Posts

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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…

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,…
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Two Emotions Kill Your Investment Returns

Will coronavirus fear kill your portfolio?
elderly care
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Are You Failing Your Parents When They Need You Most?

  Are you failing your parents when they need you most? I know you're busy with your life; your work, home, kids, etc., but if you haven't circled back with your senior citizen aged parents about their life plans, it's time…
retirement and college planning
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Can You Afford College & Retirement?

The real cost of college for many parents is they won't have nearly enough money to be financially independent when they would like to be. They may have had plenty if they didn't give hundreds of thousands of dollars to their kid's college(s). AS…
Retirement Plan
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What it Will Take for You to be Financially Independent?

It all comes down to spending. Your ability to be financially independent is primarily based on your overhead. On one end of the spectrum, you could live in a trailer park, paying cash for your trailer and live on groceries and minimum utility…
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Ideal 4 Point Retirement Plan

    Do you like my 4 point plan? This plan is a framework for what I consider to be an ideal retirement plan.  Part 1. In my ideal retirement plan, my wife and I would like to be able to spend and enjoy ALL (not just portfolio interest)…
HSA
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Triple Tax Advantaged Health Savings Account's (HSA's) Are Amazing!

Love my HSA for super tax preferred savings!
Retirement Planning
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How to Spend All Your Money in Retirement and Still Leave a Legacy

Want to spend your retirement nest egg with no fear of outliving it. Read on.
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Amazing Tax Saving Opportunity for Entrepreneurs!

The dream retirement plan (Solo 401k) for self-employed people! I set up my financial planning practice in Glen Ellyn back in 1996. One of my first concerns was how I would save for retirement as an entrepreneur.  At the time, the best plan…