Blog

The Number 1 Retirement Worry of Today

Jul 6, 2017Tomas McFie

Over 4 million people will retire this year.  That’s nearly 11,000 per day!  And nearly 9 out of 10 of them all have the same worry: “Will I out outlive my money?”[i]  Many accountants and financial planners run financial models to assure their clients that they will have the money they need to meet future …

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The Number 1 Financial Fear in America

Jun 28, 2017Tomas McFie

Americans “owe more than $3.6 trillion”[i] which is nearly $19,000 for every man woman and child in the United States.  So, it isn’t any wonder that the greatest fear about money today is having too much debt and not being able to save enough money to retire. In fact, across the board, from ages 18 …

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The #1 Money Problem in America Today

Jun 21, 2017Tomas McFie

According to a recent Bureau of Labor Statistics study, the average family spends 1 out of 3 dollars earned on housing.  Intriguingly, this is more than a 100% increase over what Americans spent on housing in 1960.[i]  Most of these costs are not negotiable and therefore can be difficult to adjust. But another statistic is …

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The 3 Things You Need to Know About Money Market Funds

Jun 7, 2017Tomas McFie

“The Old Grey Mare, she ain’t what she used to be,” and neither are Money Market Funds (MMFs), sometimes referred to as Money Market Mutual Funds. MMFs used to be considered a low-risk investment, along the lines of a passbook savings account or certificate of deposit, with the opportunity to earn a higher interest yield. …

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Is A Self Directed IRA (SDIRA) For You?

May 31, 2017Tomas McFie

The idea of an SDIRA (self-directed IRA) has become rather trendy among certain circles.  An SDIRA may sound appealing to you if you believe that there is a higher return available outside the securities market for the funds in your SEP (self-employment plan), SIMPLE (savings incentive match plan for employees), traditional or Roth IRA.  What …

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The Trump Bump

May 24, 2017Tomas McFie

2017 has proven to be a winner for US stocks, with a posting of the best run in the past 25 years. In fact, most everyone in the stock market is happy about the huge upturn that has taken place.  “After the first quarter alone the Dow had gained nearly 5% with the Nasdaq gaining …

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The 25 Year Gap Rule

May 18, 2017Ben McFie

Remember the tagline, “Fall into the GAP”?  Well, a number of years back we started Life Benefits’ radio program out by reading this tidbit of wisdom from King Solomon about life; “A feast is made for laughter, wine makes life merry, and money is the answer for everything.”[i] Fascinatingly, several folks thought I was quoting …

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“Hopelessly Devoted”

May 17, 2017Tomas McFie

Everyone remembers the theme song of Grease, “Hopelessly Devoted To You”. That 1970’s movie starring John Travolta and Olivia Newton John was a major hit.  And another major hit of the 1970’s was the 401k and IRA to which so many are still hopelessly devoted.  That is, until Congress removes the incentive to have a …

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Being Snoopy

May 10, 2017Tomas McFie

Tucked quietly away in the verbiage of an article about MetLife retiring its mascot Snoopy after 31 years, Kevin Dugan documents what I first mentioned in my book Prescription For Wealth 6 years ago.  And that is MetLife, in Dugan’s words, is “…looking to shrink itself in order to avoid being labeled ‘too big to …

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Wealth Generation

May 3, 2017Tomas McFie

Many believe the only way to generate wealth is for someone else to have lost their wealth. This misunderstanding is based on the theory surrounding the “Law of Scarcity.”   The Law of Scarcity states that there is a limited quantity of certain things like gold, silver, diamonds and precious metals in our universe.  Some people …

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