There is so much talk, writing, podcasting, etc. on Roth conversions these days. Ultimately, I don’t feel doing Roth conversion (or not) will materially impact the retirement cash flow of 90% retirees. It might affect their estate plan, but that’s another blog for another week. Specifically next week. Here are three reasons I think…
…invest in the latest fad, at least do it prudently. This is sort of like your mother saying, “If your friends jumped off a cliff, would you? Yes? Then, please pick a small cliff.” I know that my position in putting money in the latest social media darling investment is clear. But, just to…
To continue the theme – or maybe you call it a months’ long rant – about why Robinhood/Bitcoin/Reddit, etc. cloud the concepts of real, grown-up investing, I’d like to show an example of rates of return and life. Scenario: Joe is 40 years old and has $500,000 saved for retirement. Good job, Joe! Joe…
I’ll try to make this concise: This clamor for Bitcoin/Game Stop/SPAC returns and shunning of traditional investment portfolios is nothing new. See my 5 Famous Bubbles Blog for a reminder. What seems to get lost in all the clamor of investing for the biggest returns (damn the torpedoes, etc.), is WHY are those returns…
The only thing I like about this whole Robinhood trading platform is how much it makes me think of my favorite Disney movie, the 1973 animated classic Robin Hood! And who is the bad guy? Watch for a little reminder. What are the social media addicts trading GameStop and AMC Entertainment missing? Yes, the…
Know what one of the best parts of being a financial planner is? Making friends with other fantastic financial planners! Today, I am excited to introduce you to Addie McHale, CFP ® of Moneyfull. Addie is an expert on navigating the individual medical insurance market, among other talents. Read on! Q: People are often…
The bad news is, well, there is a lot of bad news. The good news is that when there is a lot of bad news, Americans can be counted on to step up and help each other. Our intentions are good, but are we gifting the best way? Sure, I’ll whip out the credit…
Ultra-low interest rates present a dilemma: Great for borrowers (both companies and individuals), potentially great for the stock market, but terrible for people who need risk free savings for emergencies or retirement income. Unfortunately, if you need your money within 1-2 years to spend, there’s not much I can suggest. No growth is the…
Much is made of making your permanent home in retirement in a state that has no state income tax. I posit that there are other considerations. First, what are the no-income-tax states? They are Alaska, Tennessee, Wyoming, Florida, New Hampshire, South Dakota, Texas, Washington, and Nevada. Question #1: The MOST important consideration is do…
Ever wonder why Bernie Madoff, perpetrator of the world’s largest Ponzi scheme, didn’t get caught by auditors at the SEC sooner? There were a lot of reasons, but a big one is that he wasn’t even registered as an investment advisor with the SEC. You can’t oversee what you don’t control – or not well.…
