Let’s say you’re going to go into business. Why not partner up with someone willing to match everything you put into this new business by 50%?  That means for every $1 you put in, this willing partner will put in another 50 cents.  Typical Financial Planning advice says you can’t lose. And that this is …

Continue reading “3 Things You Need to Know About Your 401(k), Simple IRA, 403(b) and 457 Plan”

Many people are familiar with regular individual retirement accounts (IRAs) which hold stocks, bonds, certificates of deposit, and mutual or exchange-traded funds. However, few people understand the characteristics of another major retirement account—self-directed IRAs (SDIRA). We are going to cover what self-directed IRAs are, what their benefits and risks are, and who should use them. …

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What Are The Benefits of Life Insurance? There are plenty of debate topics surrounding life insurance, such as which type of life insurance is best, how to set up a policy, how to use your policy, and much more. However, most agree that having life insurance is important for (1) funding a funeral and miscellaneous …

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If you were born between 1946 and 1964 you are classified as a Baby Boomer.[i] And Baby Boomers are retiring at somewhere around 10,000 per day.[ii] Needless to say, this is putting a strain on the Social Security Administration’s ability to continue to pay benefits.  As of June, 2019, 50% of retired married couples, and …

Continue reading “Three Hard Facts About Getting Old That Everyone Should Know”

Risk tolerance is a big term in typical financial planning. Basically, risk tolerance is the amount of nerve you have to watch your investment portfolio lose money without flinching. According to typical financial planning, the higher your “risk tolerance” the more money you should risk losing to try and get big returns. But typical financial …

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How is wealth created? According to George Gilder, there are three things that create wealth. (Listen to find out) People who put money in a 401(k) limit their access to their own money which makes it hard to create wealth… and 401(k)s aren’t treating people all that well to begin with. The average 401(k) balance …

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What is the SECURE Act? The SECURE Act of 2019, was signed into law by the president on December 20, 2019. It is an acronym for the Setting Every Community Up for Retirement Enhancement Act. The act is a far-reaching law which will affect the way Americans can save for retirement when using tax-deferred accounts. …

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Governments and central banks are taking the low road. They are attempting to artificially stimulate the economy by implementing negative interest rates.  John says it will work probably work short-term Tom says it could cause people to hoard tangible assets like gold, silver, antique automobiles and art. What is it that really stimulates an economy …

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As reported by Buzznet, a recent study uncovered that 75% of millennials don’t have any life insurance, supposedly because they can’t afford it. But something millennials fail to realize is that the younger you are when you purchase life insurance, the cheaper your coverage will be for your entire life. Life insurance isn’t as trendy …

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Most people think saving money is about cutting lifestyle and luxuries. This is certainly one way to save, but it is not the only way because where you save your money can make a big difference in how much you get to keep. 💵 Benjamin Franklin says, “There are two ways to increase your wealth. …

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