It’s tax time! And this is the number one question I’ve been getting from people who redeposited their RMD from 2020. The CAREs Act suspended 2020 RMDs and people were allowed to put the money back in. Yet, people are getting 1099-Rs that’s saying they owe taxes! Is this true? And how do we handle…
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Writings
On Market Bubbles – Their Game is Up, Yours Is Still Being Played
In the last week of January, a small company stock shot up 500%. The retail store, GameStop, which sells video games and consoles, was caught up in a collective frenzy from an online community that led to billion dollar hedge funds needing emergency capital and Congressional hearings and probes. It’s definitely been no small thing,…
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Should I Delay Taking Social Security Even If It Means Withdrawing From My IRA?
If you’re evaluating when you take Social Security you might be asking yourself this: By waiting to take Social Security, I’ll get a larger benefit. But while I’m waiting, I’ll have to withdraw more from my retirement savings, which means I’ll miss out on the investment gains those larger withdrawals would have earned. Am I…
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Ep. 5 | How Much Is Your Advisor Costing You?
Did you know you could lose over 20% of your earnings to fees? The way you pay your advisor matters! Not only in just the dollar amounts, but in how the fees are structured and how that affects investors over time. On this episode, we take a peek behind the curtain of the financial advising…
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A Conversation With Charlie Munger
I had the opportunity to listen to vice chairman of Berkshire Hathaway Charlie Munger speak via webinar back in December. The conversation was put on by Caltech and the good news is that the whole conversation is available for replay here. There’s never a bad time to hear thoughts, wit, and wisdom from Charlie Munger. As…
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4Q 2020 Market Overview (& Coronavirus Diary)
Where do I begin other than saying welcome to 2021! For all the craziness that was 2020, the markets as a whole posted some incredible numbers considering the circumstances. U.S. stocks had a solid last quarter pushing the annual return over double digits for the year. At year end, the annual return for the S&P…
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