Broker Check

Blog

This is forum about financial literacy.  My goal is to discuss various financial topics that will help enhance your financial lives outside of the stock market and fear tactics that our 24/7 media focuses on. 

I hope you enjoy my posts.  Thanks in advance for your interaction.

 

Wednesday, August 23, 2017

Let me just come out and say it. Your hard earned money and future deserves better than to be delegated to a call center somewhere in Timbuktu. More and more, I'm reading about large financial firms forcing current clients to a call...

 

Friday, March 24, 2017

The Windfall Elimination ProvisionThe Windfall Elimination Provision has the potential to reduce Social Security benefits paid to individuals who worked for an employer that didn't withhold Social Security taxes. This is fairly common...

 

Wednesday, January 18, 2017

It is important to keep up-to-date with changes to the Social Security system because it will more than likely play a key role in your retirement income planning. Here are a few notable changes to the system to be aware of as you plan...

 

Monday, March 14, 2016

A little known Social Security claiming strategy is going away after April 30th of this year. With the Bipartisan Budget Act of 2015, the strategy known as "file and suspend" will no longer be available to the American public. What is...

 

Monday, February 15, 2016

Are you own all or a portion of a privately held business? If so, it is prudent to know about the potential benefits of a buy-sell agreement. There are many advantages of a buy-sell agreement to a business and the owners. Some of those...

 

Show All

Friday, November 20, 2015

Major changes are on the horizon for Social Security. For many Americans under the age of 62, the changes could have a profound impact on your retirement planning. It is important to understand the new rules and adjust your financial...

 

Tuesday, October 27, 2015

Are you finding it more and more difficult as a business owner or highly compensated employee to defer the maximum amount into your 401(k) due to top heavy testing or non-discrimination testing? If so, it might be time to visit the...

 

Wednesday, January 28, 2015

Self employed entrepreneurs are cut from a different cloth. I know this to be true because I am one of them. We tend to tackle everything head on with passion and determination, because frankly, our livelihood depends on it. Self...

 

Monday, November 17, 2014

One of the most frequent questions I get in my practice is, "how much of my pre-retirement spending should I plan on budgeting in retirement?" The answer will vary widely based on the countless articles available online and in...

 

Wednesday, October 29, 2014

In the third week of October, the Treasury Department announced the new contribution limits for retirement account savings for 2015. Bottom line – Uncle Sam wants you to save more for your retirement. Here is a highlight of the new...

 

Monday, October 6, 2014

To some Americans, the idea of retiring from their job is not the most ideal situation when they reach full retirement age. Some might need to continue to work to add to their retirement savings, while others choose to work because...

 

Friday, September 5, 2014

Compounding interest - the most powerful two words in finance. Combine it with time, and you have a recipe for tremendous growth potential. Let me share a specific example of the power of time and compounding interest.Mary is a young,...

 

Wednesday, August 13, 2014

The great John Wooden once said, "It's the little details that are vital. Little things make big things happen." John Wooden was arguably the best basketball coach to ever grace the hardwoods. He emphasized to his players the...

 

Tuesday, July 8, 2014

Divorce is undoubtedly one of the most challenging and difficult experiences a person can face in their lifetime. With divorce comes an array of emotions, new responsibilities, and a realization that you need to pick yourself up by the...

 

Thursday, June 12, 2014

One of the most powerful estate planning tools is the “stretch IRA”, which is a Traditional IRA or Roth IRA designed to allow an account owner’s beneficiaries the ability to continue tax-deferred or tax-free growth over one or more...

 

Tuesday, April 29, 2014

Social Security will undoubtably play a major role in most American's retirement income planning. Problem is, most Americans will not take the time to understand various claiming strategies that could potentially add several thousands...

 

Monday, March 24, 2014

Social Security is often one of the most overlooked aspects of proper retirement income planning. Here are some specific rules to keep in mind as you start factoring your Social Security benefits into your retirement planning.You...

 

Wednesday, January 8, 2014

As we embark on setting our goals for 2014, it might be a good idea to take a closer look at the asset location of your investments. Many of us have heard about the benefits of asset allocation; a theory in which one invests their...

 

Wednesday, November 6, 2013

Social Security will undoubtedly play a major role in your retirement income planning. If you’re divorced and never remarried, it is imperative to learn about specific claiming strategies that can potentially have a huge impact on your...

 

Monday, September 30, 2013

Many Americans have access to term life insurance through their employer. This benefit can be a great way to protect your loved ones in the event of an untimely death. If you purchase term insurance through your employer, I highly...

 

Monday, August 12, 2013

Last month I touched on how working while collecting Social Security before full retirement age can have a big impact due to the income limitations test. If you recall, Suzy thought it might be a good idea to collect benefits early at...

 

Thursday, May 30, 2013

If you’re like most Americans, you plan on sprinting to the Social Security Administration’s office to claim your retirement benefits the minute you turn 62. Before you run, I highly recommend you research all of your options.Let me...