Recent content by ReadySkiDaddy

SPIA's and other longevity annuities? You get higher income now, but it comes at a price: Very low return on investment and less income very late in life (if you live that long). Heirs will almost certainly get shafted to one degree or another too.

I am amazed at people who agree to shave 1% off their investments per year to have some "adviser" hold their hand and rebalance, because that's essentially all that an adviser does. If you do have personal finance questions then hire a fiduciary adviser for a ONE time consultation -- not to...

These guaranteed income rates are a total lie. Essentially they are only talking about interest rate -- not return on investment. This vid seems to explain it pretty well...

Ripped off by a paid adviser? Sounds like whoever you went to broke the law. When you PAY someone for advise they should have a fiduciary duty to you. Fiduciaries are the good guys. Brokers are the bad guys who don't legally work for you and WILL sell you expensive crap. I hope by "broker" you...

85% of investment professionals in the US are not fiduciaries. Three out of four U.S. investors mistakenly think that financial advisers at brokerage firms are required to put clients’ interests first. The WORST are the small independent commission-based "advisers". They will sell you...

Have you entered your numbers in Vanguard's calculator to see if your super low risk allocation is sustainable? Be sure to enter other hypothetical allocations until you find the sweet spot. http://www.vanguard.com/nesteggcalculator

MoneyNews: The same site that brought us "Billionaires dumping stocks: Economists know why", an article that has been calling for a 90% stock market crash since 2012 so that they can sell books and crap. The way to get people's attention is to scare them. Aside from that, are financial...

In England the fiduciary standard is the law. Of course non-fiduciaries are going to cry bloody murder. It will slash their paychecks because they won't be able to sell the expensive crap that they always push on clients. There's a reason why people want to be brokers (rather than fiduciaries)...

Never ever go to a non-fiduciary for money advice. They don't legally work for you. They're nothing more than salesmen pushing the products that make themselves the most commission money (at YOUR expense). Annuities are complex smoke and mirrors. They are usually sold with deceptive talking...

I get email alerts for just about every type of email alert that my bank offers. Gas station purchase, purchase over $10, card not present,etc. I also have a credit card spending limit of $500.

Don't abandon bonds. Don’t let rate fears scare you out of bonds Why Bond-Bubble Fears Are Overblown | Financial Planning

Turbo Tax for about 6 years now! Even if you hire an accountant I recommend at least experimenting with Turbo Tax. You can enter hypothetical gains, losses, property tax deductions and see real time how it affects your taxes in a dollar amount. Do your own taxes in Turbo Tax and see if it...

The person who invests in a bond heavy portfolio will also get consistent income. Look no further than the last 14 years. There was never cause for concern. In fact you could have been taking out about 5 1/2 percent -- not 4%. When stocks fall, money runs to the safety of bonds. That's why you...

Annuities are a place where you put your money. It really doesn't matter how you want to classify them. "Annuities should not be compared to bonds and stocks" is what insurance salesmen say to eliminate the competition. How convenient! When you put your money somewhere you want LIQUIDITY, lower...

They offer high INTEREST payments but their PRINCIPAL gets eroded. Their return on investment winds up being low. Really it's a case of "chasing yield". Investors are focused on the annual payment rate but don't realize that they need to keep their eye on the BALL (their principal). Immediate...