The SECURE Act was signed into law by President Trump on December 20, 2019. Here are some key changes you should know as you plan for retirement: Generally, the SECURE Act: Removed Maximum Age limit for IRA Contributions Increased the age for Required Minimum Distributions (RMDs) from age 70.5 to 72 Enforces a 10yr distribution …

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According to Fidelity Investments, in order for your 401K to sustain you in your retirement you will need to have 8x your annual income saved by the time you reach age 67.  To keep on track with your savings, you will need to have at least your annual income tucked away by age 35. By …

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After fighting Marxists, both here and abroad for at least the last 70 years, who would have ever thought that Americans today would be considering Marxism to be a better way of life? But that is exactly what is happening.  From college campuses to the NBA, and from the politically naïve to progressives in the …

Continue reading “Wealth Inequality in America: Is it Wrong to Be Wealthy?”

“Faster, faster, faster, until the thrill of speed overcomes the fear of death.” That was the tattoo inked on the arm of the fellow sitting across the aisle on the plane.  And it is that same line of thinking that coaxes opioid users to have “Narcan Parties.” Narcan parties are the newest thing on the …

Continue reading “Losing Your Money is Optional”

According to Money, and based on the median income and the cost of living expenses in all 50 states, there are 18 states in the United States where your take home pay feels like you made more than you actually do.  In 16 states, it feels like you make less than you actually do. And …

Continue reading “The Fundamentals of the Infinite Banking Concept”

In the mid to late 1970’s DMSO was greatly sought out by athletes and arthritis sufferers as a remedy for joint pain.  The major problem was, it was illegal to purchase DMSO for human usage, and so you had go to a vacuum or sewing machine repair shop to purchase it. DMSO was frequently used …

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There is absolutely no question that your money has the potential to grow faster if you defer the taxes you owe when you earn that money.  However, not knowing the tax rates that you will be charged in the future on that money is a gamble that may not be sustainable for you. Not to …

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Too many financial planners, CPAs and life insurance agents are so busy talking about rates of return that can be earned either in mutual funds, stocks, bonds or even life insurance, that they fail to properly inform you that most Americans are not saving enough money to retire on.  In fact, outside a brief spike …

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Did you know that nearly 3 out of every 10 people provide care for chronically ill, disabled or aged members of their family? 😨 It’s true, and more than 1 out of 10 of these family caregivers provide 40 or more hours of care per week! Whether you’re directly providing this care or financing the …

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Unless your degree is in science, technology, engineering or math, you have a 66 percent chance of regretting that you ever went to college.[i]  And that is in large part because the degree earned provides an insignificant difference in income earned. Take for example a registered nurse.  They will spend somewhere between $40,000 -$100,000 on …

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