Financial Planning

The Benefit of Working With a Fiduciary Adviser

By |2019-12-06T10:38:30-05:00August 15th, 2019|Financial Planning, Special Reports|

What is a Fiduciary? You may have heard the term in recent times due to the ongoing debate about whether stockbrokers should be held to such a standard. Since doing so would make it harder for them to sell you things that pay them high commissions, peddlers of Wall Street’s wares are, as one might expect, opposed to this imposition. [...]

Terminal Diagnosis Affects Social Security Timing

By |2019-08-13T14:20:24-04:00August 13th, 2019|Financial Planning|

Knowing the various Social Security benefits available to you and the best time to claim those benefits can be a challenge. It requires research on your part, because many people are getting incorrect information from Social Security representatives, as noted in an audit by the Social Security Administration’s Office of the Inspector General. But how does the claiming of benefits [...]

It’s Time to Tell the Truth – Advisor or Broker

By |2019-08-12T10:20:15-04:00August 12th, 2019|Financial Planning|

I’ve been telling you for a while that some people who bill themselves as financial advisors are really financial salespeople, which begs the question, “Are they really acting in your best interest?” Apparently, the federal government now agrees with me. It’s become popular for brokers to market themselves as financial advisors. They tell you they can help you with financial [...]

The Least Talked About Elephant in the Retirement Room

By |2019-08-05T10:35:44-04:00August 5th, 2019|Financial Planning|

Just the thought of retirement is fraught with what-ifs. What if I live 30 or 40 years after I retire? What if I run out of money? What if I need long term care? But the retirement issue almost no one talks about is Senior depression. It’s usually underdiagnosed, seldom recognized, and almost never planned for even though it affects [...]

The Battle Over Tom Petty’s Estate

By |2019-07-29T13:06:21-04:00July 29th, 2019|Financial Planning|

Tom Petty is in good company, not just as a rock-n-roll legend, but as another star whose estate is in turmoil. The plethora of lawsuits are Free Fallin’ as Petty’s wife, Dana, and the two daughters from a previous marriage, Adria and Annakim, fight over control of the $95 million he left behind. Unlike Aretha Franklin, Prince, and Michael Jackson—who [...]

4 Expensive IRA Rollover Tax Traps and How to Avoid Them

By |2019-07-22T12:23:04-04:00July 22nd, 2019|Financial Planning|

IRA rollovers are as common as drinking water. But if your rollover isn’t done correctly, it can cost you taxes and penalties, sucking out money that could have been used for your retirement. In this article from MarketWatch, you’ll discover 4 of the most expensive IRA rollover tax traps and how to avoid falling into them.

Americans Lose Trillions Claiming Social Security at the Wrong Time

By |2019-07-18T11:49:02-04:00July 18th, 2019|Financial Planning|

To claim, or not to claim! Okay, that’s a cheesy way to begin, but it points out a dilemma experienced by many older folks when they’re trying to decide the most beneficial time to claim their Social Security benefits. The fact is, Americans, collectively, lose trillions of dollars by taking Social Security at the wrong time. In reality, most retirees [...]