Retirement

I recently had someone tell me that they couldn’t make as much money in their IRA or 401K as they could if they just left their investment dollars in a regular taxable account. Huh? Typical investment places include bank accounts, stocks, bonds, mutual funds, ETF’s. Money saved and invested in these places can be your taxable funds, as well as IRA’s and
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Win the lottery! Win a new life! The allure of gaining a new life by simply plunking a dollar on the table is mind boggling.  Just one dollar for a lottery ticket. Anyone can afford that. Why wouldn’t you? I met Benny 3 years ago.  He was one of the lucky ones. Benny won a million
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Did you listen to me? Did you start your 401K? Excellent! Now leave it alone!  No, I don’t mean the occasional rebalancing.  I mean the whole thing!  Leave it alone! Nearly every year that I have prepared taxes, someone comes in with a decimated 401K. No, I’m not talking about a 401K that is riding the
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For much of the 1900’s, pensions, social security and personal savings provided the retirement income for most working Americans.  This worked reasonably well for a time. But there were limitations. Since the 1970’s there has been concern that Social Security would run out of money.  In an effort to keep Social Security viable, there have
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