I despise the fact that people are being fooled by the banks to pay their mortgage loans off as soon as possible. The premise of getting out of debt is being advertised, pushed, and praised everywhere. It forces people to use Thirteen’s payment in an attempt to save money while, in fact, they are losing […]
Category: Investments
My unbiased and comprehensive take on retirement planning. Part III.
This is a final Part III of the post. If you have missed previous parts, find them here: Part I and Part II. HAVE A FINANCIAL AND ESTATE PLAN As a part of your retirement plan, think about your family members who depend on you financially-and who may outlive you. Income annuities, investment income streams, and life insurance might all be […]
My unbiased and comprehensive take on retirement planning. Part II.
8 steps to increase your chances of safer retirement This is Part II of the post. Read Part I if you have missed it. 1) Spend less and save more You alone are responsible for accumulating enough assets to retire at the time and in the lifestyle of your choosing. Make sure you have a positive cash […]
My unbiased and comprehensive take on retirement planning
Read an article about retirement, and you will find the same advice: plan your retirement in advance. What kind of plan should it be? It’s not the big plans like for a wedding or vacation. It’s more complicated. In this article, I want to discuss financial planning. And it is not because I am a guru […]
What I’ve learned about the good, the bad, and the ugly Annuities. Part II.
When do you want to buy the annuities? As I have mentioned in the first part of this article, annuities make the most sense for pre-retirees and retirees who want to minimize worry about bear markets in retirement: a precise stream of income no matter how markets perform. Annuities, in short, represent certainty in an uncertain world. […]
Money Management skills deficiency
Let’s talk about moneyMoney, money, money…It’s a rich man’s world… (ABBA) Let me ask you, guys, did your parents teach you how to handle money? No? You will be surprised that not so many people answer “yes”. And this is a problem. My daughter-in-law used to work as a mortgage loan officer during the real […]
What I’ve learned about the good, the bad, and the ugly Annuities
February 20, 2019 An annuity is the most hated investment vehicle, yet, the annuities are still being sold. Let me start with an introduction to annuities made by S. McDonald from the Oxford Club. While I like his articles related to retirement, I don’t like the cost of his offered services but this is another topic. This […]