Update 3/11/2020 - We are in the midst of the worst stock market turmoil since the financial crisis in 2008, due to the coronavirus and related disruptions in the economy. It's times like these that can fuel fear-based selling tactics by many who … [Continue reading]
4 Things To Do When The Stock Market Drops
February 24, 2020 by 10 Comments
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]
Financial Fraud – Tips to Protect Yourself
February 5, 2020 by 7 Comments
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]
The Super Bowl and Your Investments
February 3, 2020 by 5 Comments
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]
401(k) Options When Leaving Your Job
January 28, 2020 by 12 Comments
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]
SALT and Your Taxes
January 19, 2020 by Leave a Comment
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]
4 Steps to Make Your 401(k) Work as Hard as You Do
January 18, 2020 by 4 Comments
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]
Required Minimum Distributions – 7 Things You Need to Know
January 13, 2020 by 11 Comments
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]
Managing Inflation in Retirement
January 9, 2020 by 2 Comments
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]
How Much Apple Stock Do You Really Own?
January 5, 2020 by 4 Comments
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]
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