I don’t have time to plan – I’m too busy

I hung up the phone and shook my head. I have a good friend (I’ll call him Joe) who talks with me about his retirement fears. He’s in his peak earning and expense years with children getting ready for college. He’s diligent about making his 401 (k) contributions although he is not contributing the maximum. As always, I suggest he […]

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To Roth or Not to Roth, That is the Question

In a recent article I outlined some virtues of rolling over a traditional IRA or 401 (k) into a Roth IRA. As baby boomers transition into retirement their concern moves from accumulating wealth to keeping it. Today we are going to learn from a professional who deals with these issues regularly – a certified expert. Good friend Jeff White, President […]

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Dump Your Business Partner – NOW!

Good friend Alex N. recently sent me an article from the Pittsburgh Post-Gazette, “IRA Clock is Ticking”. Author Tim Grant warns, “If seniors unknowingly miss the Dec. 31 withdrawal deadline, it ends up costing them dearly in the form of a tax penalty that amounts to 50 percent of what they should have withdrawn.” He explains the Required Minimum Distribution […]

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The Missing Link to accumulating wealth

“OK people, listen up!” screamed my drill instructor at the top of his lungs. We knew we better pay attention. I recently interviewed Michael Dubrow of Moneytips.com about research they have done in conjunction with their book, The Retiree Next Door. Michael’s response to one question really got my attention. “Most people know what they should do: plan, save more, and spend […]

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Tips from those who walk the walk

Leisa Peterson recently interviewed me for a column in the Huffington Post. It was part of a series of fascinating e-books, The Retiree Next Door; Financial Professionals Reveal their Retirement Secrets. I contacted book author Michael Dubrow and was excited when he agreed to an interview. I wanted him to discuss his experiences in putting together the book. Michael has a cool website […]

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The USS Social Security is sinking fast!

The 2015 Social Security and Medicare Trustees Report was released in late July. It starts off with an urgent warning for everyone. “Social Security’s Disability Insurance (DI) Trust Fund now faces an urgent threat of reserve depletion, requiring prompt corrective action by lawmakers if sudden reductions or interruptions in benefit payments are to be avoided” I’ll skip the fuzzy-math and get to […]

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4 Tips for Catastrophe Protection

Parenting never ends. My granddaughter bought her first car and asked me about insurance. She had two quotes: one with a $100 deductible and a second for $500 deductible. She was leaning toward the $100 deductible because “it was only $10 more per month”. So why not take that option? I explained the higher premium policy buys an additional $400 in […]

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