When you walk into a bank, it is divided into two sections. Most people, that is what the bankers see as the "common folks," go into the line and wait for a teller. However, the people with money go to the other side and sit down with a financial strategist or money manager who personally... Continue Reading →
Developing a Financial Strategy Part 1
Here is a key thought to consider about financial planning. Wealthy people tend to make fast decisions and are also slow to change. That is if it is a good plan, better than they have, they change. If it is working and there is nothing better, they stay the course. In contrast, people who have... Continue Reading →
The Essentials You Need to Know to Reach Your Retirement Goals
How far away is your retirement? What have you done to make sure you have the funds to make it happen? If you do not have a plan or at least know what to do, you will find yourself in trouble as many do. So, first off, it is always best to start as early... Continue Reading →
How much money did you lose in your 401k or another retirement account?
Did you know that when the market goes down, and then it goes back up, you DO NOT get your money back? Rather, what actually happens is that you grow from the point of your loss. That is just math! Wall Street lies by saying “no worries” you get your money back! Well, you do not, it is gone! So, what do you think will work better for your retirement, guarantees with no losses and low to no fees, or just losses and high fees? There are better 401k and other IRA, Individualized retirement accounts out there! How much money did you lose in your 401k or another retirement account?... Continue Reading →
What is a Rollover?
Do you have an old 401k or IRA account? If so, what do you want to do with it? What happens after you leave your job that you had a 401k with? You may be able to leave your retirement account where it is. However, be aware it will be in junk funds and have... Continue Reading →
What to do with an Old 401k or IRA Account?
What to do with an Old 401k or IRA Account? What happens if you have an old 401k or IRA account from a previous employer? Most Financial Advisors will give you four options: First, just leave your account where it is. This is what most people do when the balance is above $5,000. Is this... Continue Reading →
Big Changes to your 401k are Coming
The Government is changing the 401k, 457, 403b, and other retirement programs. So, it will affect you! The changes may sound good by the way they spin the words. But are they? The key changes are in: how the tax deductions will work. Many people, not just the wealthy; those average middle-class workers could be... Continue Reading →
How to Get a Better Retirement Account for a Better Future
There are three common problems that retirees will face, that worry them and those who will retire. This is all about having enough retirement savings. Concern one. Will I have enough money? This is about growing and protecting our money without the risk of losing any of it. As we saw in 1987, 2000, 2008,... Continue Reading →
Are Annuities Bad for Retirement?
Are Annuities Bad for Retirement? There is a common objection about Annuities; I would like to clear up. It goes like this: “Annuities are terrible because when you die, the insurance company will stop the payments and they will keep the rest of your money.” Is this true or false? Many securities people do not... Continue Reading →
Urgent Notice to Small Business Owners; you Must Buy State Mandated Retirement Plans!
Note: This article will be updated as new information is made available. The law starts in three stages. First, June 30, 2020, for companies with more than 100 employees. Then, on June 30, 2021, for businesses with more than 50 employees. The third stage will go into effect on June 30, 2022, for employers who have five or more employees.... Continue Reading →