On December 20, 2019, President Donald Trump signed into law a spending bill containing the SECURE act (Setting Every Community Up for Retirement Enhancement Act). The new legislation took effect on January 1st of 2020, giving only 11 days (minus holidays and weekends) for everyone to adjust. This has left many financial institutions and financial […]
Recently I was listening to an audio file of one of my mentors Jim Rohn. If you don’t know who Jim Rohn is, he’s worth getting to know, but only after you finish this article. His legacy still lives on through recordings on YouTube or curated materials that may be purchased through Success Magazine. Even […]
Two hydrogen atoms to one oxygen atom and you get an amazing substance! H2O, AKA water, is a shape shifter. It can be a gas, invisible to the eye. Physically harmless to touch. It can be a solid when frozen into ice. Get wacked with that, and OUCH! Leave your hand on it too long […]
How about we flip the tables, and make you the advisor this month? Does that sound fun? Are you up for the challenge? Good! You are approached by a widower who is younger than 59 1/2. He has inherited a Roth IRA from his spouse. He is gainfully employed, and life insurance proceeds were sufficient […]
Did you get your taxes done on time? Good for you! It seems each year many of us scramble to get our taxes done while searching for ways to reduce our previous year’s federal income tax. Whether doing your own taxes with the assistance of an online preparation service like TurboTax, or working with a […]
Here are a few questions I have to ask you. Do you have investments? Do you have a 401(k), IRA, or another retirement savings plan? Do you own a non-retirement brokerage account with stocks, bonds, or mutual funds? If you said yes to any of these, you’re paying somebody to manage your money. The financial […]
The World Was Flat In the past, financial advisors have relied on a well-balanced portfolio of stocks and bonds to manage a client’s risk versus return. While the general practice is widely accepted, if you ask 50 different financial advisors what a well-balanced portfolio of stocks and bonds looks like, you’ll likely get 50 similar, […]