Funding Social Security Without Payroll Taxes

Last week I pointed out the strong improbability of Social Security failing despite President Trump’s promise to support eliminating the payroll taxes that fund it. Accomplishing this would require not only his reelection, but also Republicans retaining control...

Immediate Annuities May Fit Into Retirement Plan

Watch this video on YouTube Recently, a life insurance agent wrote me about my railings against the SECURE Act now allowing annuities in 401(k) plans. He politely—and accurately—noted my “unfavorable opinion towards annuities (and by extension insurance sales...

SECURE Act Details and Your Retirement Planning

Watch this video on YouTube After my recent column on the SECURE Act, a client asked, “What are you going to do about this? It makes the planning we’ve done useless.” The good news is that, while the Act will mean some retooling of estate and retirement...

Where Will Your Retirement Money Come From?

Watch this video on YouTube When you retire, where will your money come from? The list is fairly short: Social Security, a pension, working, your assets, children, or public assistance. According to an April 22, 2019 Bloomberg article by Suzanne Woolley, entitled...

Plan B For Aging a Lifesaver for You and Family

Watch this video on YouTube Your family day at the lake is interrupted by a thunderstorm. You’ve planned the perfect outdoor June wedding, but unseasonable cold will have the bridesmaids turning blue. You and your spouse have to cancel a romantic weekend getaway...