Are You Planning Your Investment or Just Gambling?
I think back to the days I was a financial advisor for a large brokerage firm. The client comes in and I’m talking to him on the phone or in the office, and the client has $500,000 sitting there in a rollover IRA. They say, “What do I do withContinue Reading
Break the Bank – Funding Your Kids’ College
The prospect of being able to fund the costs of your children’s college education can feel daunting. Particularly if your children want to go to a private four-year university directly out of high school, you are probably wondering how you’ll afford a $50,000+ annual tuition bill and all of theContinue Reading
Successful Investing Takes Effort
I talk to a lot of people, and get to see what financial decisions they make. Why they did this, why did they do that, and what their failures are, among other things. Unfortunately, a huge number of people make decisions based on a process that comes down to anContinue Reading
Leave a Legacy for Future Generations
I want to spend a little time on the idea behind the “Legacy” stage of the Perpetual Wealth Strategy. That’s something that’s somewhat hard to talk about because Legacy applies to so many different aspects of life. The most obvious role of the Legacy stage is to ensure that youContinue Reading
Why Are Your Tuition Decisions So Stupid?
Let’s face it: The cost of a college education is quickly spiraling out of control. Whether you’re still paying back your own college loans or facing the prospect of helping your children pay for theirs, there is no escape from the essentialness of college – or from the huge priceContinue Reading
You CAN Have it All: How to Enjoy the Retirement of Your Dreams
Does the idea of saving enough money for your dream retirement stress you out? Even if you’re feeling financially sound now, you might worry about whether or not you’ll have the funds to maintain your style of life when it comes time for you to retire. This is a common concern thatContinue Reading
The David and Goliath of Traditional Retirement Advice
There are so many “Goliaths” when it comes to financial advice this is beat into our heads every day. These “experts” spout the same diatribes so much that they become the status quo – Invest in the stock market. Put money in your 401k. Use this specific type of IRA. However,Continue Reading
Keep More Money During Tax Season Using Withdrawals
Typical tax-deferred or tax-advantage savings plans haven’t proven themselves to be a guaranteed way to help people keep more of their savings protected from the tax man. This is for two reasons. First, the tax bill does come due when account owners withdraw money as income and secondly, because ofContinue Reading
What You Don’t Know About the US Tax System Can Hurt You
Are you counting on using a traditional, tax-deferred savings plan to support you with retirement income? These products seem to provide a common way for Americans to save for the future. The elephant in the room is that 401k, 403b, and traditional IRAs work pretty much the same way. ThatContinue Reading
Veteran and Military Advantages in Real Estate Investing
Active duty members of the military and those qualifying for veteran’s benefits have several advantages over the typical investor when it comes to growing wealth in rental real estate. These advantages include better loan terms, less expensive insurance, reduced costs for maintenance and repairs, and better leasing and property managementContinue Reading