What’s a 403(b)?

What’s a 403(b)?

While many people are more familiar with the term 401(k), 403(b) accounts are very similar and have some unique features.  In fact, the main difference is the IRS code governing for-profit business retirement plans is in Section 401(k) while the Section 403(b)...

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Summer Reflections

Summer Reflections

Without rehashing the difficulties and challenges that have arisen over the past two and a half years, it’s important to use positive actions to deal with today’s challenges.  It’s a matter of what can you do vs. what you should do.    One of the...

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Smart Finances in Stupid Times

Smart Finances in Stupid Times

I’ll turn 58 in September.  December will mark 3 decades for me as a financial advisor.  So I’ve seen a few things.  I’ve had challenging business and life experiences, as well as having successes that far outweigh the occasional setbacks.  And...

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How Inflation Destroys

How Inflation Destroys

In the first three months of 2022, the world experienced two devastating events.  The first is the Russian invasion of Ukraine, a devasting and troubling event beyond the scope of this article.  The second is soaring inflation, which is what I’d like focus...

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Mortgage Payments vs Rent and Your Future

Mortgage Payments vs Rent and Your Future

We are at all-time historic lows for interest rates which simply means borrowing money is less expensive than it’s ever been in US history.  I believed that the 5.50% mortgage rate I got in 2003 on a 15-year note was going to be the lowest rate possible. ...

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Financial Considerations When Changing Your Job

Financial Considerations When Changing Your Job

Recently, it’s been reported that over 4 million Americans have left their employers to either take a new position, retire, take care of someone, or simply leave the workforce. If you are one of these folks, or if you are considering leaving your current employer,...

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That Would Have Been Nice to Know Sooner

That Would Have Been Nice to Know Sooner

I went in for the pre-op meeting for my hip replacement when I was told that my health insurance had denied coverage and I was responsible for the $34,000 procedure. After a call to the insurance company (and having to “upgrade” my policy), the company agreed to cover...

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Why You Need Active Management in 2022

Why You Need Active Management in 2022

As we close this year, we’ve experienced real inflation pricing for the first time in 30 plus years.  Building supplies, food, energy, clothing, and just about anything else you can think of has gone up significantly in price this year.  Part of this is due...

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What Inflation Means to You

What Inflation Means to You

NEWS FLASH! There’s a shortage of chicken wings, so a local restaurant now charges $26 for a dozen wings that were only $9 last year. This is my way to explain to my sons what “inflation” really means in terms they understand. Another reminder for them is when it...

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Try This If You Want Financial Success

Try This If You Want Financial Success

Wouldn't we all like to be able to achieve instantaneous results in life?  Every day, either on the radio or TV, I'm assured that I can lose 30 pounds in 4 weeks if I order the magical fat-burning tonic.  I don't even have to quit the pizza or ice cream!...

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Life-Changing Money

Life-Changing Money

If you have or believe you are going to receive an amount of money that you define as “life-changing,” I’d like to share some thoughts with you.  These are hopefully thoughts that will give you comfort as well as caution when dealing with a new financial...

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