On December 23, while most of us were beginning to celebrate the holidays the president signed a massive $1.7 Trillion Omnibus bill to fund the government. Tucked away in this 4,000 page bill were significant changes that will impact retirement savers known as Secure Act 2.0. While there were many changes in the new law […]
Roth IRA Strategies After SECURE Act 2.0 Read More »
About six months ago I transitioned from a 22 year career as a financial advisor to a state of early retirement. Since the beginning of my career it was a long term goal of mine to be in a financial position to have the option to retire early. While I will likely not stay retired
Early Retirement: Thoughts On The First Six Months Read More »
Lately I’ve been pondering the affects of inflation on early retirement. I will write a post soon on how this is going for me. In the meantime, here are some other author’s musings on early retirement: Minimalism And Early Retirement Go Perfectly Together Financial Samurai Since my own early retirement I have had a desire
What I’m Reading 12/13/2022 Read More »
This has been a rough year for investors. The stock market averages have been down double digits for most of the year. We are clearly in a bear market for equities. To make matters worse, bonds have also dropped significantly this year, meaning the lower risk 60/40 type portfolios are down almost as much as
It’s Time To Bring In The Tax Loss Harvest Read More »
This is an ongoing series exploring the various financial advice fee models. In part one, I looked at the overall fee and commission landscape and discussed the incentives inherent in the commission only model. In this post I will be discussing the fee only model, specifically fees based on a percentage of the assets being
Financial Advice Fee Models Part 2: AUM Fees Read More »
After multiple decades of mostly low or falling inflation we may be entering a new financial era of generally higher inflation and interest rates. Because many of us are not used to this dynamic (my career for example began in 2000) I have been exploring various thoughts on what this might mean for investment strategy,
What I’m Reading 11/10/2022 Read More »
“Show me the incentive and I will show you the outcome.” Charlie Munger When seeking financial planning and investment advice it is important to understand how much you are paying for the advice. This is a key question I recommend asking your Advisor up front (before you start working together) and should include a breakdown
Financial Advice Fee Models Part 1: Commissions Read More »
“Money makes money. And the money that money makes, makes money.” Ben Franklin What My High School Math Teacher Taught Me About Building Wealth It was towards the end of my senior year in high school. I’d already been accepted into college. Other than my final high school track season, I had an acute case
How To Get Rich Slowly Read More »
I began my career as a financial advisor in the summer of 2000. At the end of that year the yield on the ten year Treasury bond was 5.12%. If I had purchased a $10,000 ten year that day I would have received interest of approximately $512 per year. If I didn’t sell the security
Falling Bond Prices Mean Higher Future Income Read More »
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” John Maynard Keynes The above quote notwithstanding, there is one government program that can significantly help the individual investor during a period of high inflation. It is the lowly savings bond, specifically the Series
I Bonds Can Help Savers Endure Inflation Read More »
