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Typical Financial Planning: The type of financial planning in use today encourages you to put your money where there is a risk you could lose the money.  The truth is, the only place you can keep your money safe from loss is in certain Bank products and in specific Life Insurance contracts which legally guarantee …

Continue reading “Investing Costs and Risk Tolerance: How to Protect Your Money”

Did you know that a Doctor’s training provides little insight into the cause of illness?  Dr. Michael E. Platt MD reports that statistically, within 18 seconds of a doctor entering a treatment room to see a patient, they know what drug they’re going to prescribe for whatever you have complained about.”[1] The same can be …

Continue reading “Can You Trust Your Financial Planner?”

According to the latest CDC report, the new infections occurring in China due to the COVID9 virus are down, even as the virus spreads to other parts of the world including the United States.  With 6 deaths being reported in the US at the time of this writing, death rates are nil compared to death …

Continue reading “The Coronavirus and Economic Insecurity”

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”

Your credit score is currently determined by five significant facts: 35% of your score is made up of your payment history. 30% of your score is based on the amount you owe compared to your available limits. 15% of your score comes from the length of your credit history. 10% of your score is established …

Continue reading “Your Credit Score is at Risk (but it’s not what you’re thinking)”

There are many retirement calculators that will tell you how much you need to have in order to retire. But there are no calculators that can guarantee how much money you will need in retirement.  That is because the calculators used in typical financial planning are based on some interesting assumptions.  For example, The 70% …

Continue reading “5 Critical Things to Include in Your Retirement Planning”

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”

The idea that one can prosper without contributing to society is an idea that seems to prevail today.  People want to: “Invest” and make a fortune, without requiring the knowledge to make good choices Receive benefits for work they have never done Take what doesn’t belong to them because others have it and they want …

Continue reading “True Prosperity Requires: Mutual Respect, Work, and Faith”

John (Jack) Bogle, is indisputably someone who had a profound impact on how investors participate in the market today.  According to MarketWatch, those who have followed Bogles’ leadership most likely haven’t been “front of the pack” investors but have certainly ended up retaining actual returns that rank in the “top 20% of all investors.”[i] So, …

Continue reading “Financial Wisdom and John Bogle”

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 …

Continue reading “The Financial Mistake most Millennials are Making”