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What a Great Time to Start a Charitable Legacy - For You Too?

  Do you ever get the feeling you could do more for others? I do and have many times. As a long-term focused planner, I probably think more about my personal legacy than many people. The result, a few years ago I took a big…
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Stop Traditional 401k Contributions

Your 401k is a shared asset. Your share this account with the IRS. The IRS will decide in the future (when you take it out) how much they will take at distribution. That’s right, your Traditional IRA('s) or 401k('s) are assets whose…
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Why I Became a Financial Advisor

I became a financial advisor because I love to help people reach their financial goals and dreams. Most people really do not know where they stand relative to their most important financial goals. For instance: When can you afford to…
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Year-End Tax Moves to Consider Now

You have some control over how much you pay each year in income tax. Before the end of the year you should be reviewing a few of your options. Selling securities that are worth less than what you paid for them in non-retirement accounts. For…
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Money Markets are Back!

Money Markets are back! Your bank may not have mentioned that you can earn significantly higher interest by moving your money out of your local savings account.  Typically, bank savings accounts have paid less than 1%. Today mutual fund…
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What's Worse Than Inflation?

Yes, 2 straight quarters of negative GDP (Gross Domestic Product) is and always will be the definition of a Recession. We have just recorded that in the U.S for the first half of 2022, period. What is worse than inflation, STAGFLATION. Stagflation…

Today's Investment Conundrum

Just when you think you’ve seen it all, the US economy and investment outlook looks more confusing than ever. American consumer confidence is at all-time lows and for good reason. 40-year high inflation, horrific crime in our big cities,…
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Time to Convert Old 401k/IRA to Roth IRA

Thanks to Trump’s Tax Cuts and Jobs of 2017, we have historically attractive marginal income tax rates. If you convert (or withdraw) any part of a pre-tax IRA (think old 401k) to a Roth IRA, you treat the amount you convert as ordinary…
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No More Legislative News is Good News - Kill the Bill(s)

No bad (2,500 page) legislation getting passed this week in Congress is great news for America’s economic future.  From what I’ve been able to study and read, there were so many tax increases, pork spending plans, and entitlement expansion…
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Ship Captain's Value in Rough Seas

  Lake Michigan can be easy sailing or super intimidating and downright scary depending on what side of the breakers your boat sits. Last weekend, one of our neighbors kindly took my wife Soni, and daughter, Olivia sailing on their…

Retirement Planning Post-Covid Shutdowns

How does your retirement plan look now? While many people have been financially shaken up by the government shutdown reaction to the Covid-19 virus, we all have to look forward to our future. These 5 Habits Literally Add Years to Your Life,…

Country Divided - Mass Uncertainty

My observations on: Covid 19 Presidential Election Far From Over Twitter, Facebook, and most media exposed Great hope for the future Lots of statistics, charts, and some articles for those wanting a deeper dive. Some Great…

Bullish on Stocks

The US stock market tends to be forward-looking and it's booming for good reason. Despite NYC, Chicago, and LA being shut down, the unemployment rate is under 8%.   I can't believe it given the shutdowns in those key cities.  Imagine when…
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Will You Have Enough Money to Retire? Benefits of Online Financial Planning

Will we/I have enough money to quit (RETIRE) my current job? It's the million-dollar question. If so, what choices will we have if we quit? If you're ready to examine this and want to do it while at home then you should know you can do…