Uncategorized

The Allure and Myth of Safety

The Allure and Myth of Safety In Homer’s Odyssey, a wayward Odysseus and crew voyage past an island of beautiful mermaids called Sirens. The Sirens sing the sweetest of songs, the ancient equivalent of “Call Me Maybe”, bewitching passing sailors. Those mesmerized are blind to the bones littering the island, for the Sirens were in…

Read More

You call that a “Financial Plan”?

Most news related to financial planning for the last few years has been exclusively focused on the Department of Labor’s push to force the fiduciary standard upon the industry. For now, this push has been stymied. Though the proposed regulations were far from perfect the DOL did have its heart in the right place. I’m…

Read More

You Never Miss the Income Until the Well Runs Dry

Picture the scene: the stove is at capacity; four stock pots, full of snow, are melting under high heat. On the counter, more pots crowned with colanders are busy filtering leaves, pine needles and other detritus from the meltwater. On the floor, barrels full of fresh snow sit ready to enter the assembly line.  The…

Read More

1 Critical Mistake to Avoid When You Retire

Kiplinger – The closer you get to retirement, the more power the stock market potentially has over you. A steep drop at the wrong time could pack a devastating punch. Let’s assume you’re ahead of your peers. You’ve saved, invested and paid down debts. Maybe you’ve even met with a financial professional to examine your…

Read More

4 Ways to Avoid RMDs

I know you hate them. So why pay them? RMDs, also known as Required Minimum Distributions, are the bane of many a retiree. Once you reach age 70.5, the IRS is through waiting and forces you to take withdrawals from your traditional IRA accounts. Failure to do so incurs a steep 50% penalty. Now the…

Read More

You Might Run Out of Money in Retirement Without This

A pension – there’s no great mystery here. People are living longer than ever. In the United States, people over the age of 85 represent the fastest growing population segment. Twenty percent of men and a third of women are expected to reach age 90. Without a plan in place to provide lifetime income, many will…

Read More

How Congress Ruined Social Security

You don’t know what you’ve got till it’s gone … In less than three months, we’ll have a new president. But November 2016 will also mark the one-year anniversary of the Bipartisan Budget Act of 2016. This little piece of legislation will forever be infamous for gutting precious Social Security strategies for married retirees. Amazingly,…

Read More