The Oracle is not me. It’s always good to hear wise words from someone who has been there and done that. When world news seems ever more dire, you may be wondering how to handle your investments in the face of uncertainty. Who better than Warren Buffett to soothe our collective worried brow? Here are…
A huge red flag when I’m talking to potential new clients is when they are upset at their current advisor about their returns. Especially when I hear things like, “I’ve been with this guy 2 whole years and haven’t made any money.” Two years? That’s a blip in time in an investor’s return history. As…
This month, I am going to rudely interrupt your sunny summer activities with a reminder that financial storms can always happen. However, to build emotional resilience against investment losses, it’s good to exercise your “I can ignore it and not make bad investment decision” muscle before you need to use it. When calculating financial projections…
Short blog today! Here are four fun facts about Social Security. Average SS benefit in 2023 was $1,907 for people filing at Full Retirement Age Highest SS benefit in 2024 for people filing at Full Retirement Age is $3,822 You lose a little over .5% per month of your full retirement age benefit for each…
I get an e-newsletter by a smart financial advisor named Jay Mooreland. His focus is not on beating the markets or beating our clients into submission about saving enough. It’s about recognizing how our brains work, often contrary to our best interests, to sabotage our progress in personal finance. Jay recently addressed a Wall Street…
No, not religions, although after the holidays spent with warring family factions, some people do question their faith. Last week, I explained the basics of Roth conversions. For a little more detail, here are some pros and cons making this transaction. Pros Tax Free Withdrawals in Retirement: The big news when Roth IRAs were invented…
Hello, Cart! You seem to be in front of my horse. In looking at my newsletter archives (because I’ve read all of the Agatha Christie mysteries twice and needed something exciting to fill the void), it looks like I’ve addressed some specifics about Roth conversions in past blogs, but never talked about the basics. First,…
Who wants to think about saving more for retirement during the fun of holiday shopping? You do! The IRS, that go-to fun squad for gifts that keep on giving, has adjusted the maximum for retirement savings in 2024. The time to get your percentages and autopayments adjusted is now! Here is what is in…
Get your minds out of the marijuana plant. I’m not talking about that type of rolling. Rather, the pros and cons of rolling your old 401k/403b plans into a Rollover IRA. Generally, I say YES, you should move money out of an old employer’s plan into a retirement account in your own name as soon…
It’s October, and like candy corns, witch hats, and tacky people putting up their Christmas trees already, you have come to expect the annual review on the best and worst performing sectors of the economy so far this year. As ever, I put the parental advisory warning that this is informational only – kind of…
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