Objective information about financial planning, investments, and retirement plans

What I’m Reading – NFL Training Camp Edition

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Training camp is in full swing for the teams in the NFL which means the start of football is only about a month away.  I enjoyed the NCAA men’s basketball tournament, the huge win in the Stanley Cup finals for our Blackhawks and certainly the great performance by our women in winning soccer’s World Cup.  However football is the end all be all for me in terms of sports.

I love the college game but as regular readers here know I am a lifelong and diehard fan of the America’s team, the Green Bay Packers.  Let’s hope the defense holds up this season and they can shake off their collapse in the NFC title game and go on to return the Lombardi Trophy to its rightful home.

Here are a few articles I suggest for some good financial reading:

Robert Powell writes The secret to a happier, healthier life?  Just retire at Market Watch.

Barbara Friedberg shares The Dark side of High Yield Investing at US News.

Dan Caplinger discusses Why a 401(k) Match Matters More Than You Think at The Motley Fool.

Michelle Singletary asks There is a retirement storm coming.  Are you prepared? at The Washington Post.

Sterling Raskie shares How to Interview Your (Potential) Financial Advisor at Getting Your Financial Ducks in a Row.

Lisa Hay urges retirees to Have a plan when tailoring retirement draws to your income at Market Watch.

Have a great week.  As I requested in my last post What Should I Write About? please contact me regarding any financial topics that you would like to see covered as well as any questions or comments you might have about the blog.  

What I’m Reading – Winter Chill Edition

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It’s Valentine’s Day this weekend and it’s really cold out.  For the next week we are supposed to be in the “deep freeze” so to speak.  Our friends in the Boston area are supposed to get slammed with even more snow.  We will be spending Valentine’s Day inside, I’m making shrimp scampi for dinner and I made sure that we had appropriate sweets and some bubbly to celebrate as well.

Here are a few financial articles I suggest for some good financial reading this weekend:

Barbara Friedberg shares The Power of Raising 401(k) Contributions at Investopedia.

Anna Wroblewska details The 3 Keys of Effective Financial Planning at The Motley Fool.

Priya Anand warns us Looking for love? Watch out for these 3 scams at Market Watch.

Michael Santoli asks Negative interest rates: Coming to America? At Yahoo Finance.

Kevin Mercadante shows us how to determine Are You Being Paid What You’re Worth? at Cash Money Life.

Mike Piper answers How Do Child’s Benefits Affect Social Security Claiming Strategies? at Oblivious Investor.

Michelle Fox tells us Here’s how a janitor amassed an $8m fortune at CNBC via Yahoo Finance. 

I continue in my role as a contributor for Investopedia and here are my most recent articles for them:

Which ETFs You Should Avoid

How Advisors Can Fight Shrinking Management Fees

A Financial Advisor’s Guide to Millennial Clients

Robo-Advisors and a Human Touch: Better Together?

Planning for Healthcare Costs in Retirement

Enjoy the rest of your weekend.  Happy Valentines Day and stay warm.

Please feel free to contact me with your questions. 

Check out an online service like Personal Capital to manage all of your accounts all in one place.  Please check out our Resources page for more tools and services that you might find useful.

What I’m Reading NFL Conference Championship Edition

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Its conference championship weekend in the NFL. The winners of the two games on Sunday will play in two weeks in the Super Bowl.  The Indianapolis Colts play the New England Patriots in the late game.  The first game has my beloved Green Bay Packers visiting the defending champs the Seattle Seahawks.  A tough place to win so I’m hoping Aaron Rodgers and the rest of the team are up to the task.

While you are waiting for the game or if you are not into football here are a few financial articles I suggest for some good weekend financial reading:

Jim Blankenship tells us why Debt Consolidation Loans Don’t Work (But You Might Get it to Work For You!) at Getting Your Financial Ducks in a Row.

Ryan Guina asks When Will I Get My Tax Refund? 2014 Tax Year Refund Schedule at Cash Money Life.

Mike Piper answers Why is Currency Risk Bad? at Oblivious Investor.

Barbara Friedberg discusses Monthly Pension Or Lump-Sum: Which Is Better? At Investopedia.

Josh Friedman writes Pimco’s Assets Declined 10% in Quarter After Gross Exit at Bloomberg.

Cliff Goldstein discusses The best time to start taking Social Security at Market Watch.

Alan Roth warns Non-Traded REITs – Warning, Danger Ahead on the AARP Blog.

I continue in my role as a contributor to Investopedia and here are my most recent articles for them:

Why Retirement Advice Is Better But Still Lacking

How To Explain Portfolio Rebalancing To Clients

What To Do When Your Client Behaves Badly

How Financial Advisors Can Help Gun-Shy Investors

Enjoy the rest of your weekend.  Let’s Go Packers!

Please feel free to contact me with your questions. 

Check out an online service like Personal Capital to manage all of your accounts all in one place.  Please check out our Resources page for more tools and services that you might find useful.

 

What I’m Reading NFL Wildcard Edition

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Its Wild Card weekend, in plain English the first round of the NFL Playoffs.  The Carolina Panthers are on the verge of beating Arizona in game one.  I’m rooting for the hated Detroit Lions so that my Packers can face the Panthers next weekend at Lambeau Field.

Here are a few financial articles I suggest for some good weekend financial reading:

Ben Carlson shares Updating My Favorite Performance Chart  at his blog A Wealth of Common Sense.

Victor Reklaitis thinks the Big threat to your portfolio is overpaying for active funds, not being misled by index funds at Market Watch.

Mary Childs wrote Pimco Total Return Fund suffers worst year of redemptions in history at the Globe and Mail.

