Archive | 55 & younger

brain

Mind Games by Elaine Floyd

Your perspective on things greatly influences how you decide. Here’s a great letter to advisers from Elaine Floyd that illustrates this … good choices require proper perspective. I added emphasis to main points below. “Mind games Dear Savvy Social Security Advisor, I’m always amused when I read academic papers that draw conclusions from multiple studies […]

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Are the markets rigged? Yes and No.

The media has been is an up roar about the most recent 60 Minutes interview with author, Michael Lewis. In the interview, Lewis claims that the stock market is “rigged” due to the high-frequency trading. We have come a long way (since markets of yester-year)! My concern about this perception is that investors who need to […]

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What States have Inheritance and/or Estate Taxes?

Most people are aware of the Federal Estate tax. Most people are unaware that many States also have their own STATE Estate tax, and a handful of States have a STATE inheritance tax. What is an inheritance tax if it is not an Estate tax … in other words, what’s the difference? The main difference is that an […]

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2014 tax rates

Myth – Your taxes will go down in retirement

This thought is so wide spread it is commonly accepted as truth. In fact, this seems to be so ingrained it is almost an excuse not to have to save that much for retirement  … “Why save so much when taxes will be less?” So why do I say this idea is a myth? Let’s walk through this by starting […]

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DIKW-diagram

Are you informed, knowledgeable, or wise?

When you go online you can Google anything and come with a lot of information. Many people do this for medical concerns and then go to a Doctor well informed in their own mind, but not at all wise about actually properly diagnosing the problem (for example, often there is more than one issue –  how do […]

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college grad

Greatest Lessons from the Great Recession – Part 3 of 3

There are 6 lessons that are timeless that we can learn from the Great Recession. These are important lessons that should not be forgotten with time. No matter what year it may be … these should be kept in mind. Now that the new year is starting … it’s a good time to review these short lessons […]

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Greatest Lessons from the Great Recession – Part 2 of 3

There are 6 lessons that are timeless that we can learn from the Great Recession. These are important lessons that should not be forgotten with time. No matter what year it may be … these should be kept in mind. Now that the new year is starting … it’s a good time to review these […]

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imagesCAWD0DLE

Greatest Lessons from the Great Recession – Part 1 of 3

There are 6 lessons that are timeless that we can learn from the Great Recession. These are important lessons that should not be forgotten with time. No matter what year it may be … these should be kept in mind. Now that the new year is starting … it’s a good time to review these […]

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Long Term Savings, Relying On Returns, And Retirement Date Risk – Kitces | Nerd’s Eye View

Kitces blog (Long Term Savings, Relying On Returns, And Retirement Date Risk – Kitces | Nerd’s Eye View) makes the excellent point that the traditional method of investment planning (save an amount and rely on compounding to work its magic) has some, heretofore unrecognized risks. Mainly it relies on the compounding magic to work in the […]

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when

Possibility of Adjusting Retirement Spending vs Possibility of Excess

Michael Kitces has an excellent blog on getting a grasp on what the academic terms Probability of Failure (or Success) mean to most people who have difficulty digesting the concept of probability. Past, more academic labels, of probability of “… “success” and “failure” do little to connote the true reality – that “success” actually means an excess left over, and that […]

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