Objective information about financial planning, investments, and retirement plans
Update February 24, 2020 approximately 6:00 p.m. – the market closed today with the Dow losing almost 1,032 points or 3.6%. This was the third time in history that the index declined 1,000 or more points in a single day. This is the worst single day … [Continue reading]
Update 2/5/2020-Just saw that Bernie Madoff has appealed to be released early from prison due to health reasons. I have very mixed feelings about this given the financial ruin he forced on so many people, I'll leave this to you the reader to form you … [Continue reading]
Update: The Chiefs won, time to sell everything. Just kidding, thankfully this indicator has been wrong for the past four years, hopefully this will continue for a fifth straight year. It’s Super Bowl time and once again my beloved Packers are not … [Continue reading]
Perhaps you are retiring or perhaps you are moving on to another opportunity. Perhaps you were downsized. Whatever the reason, there are many things to do when leaving a job. Don’t neglect your 401(k) plan during this process. With a defined … [Continue reading]
One of the big topics again this tax season is SALT. This is not a seasoning for food, but rather SALT stands for state and local taxes. The treatment of these expenses in terms of their deductibility for those who itemize was a major change … [Continue reading]
Whether you work as an employee or you are self-employed you work hard for your money. In spite of what was said on PBS Frontline The Retirement Gamble and elsewhere in the press, in my opinion 401(k) plans are one of the best retirement savings … [Continue reading]
Update 4/15/2020 - As part of the CARES Act passed to ease the economic impact of the cornonavirus pandemic on individuals and businesses, required minimum distributions have been waived for 2020. To read more about this, please check out my post … [Continue reading]
Inflation has seemed tame or even non-existent in recent years. The threat of inflation, along with the potential for the Federal Reserve to raise interest rates to combat it, has contributed to volatility in the stock market from time-to-time. … [Continue reading]
Apple (AAPL) stock has been a great investment over the years. Based upon its stock price and the number of shares outstanding it is the largest U.S stock based upon market capitalization. This means it is the largest holding in many popular index … [Continue reading]
In today’s world of early or semi-retirement, many people wonder when they should begin taking their Social Security benefits. The combination of Social Security and working can complicate matters a bit. You can begin taking your benefit as early as … [Continue reading]
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