The Ramsey Show (February 7, 2022)




Investing By Age

Simple advice can create problems that are not always simple to fix.  One example is the advice that an investor’s age plays a central part of their investment strategy and asset allocation (for example standardised high risk strategies for young investors and conservative strategies because you are already, or close to being, retired).  This advice is too generic and the individual’s circumstances and appetite for risk must be taken into account.

The Power of Tax Deferral

Annuities have two functions: the first is the accumulation stage where the account holder deposits money, sometimes called purchase payments, in an on-going basis and sometimes in one lump sum. The next stage of an annuity is the payout stage, where you simply began to withdraw your money out of the annuity.

Federal Workers Compensation Protection

If you have a loved one who is approaching retirement age or is affected from federal workers compensation, it can be hard to help them through this transition. If they qualify for disability retirement, it can be even more complicated. We never want to see our parents or grandparents suffering.

Top 10 Reasons Why You Should Self-Direct Your Retirement Instead Of Investing In Mutual Funds

There are thousands of so called financial advisors that tell you that you should invest in mutual funds, money market accounts, stocks, bonds and life insurance policies and diversify your retirement portfolio. This is some of the worst financial advice you can get and the general public has been duped by the large investment companies like Fidelity, Charles Schwab, and the large banks for years.

How to Effectively Prepare for Your Retirement

Retirement can be described as the act of voluntarily or involuntarily disengaging from paid employment. In this article, I will be sharing some of the basic things one needs to put in place when planning to retire.

A Tidal Wave Of Economic Instability Is Coming To Wipe Out Your Retirement Savings Even Further

Are you worried about massive inflation, if social security is going to be enough for you to retire, if your retirement savings is going to last you throughout your later years, well you’re not alone. The vast majority of retires are very concerned with what is going on in the economy and their ability to retire.

Safe Money – Understanding Annuities

How are your returns on your “safe money” doing for you? Safe money is the money that you cannot afford to lose such as; mutual funds, 401k, money markets, etc. An annuity is a way to guarantee that you will never lose any principal or credited interest on your retirement dollars. It also can provide some substantial gains by giving you the benefit of the stock market without the risk of the stock market.

Learn Strategies for Medicaid Long Term Care Qualification

Learn strategies to protect your savings from the devastating costs of long term care. How to use the Medicaid rules to your advantage.

You Shouldn’t Be Changing Your Retirement Plans Every Six Months

They say patience is a virtue, and probably one that doesn’t go over too well with me, you see, I’ve always thought it is an inhibitor to getting things done. Nevertheless, the other day I was talking to a friend of mine who frequents a local Starbucks near here, and he is indeed a registered financial planner and investment advisor. As we got to talking he reiterated to me that patience is a virtue, especially when it comes to retirement planning.

Income Creation Retirement Planning For People Close To Retirement

Creating your IRA income in retirement is much different than saving for retirement. The few years right before retirement and the few years right after retirement are crucial to your financial success in retirement. You have to make sure that you don’t lose any money by your investments going down right before or right after you retire.

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