August 15, 2018

I can’t say it takes up a lot of our day, but John and I do spend a little time answering a similar question using a variety of the same answers: “NO”, “I don’t think so”, “Have you really thought about this?”, and “Is this is the same brother-in-law that you told me last year was a loser and good-for-nothing?”

What’s the question you ask? “I’d like to invest some money in (fill in the blank on the latest investment opportunity).”

August 15, 2018

By: John Zeltmann

When speaking with clients about relocating in retirement, one question prevails: Which state is the best state to retire to from a tax perspective? As is the case with most questions in the world of financial planning, the answer is...it depends.  On you.

August 15, 2018

A few years ago, Carl Richards, author of “The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money,” wrote a column¹ in which he advocated that financial advisors should play small ball with money they manage. It’s directly related to this issue’s Stan’s World, so we took it out of the archives, dusted it off, and will use it to explain further why our asset management process so closely resembles small ball.

August 15, 2018

We heard from a financial planner colleague in Maryland who recently shared an absolutely incredible cybersecurity scam experienced by one of his clients. The series of events is so frightening that we’re compelled to strongly urge you to take steps to better protect your investment and other accounts. Cybercriminals are using technology to degrees never before seen.

Source: Direxion Funds

August 15, 2018

• The yield on the 10-year Treasury note closed at 1.36% on 7/08/16, its lowest closing yield ever. (10-year notes have been traded in the USA since 1790, i.e., 228 years of trading.) The yield on the 10-year note closed last Friday (8/17/18) at 2.85%.

• Proposed US tariffs on car imports will add an estimated $5,800 to the price of an imported foreign vehicle.

• 45 US states collect statewide sales taxes, i.e., 5 states (Alaska, Delaware, Montana, New Hampshire and Oregon) have no state sales tax. California has the highest state sales tax (7.25%) in the nation.

June 30, 2018

Are you a pre-retiree who dreams of retiring so you can wake up every morning with a big smile on your face? Do you envision endless days of joy, with time spent fishing, hiking, eating, socializing, or gardening? Is your vision of retirement an image of pure bliss?

June 30, 2018

If you’re a 50 or 60-something with adult children, you may occasionally wonder when you’ll become a grandparent. Unfortunately, according to Bloomberg Businessweek¹, you may have to wait a little longer. “The number of births in the US fell in 2017 to its lowest in 30 years.”

June 30, 2018

Yes, you read that correctly; it’s time to start thinking about 2018 taxes. Why? Because the earlier you do so, the better the chance that you’ll uncover an opportunity you otherwise might have missed. In the tax business, opportunities may potentially translate into saving on taxes and putting more money into your pocket.

June 30, 2018

While both sad and depressing, the story of Rita Sherman, as reported in The New York Times¹, should provide valuable lessons to every current and future retiree. (The title alone is depressing.)

Source: Direxion Funds

June 30, 2018

• 28% of American jobs do not require any formal educational credential, i.e., not even a high school diploma.

• Over the last 20 years, i.e., 4/30/98 to 4/30/18, inflation in the United States (using the “Consumer Price Index”) has increased +54.2% or +2.2% annually. An individual living on a fixed-income who has not benefited from “cost-of-living” increases would have only 65% of the purchasing power as of 4/30/18 that he/she had 20 years earlier. The consumer price index (CPI) is a measure of inflation compiled by the US Bureau of Labor Studies.