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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Writings
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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Ep. 4 | The Secret to Paying for Large Expenses Tax Efficiently
Have you ever needed to take a large withdrawal from your retirement account over and above your monthly income needs? Maybe you need a new car or have wanted to purchase a boat for your lake house. How do you go about making these withdrawals without getting killed in taxes and jeopardizing the rest of…
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Focus More on Compounding for Retirement Planning
Here’s what construction jobs and compounding have in common with retirement planning. This summer, we moved into a new home. It was a new development project. The developers are still building out some additional townhomes a few blocks east of where we live. Each night we take a stroll around with the kids in tow…
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