want to be in 10 years? Do you plan to be retired? Still working at a job you love or hate? The bigger question is: WILL you have enough money in retirement and is your retirement account sustainable?
Think of your money like a safe, when the stock market drops, your funds jump into the same, when the stock market increases, your funds are in play. Your crystal ball would always know what was happening before it happened.