Jeopardy, Double Jeopardy and Double Taxation!

Bear with me while I tie a few things together… The game show “Jeopardy” has been around since the 1960’s. It wasn’t until I was much older that I began to appreciate the show for what it is and what it isn’t. I am amazed at the amount of obscure trivia that the contestants knew Read more about Jeopardy, Double Jeopardy and Double Taxation![…]

Why you never have, nor ever will own the S&P 500 or any other Index for that matter!

Virtually every person that I meet with owns a S&P 500 mutual fund or ETF. And most likely they own several other indexes. The problem is, they don’t actually own these indexes. You see, you cannot actually own them, not really. The reason is, is that there is only one S&P 500, one Russel 1000, Read more about Why you never have, nor ever will own the S&P 500 or any other Index for that matter![…]

Mutual Funds Exposed (Part 1 of 6)

At one time, mutual funds were useful investments. It used to be difficult and expensive for individuals to own many stocks and create their own portfolio to help get the benefit of diversification.  So, mutual funds probably provided, at one time, what might have been one of the best available investment alternatives. However, to obtain Read more about Mutual Funds Exposed (Part 1 of 6)[…]

It is difficult to get the Right Solution when you start with the Wrong Premise!

Every step of our education has been centered on what to think, rather than how to think. We have been dumbed down as a society. When it comes to finances, the less we know, the more we are exposed to misinformation. All of the financial information that is available to us today has been created Read more about It is difficult to get the Right Solution when you start with the Wrong Premise![…]

Brexit, Schmexit… You Probably Shouldn’t Fret It!

The U.K. voted to leave the EU. Now there is uncertainty, which is why the markets are volatile. But fundamentally, little has really changed. Once the initial market reaction wears off—and it will—it is important to remember that the U.K. is still a member of the European Union. The separation process will take time and Read more about Brexit, Schmexit… You Probably Shouldn’t Fret It![…]

What’s Your Number?

Do you remember the ING retirement campaign a few years ago.  The commercials were always asking, “What’s Your Number?”.  This brief article isn’t the place to get into what is wrong with the “What’s Your Number” campaign. What I want to focus on is this – For simplicity’s sake, let’s say that your “number” was Read more about What’s Your Number?[…]

Finding Money (Not in the Couch Cushions)

It is pretty cool when you pull on a pair of jeans that you haven’t worn for a while and find $20.  It never gets old.  But that is as far as most people get.  Perhaps they find $100, but how often do people forget $100 in their pockets… rarely. Imagine finding a lot more Read more about Finding Money (Not in the Couch Cushions)[…]

Quantitative Easing = Irrational Exuberance

The phrase “A picture is worth a thousand words” was first uttered more than 100 years ago by Tess Flanders, the editor of a newspaper while discussing journalism.  That idiom is still valid today. Below are a chart of the S&P 500 that I have made some notes on for illustrative purposes.  To fully understand Read more about Quantitative Easing = Irrational Exuberance[…]

What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin!

The title of this article is a quote from Mark Twain.  Little did he know that his quote would resonate for the next century throughout all of America.   Mark Twain died in 1910 and didn’t live to see how true his statement would be. A Little History Lesson: Above is the “History of the Top Marginal Read more about What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin![…]

But, I’m Going to be in a Lower Tax Bracket When I Retire!

One of the many questions that I ask new clients is, “What tax bracket do you think you will be in when you retire?”  This is to get a good idea of how they foresee their retirement with the knowledge that they have today.  Invariably they will respond, “I will be in a much lower Read more about But, I’m Going to be in a Lower Tax Bracket When I Retire![…]