Barbara Friedberg shares her Top 5 Money Tips for 2015 at her blog Barbara Friedberg Personal Finance.

Troy Onik offers Paying For College: 7 Myths And Mistakes Costing Families Thousands at Forbes.

Kay Bell writes Two giant lottery jackpots await lucky winners, tax collectors at her blog Don’t Mess with Taxes.

I continue in my role as a contributor to Investopedia and here is my most recent article for them:

Pros And Cons Of Annual Tax-Loss Harvesting

Enjoy the rest of your weekend.  Here’s hoping that 2015 is a year of health, happiness and prosperity for you and your family.  As far as the NFL playoffs its Let’s Go Packers!

What I’m Reading – Jay Cutler Superstar Edition

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Far too much time on the local newscasts has been devoted to the demotion of quarterback Jay Cutler to backup for this week’s game against the Detroit Lions.  The Bears have had a dismal season and the very sub-par play of Cutler has been cited almost universally among fans and the media as a main cause.

What I’m Reading – Jay Cutler Superstar Edition

For those who don’t follow the NFL it should be noted that Cutler signed a huge contract extension just this past January that made him the highest paid quarterback in the league.  This means he makes more than Aaron Rodgers, Peyton Manning and Drew Brees to name a few.

As a finance blogger how could I refer to him as anything less than a superstar, a financial superstar to be precise?  His agent clearly did a masterful selling job on the Bears. This is likely why the Bears last great quarterback was a gentleman named Sid Luckman back in the 1940s.

Full disclosure I am an avid Green Bay Packers fan and love the dysfunction that is the Chicago Bears.

In the spirit of Jay Cutler’s superstar agent here are some financial articles that you might find interesting.

3 Reasons Not to Raid Your Retirement Accounts by Eric McWhinnie via Retirement Cheat Sheet.

Retirement vs College Saving in a Nutshell by Jim Blankenship at his blog Financial Ducks in a Row.

The World Economy In 2015 Will Carry Troubling Echoes Of The Late 1990s according to The Economist via Business Insider.

Opinion: The hidden truth about rebalancing your portfolio by Mark Hulbert via Marketwatch.

5 RMD Pitfalls to Avoid by Christine Benz via Morningstar.

Why Does Everybody Recommend Complex Portfolios? by Mike Piper at his blog Oblivious Investor.

14 Holiday Activities to Build Wealth and Memories by Barbara Friedberg at her blog Barbara Friedberg Personal Finance.

I continue in my role as a contributor to Investopedia and here are my last three articles for them:

Is An Online Financial Advisor Right For You?

How To Manage A Cash Windfall

Tips For Managing Inflation In Retirement

Here’s hoping for a long Packers run through the playoffs.  Is that Jay Cutler I hear laughing all the way to the bank?

Check out an online service like Personal Capital to manage all of your accounts all in one place or purchase the latest version of Quicken.  Check out our Resources page for more tools and services that you might find useful.

Photo source:  Mike Shadle and Wikipedia

My Top 10 Most Read Posts of 2014

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It’s hard to believe that 2014 is almost over.  I hope that it has been a good year for you and your families.

Readership here at The Chicago Financial Planner has increased every year since I started blogging back in 2009 for which I thank you my readers.  My hope is that some of the articles, whether written by me or by some of the excellent guest authors who have contributed their insights, have been useful and informative to you.

Here are my top 10 most read posts during 2014:

Life Insurance as a Retirement Savings Vehicle – A Good Idea?

4 Signs of a Lousy 401(k) Plan

Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)

401(k) Fee Disclosure and the American Funds

My Thoughts on PBS Frontline The Retirement Gamble

Using Retirement Accounts to Pay Off Debt – A good Idea?

4 Reasons to Accept Your Company’s Buyout Offer

7 Retirement Savings Tips to Help Avoid Regret

Is a $100,000 a Year Retirement Doable?

5 Reasons to Consider a Solo 401(k)

Additionally I recently started writing for Investopedia, here is a link to my contributor page which includes links to all of my contributions to the site.

I want to thank all of my readers again.  I also invite you to contact me to ask any questions that you might have, to tell me what you like or don’t like about the site, and to suggest topics that you would like to see covered here in the future.

I hope that you and your family have a great holiday season.

What I’m Reading-Packers Reign Supreme Edition

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It’s Cyber Monday (can you say contrived promotional event) and I have already been to O’Hare to drop my daughter off.  Amazing how crowded it was even at 5 AM.

Great football games over the holiday weekend, but none better than the Packers beating the Patriots yesterday in what was deemed a Super Bowl preview.  Feels good now but the next week is another game.

Here are a few financial articles I suggest for some good Post-Thanksgiving financial reading:

Jim Blankenship offers some Year-End Charitable Giving Tips at Getting Your Financial Ducks in a Row.

Mike Piper answers a reader question Which Accounts Should I Spend From Each Year In Retirement? at Oblivious Investor.

Christine Benz provides an example of A Conservative Retirement Saver Portfolio for ETF Investors at Morningstar.com.

Larry Light shared a piece from financial advisor and blogger Jeff Rose Make Your Money Last In Retirement (Pt. 2) at Forbes.

Ben Steverman writes Hedge Funds Lose Money for Everyone, Not Just the Rich at Bloomberg.

John Wasik shares Five Ways to Protect Yourself on Cyber Monday at Forbes.

For now the Packers reign supreme but the Falcons visit Lambeau for next week’s Monday Night game and they will pose a tough challenge.  Enjoy Cyber Monday and the rest of the week.