Blog Posts
How to Save for Retirement When You Can’t Work Longer
When working longer is no longer an option, it is time to develop strategies to maximize your remaining resources. A combination of planning, adapting and downsizing may be the best course. Evaluate the Situation At age 60 or so, life has usually simplified. Children...
The Myth of Putting All Your Eggs in One Basket
We’ve all heard not to put all our eggs in one basket when it comes to investing. Most of us would agree that sure, it’s good to have diversification but it seems like this concept of diversification has become misunderstood. When someone says to me "I don't want all...
Should I Pay Down Debt or Invest in the Market?
As individuals approach retirement they often ask themselves what they should do to maximize their income. Specifically, they may wonder if they should pay down their debts (credit cards, auto loans, or a mortgage) or should they invest more in the markets. The answer...
How to Avoid the Biggest Mistake When Starting Social Security
The media is causing millions of Americans to make a serious mistake when it comes to social security collection strategies. We see articles that discuss ways to “maximize” the social security benefit using clever, new methods such as the “file and suspend”...
Stock Buybacks
Not discussed enough is the effect stock buybacks are having on the stock market over the last several years. The concept is simple. Corporations buy shares in the open market the same way ordinary investors do, however, when corporations do it, they ‘retire’ these...
Steps to Take After Graduating College to Get Your Financial Life in Order
Graduating from college can be as much a source of anxiety and dread as it is pride and joy—even students leaving the harshest, most exacting academic programs can feel some level of worry about the future stretching out before them. But fear not—our step-by-step...
Steps to Take After Leaving a Job to Get Your Financial Life in Order
Leaving a job can be a frightening proposal, even if you’re moving up in the world—navigating retirement plan rollovers, lost and gained benefits, pay and cost-of-living changes, and the other variables can feel quite daunting. Fortunately, if you take a moment and...
How to Reduce the Pain of a Required Minimum Distribution
When the government enacted legislation that allowed individuals to fund a Traditional IRA with tax-deferred income, those legislators also wanted to ensure that the taxes would eventually be paid. The concept was to defer income taxes until the time the money may be...
When Clients Spend Through Their Savings
A reporter from Financial Planning Magazine, recently posed a question to several financial advisors asking: “What happens when an elderly retired client runs out of money?” Below is my response, which was included in the article: WATCH WITHDRAWAL RATES Michael...
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