The Ramsey Show (October 12, 2021)




How To Make Your Family Line Rich

What would happen if on the day your child, grandchild, or great grandchild was born, you invested $1 in the S&P 500 but kept it a secret. Assuming the infant lived to age 84, where is what that dollar would be worth.

No Guarantees: Lower Taxes in Retirement?

People often assume they will pay less in taxes when they stop working. However, this article discusses reason why that assumption could be faulty.

Your Retirement Plan May Be Your Downfall

This article discusses a long-held assumption of retirement planning and whether it is still holds validity. Research suggests that continuing to plan based upon the assumption could be disastrous.

Ten Major Considerations for Retirement Planning

This article highlights several key factors people should consider when planning for retirement. Readers should finish the articles with a solid foundation for beginning the retirement discussion.

How Recent Events Hinder Your Investment Return

Investors should be conscious of the recency bias when developing their portfolio. The recency bias is the habit to assume recent trends in market activity will continue well into the future.

Fundamental Strategies for Saving Money

I recently watched a movie titled Living on One, a documentary about four college students’ efforts to spend a summer in Guatemala living on a dollar a day. (The movie is available on Netflix and is worth an hour to view.) As 50% of the citizens of Guatemala live on less than a dollar a day, the film explored the personal finance habits of people who have a hard time earning enough money to live on, much less save.

Is It Time To Reduce the Bond Exposure in Your Portfolio

For the last half-decade, investors have been continually concerned about rising interest rates and the effect they may have on the bond portion of their portfolio. This is a valid concern — after all, why would anyone buy your bond that yields 3% when they could buy a bond yielding 4% on the open market? With interest rates considerably lower than historical averages and expected to rise, would now be a good time to sell some of the bonds in your portfolio?

FINRA Warns and Informs About Variable Annuities

The Financial Industry Regulatory Authority (FINRA) recently published an investor alert to help educate investors about variable annuities and suggest questions to ask when considering the purchase of these products. The following information is a summary of FINRA’s advice.

Autopsy of a Promissory Note Corpse

Examining a Promissory Note Disaster. Here are the problems uncovered by the appraiser. Lesson learned.

How to Double Your Money Safely – Slow and Steady Wins

Earning money, paying the bills and saving for the future is a full-time job for most of us. After we accumulate savings, we are challenged on how to invest it to maximize its earnings while avoiding losses caused by high-risk investments. A key principle of successful investing is protecting what you have and having it work hard for you. A hard working investment account can double in value several times during a full working career, if properly invested.

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