Archive - June 2010

1
If You Don’t Love Your Spouse, Invest in a Variable Annuity
2
High Deductible Health Care: What You’ll Need to Know
3
More reasons to keep on rolling (to an IRA, that is)
4
Watch Out Using Money Market Accounts in Your 401(k)
5
5 Documents You Need Before a Divorce

If You Don’t Love Your Spouse, Invest in a Variable Annuity

This is a series of articles I've labeld 'Variable Annuities are Retirement Snake Oil' on why today’s deferred annuities are not investments to consider for retirement. Over at least ten columns I’ll cover why you should avoid these ‘investment’ pitches and the people that want to put your retirement savings into them like the plague. Reason #1. The cash flow stream for spouses makes little sense.

You and your spouse are 60 years old and have entered retirement. What is it you dream of doing?

Hopefully it is spend as much time together as possible. Experience things you have always… Read More

High Deductible Health Care: What You’ll Need to Know

In the good old days (last year and before), my view of the health insurance industry was… ahem… kind of academic. If asked to comment on the future of health care, I might spout CFP® jargon such as “the law of large losses” and “shared responsibility” to explain why I thought costs were so high, but care standards not always as lofty, and why I anticipated an eventual, near-complete transition of the industry to high-deductible health plans (HDHP).

Safely ensconced in a comprehensive health care policy (read: old-fashioned one that actually pays for health care services), that all seemed to …

Read More

More reasons to keep on rolling (to an IRA, that is)

rolling down a hill by woodleywonderworksWe have discussed in the past that it is usually better to rollover an old 401(k) plan from a former employer to an IRA – more flexibility in investments, (usually) lower costs, more control, etc., are among the chief reasons to do so. However, in some cases your old 401(k) plan may have access to desirable investments that you couldn’t otherwise access, or possibly you have access to other benefits from participation, such as availability of a financial advisor.  As long as the overall costs remain low in the plan, you might want to leave the funds there.  Plus there… Read More

Watch Out Using Money Market Accounts in Your 401(k)

One of the common mistakes investors make is that when the equities market declines they exit the market and dump their assets into a money market account. This can be a big mistake in 401(k) for two reasons.

Money Markets are currently paying a very meager interest rate. Many times below 2/10 of a percent. Unfortunately most 401(k) plans have expenses that can be over 1 percent. This means that by keeping an allocation in a Money Market account most 401(k) investors actually lose money, guaranteed, every month.

The second reason is that being “out of the market” can be …

Read More

5 Documents You Need Before a Divorce

Just when it was safe to go back in the water….The news of Al and Tipper Gore’s impending divorce after 40 years of marriage has made a lot of old married couples look at each other in a new light.  Unspoken is the question – Could it happen to us?

I, for one, surely hope my spouse and I can continue to travel through this hectic life and arrive at retirement ready to implement all our grand plans together.  After all the ramen dinners,  scraping for that first down payment on a house,  playing rock-paper-scissors to see who changed the …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login