Browsing: Retirement Planning

New Year Financial Checkup

New Year Financial Checkup

Monday marks Ditch New Year’s Resolutions Day when millions of Americans will have already given up on their goals to improve their lives in the New Year. We could offer some new habits to try to enhance your finances this year, but instead we’ll suggest a few simple tasks with potentially big payoffs. Retirement Plan… read more

When 2% = $1 million

As the year comes to a close, do you know how your investments fared for the year?  Will you know your net investment return?  Do you know how to calculate it?  And to what benchmark do you compare your return? Most investors will simply look at their balance at year-end and be happy with a… read more

Joe’s Bad Timing

Have you ever kicked yourself for buying stock funds at the top of a market cycle? Your timing may be bad, but it couldn’t be worse than Joe’s, one of the world’s worst market timers. Joe started working in the 1970’s but kept all his savings in a bank account that earned no interest. Joe… read more

Inflation is Here. How to Invest

The U.S. Bureau of Labor Statistics reported that inflation was up 5.4% for the year through the end of July, the highest rate in 13 years. While the Federal Reserve thinks that the current surge is temporary, they have underestimated the recent surge in prices and may well be wrong about the duration of these… read more

Bonds: Worth the Risk?

The investment industry has long recommended that investors build a balanced portfolio of stocks and bonds for their retirement nest egg.  A typical portfolio may be 60% stocks and 40% bonds depending on the investor’s age and risk tolerance.  History suggests that bonds will reduce the portfolio risk and provide a steady income for retirees. … read more

Your Share of Pandemic Spending

Since the pandemic hit last year, the Federal government has gone on a massive spending spree, driving budget deficits and the federal debt to unprecedented levels. The numbers are staggering so let’s break them down to make them a little more understandable. Congress has authorized about $6 trillion in pandemic related spending so far and… read more

Retiring Soon? Watch Out for IRMAA!

Are you planning to retire in the next few years? If so, you’ll want to get to know IRMAA to avoid one of the more stealthy taxes. Wait, What?! Unfortunately IRMAA is one of those nasty surprises that hits you and you go “Wait, what?!” Your tax preparer can explain it to you after you… read more

COVID Gives US Economy Swine Flu

Do you remember the PIGS?  The European Debt Crisis a decade ago centered around Portugal, Italy, Greece and Spain.  Their governments and banking systems were in dire straits after excessive borrowing and they needed to be bailed out by their European neighbors, the European Central Bank and the International Monetary Fund.  The crisis dragged on… read more

2020 Planning Checklist

The world has changed dramatically in 2020 so it’s a good time to revisit your financial planning.  There have been three major tax laws enacted over the past several months and many people’s income will look very different this year. It’s also a good time to revisit your retirement plan and estate plan.  And Michiganders… read more

Driving with the Rear View Mirror

There’s the joke about the woman watching the news with a report about a man driving the wrong way down the freeway. She knows her husband is in that area so she calls him on his cell phone to alert him and he says, “It’s not just one guy, they’re all driving the wrong way!”… read more