A decade or so ago, there wasn’t a lot of discussion about how healthcare costs could ruin a perfectly good retirement planning strategy. What has changed is the massive numbers of Baby Boomers headed for the retirement exits along with steeply rising healthcare costs. In today’s world, projected healthcare costs during retirement deserves to be […]
Healthcare Planning for Retirement- The New Paradigm
Social Security Drop-Dead Deadline Fast Approaching
I was shocked that, what seemed like in the middle of the night, members of both parties in Congress passed legislation soon ending two of the best Social Security claiming strategies. The first is called ‘File and Suspend’. As an example, let’s assume a married couple, both age sixty-six (full retirement age for Social Security) […]
Anatomy of a Goal: I’ll Lose 15 Pounds in 30 Days!
We all hear successful people speak of the importance of having goals but most people either don’t have goals or the goals they do have are vague, not written down or not followed. So I thought it would be fun and instructive for you to follow me and one of my goals. I want to […]
Wealth Creation Pt 4: Be Your Own Boss
More and more people are considering pursuit of the dream of owning their own business so they can control their own financial destiny. It also happens to be the number one path to wealth creation. One advice, to secure everything you have, you must attend some proper seminars on WindWard Private Wealth Management. Unfortunately, the […]
Wealth Creation- Part 3: Invest Like a Millionaire
To achieve higher levels of wealth you’ll need to start by learning three basic things: Learn to love saving. A wise lady once told me ‘Sleep on it before you buy it!’ Much of what we spend money on adds very little value to our lives in the long term. It’s simply ‘impulse’ buying. Your […]
Wealth Creation- Part 2: 5 Stages of Wealth
In my column last week, I discussed how to get started investing with as little as $1 a month. This week, let’s look at the five Stages of Wealth and determine how much you must accumulate to become financially independent. In my upcoming book, “The Fundamentals of Wealth Creation” (publish date: 2017), I discuss the […]
Wealth Creation- Part I: How to Invest as little as $100
Think of someone you know who is rich. How did they get there? Well, one day they had a hundred dollars and decided not to spend it, but to invest it instead! Over the decades I have spoken to hundreds of people who simply feel lost regarding how and where to invest. They don’t know […]
Need Free Financial Advice? Don’t Miss the March 5th Alabama Money Expo!
Most people could benefit from financial advice but, in many cases, they simply don’t know where to go to get sound advice and they don’t want to find themselves in the middle of a sales pitch. Look no further than the free 2016 Alabama Money Expo being held on Saturday, March 5th at Carver High […]
Shopping CD Rates Can Mean BIG Bucks
Reader Question: According to information on www.BankRate.com, investors can earn higher interest rates on their savings and money markets by banking on-line than they can earn at local banks. For example, Synchrony Bank pays 1.25% on a one-year CD. Is there any risk in doing this? G.H. Answer: No, just be certain your bank is […]
The Downside of P.O.D.’s
Last week I fielded a question from a reader about the perils of contingent beneficiary designations. This week I received a phone call from a prominent estate planning attorney recommending I discuss the pros and cons of using ‘Payable-on-Death’ (POD) agreements which are being used more and more by brokerage firms and banks. These agreements […]