According to the Federal Reserve Bank, Americans who are 55-59 have saved $223,493 towards their retirement.  Those 60-64 have only saved $221,451 and those who are 65-69 have saved even less, $206,819. Obviously, these balances are averages, but it is important to appreciate that Fidelity, who manages about 2/3 of America’s retirement savings plans reports …

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People are outliving their money, leaving themselves broke in their retirement. It isn’t solely because they aren’t saving enough, it’s also because they are saving in the wrong places. In today’s episode Tom and John assess the current retirement crisis to find out what went wrong. They also share details about our upcoming LIVE event …

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According to a 2021 CNBC report, the average American has $90,460 of debt! Which brings up the question…what happens to your debt when you die? How debt is handled after death depends on the type of debt, where the person lived, and how much money is in the estate. Here’s everything you need to know …

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Fortune Magazine published an article back in September of 1993 by Shawn Tully with this title:  The Real Key to Creating Wealth. In the article he spoke about something called Economic Value Added (EVA), which turned the corporate world upside down.  Prior to EVA, corporations were not taking into consideration the cost of using their …

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In 1993 Shawn Tully wrote an article in Fortune Magazine entitled The Real Key to Creating Wealth. The concept of Economic Value Added (EVA) which Tully described changed the way the corporate world looked at creating wealth. While Tully’s article was directed towards the corporate world, the concept is relevant to personal finance as well. …

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Cracking the “how to pay for college” code has become a difficult problem to solve. In this video, we tell a story about two 18-year-olds planning to attend the same local university using different methods of funding their education. Liam uses a 529 plan and a student loan, while Emily uses The Perpetual Wealth …

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Even though Facebook flagged this post: “Joe Biden wants to get rid of something called ‘stepped up basis’ that reduces inheritance taxes” It’s true. Biden wants to eliminate the stepped-up basis.  So, what does this mean for you? It means that if you inherit stocks, bonds, real estate, a business, farm or any other asset, …

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If you have business partners or plan to enter a business with partners, this show is important for you. If one partner dies or needs to exit your venture, you need to be able to protect your assets and buy out the missing partner. This show covers some general information about the different types of …

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May 21, 2021 will always be a day that will be remembered in our family.  And the reason why is twofold. It was the day 6 of us, along with a couple cousins, hiked the Grand Canyon from North Rim to South Rim in one day. It was the day one of us almost didn’t …

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You’ll often hear financial planners advising on how to “diversify your investment portfolio” to mitigate risks and build wealth through multiple avenues. There are many different ways to do this, but stocks and bonds are two common options. Stocks are defined as partial ownership or equity in a business or organization, while bonds are a …

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