Do you know many people lose thousands, tens of thousands even hundreds of thousands in lost benefits by taking their benefit incorrectly? You have the choice to start collecting Social Security anytime between the ages of 62 and 70? The burning question is one age better than the others? In short, the answer depends on […]
No investment is without risk, and at the foundation of any good strategy you’ll find the mitigation of risk. The traditional way to mitigate risk in an investment portfolio is with the theory of asset allocation and diversification. For example, a Mutual Fund account for a typical investor might have several different funds. His capital […]
After graduating from college, Grant Cardone was broke and swimming in $40,000 of student debt, he writes in his new book, “Be Obsessed Or Be Average.” Yet by the time he reached 30, he’d made his first million. Since then, the 58-year-old has built five companies and a multi-million dollar fortune. In a recent interview […]
The Government Accountability Office has discovered in an overwhelming number of cases the Social Security Administration (SSA) is give out bad advice. In other words, when you go to your Social Security office it is highly probable that you will receive incorrect or misleading information. What the study also found was that the SSA failed […]
The European banks are in much worse shape than their US competition. Deutsche Bank seems to be in the worst shape and has been in the news a lot lately. The reason being argued in Europe is that the US government imposed a ban on speculation after the financial crisis. That is true, how much affect […]
The US government says it ran a $US587 billion budget deficit for the fiscal year, which was a 34% increase over last year. Yes, with the aide of accounting gimmicks we have not had a rise in the deficit for a few years but a 34% jump in one year? Ouch. Government spending increased by almost […]
There is a lot of talk and much advice from financial advisors and “certified” planners to put your money in tax deferred accounts. The prediction behind this advice is that you will be in a lower tax bracket when you retire and access the money. But here is the reality: that is not what usually happens. In […]
Why do Banks own life insurance or commonly referred to by the acronym BOLI (bank owned life insurance)? According to banking rules, banks must keep a certain amount of tier one capital to protect them against failing. Tier one capital is the best form of bank capital – the money that the bank has in its […]
Imagine you hear a politician proposing an immediate 50% tax on the income from your 401k? The proposal stipulated that tax has to be paid now, regardless of where you are in the retirement process. What would be your response? Once you got past the disbelief and possible anger would you look for ways to avoid […]
There are many analysts who believe the next world-wide economic disaster will begin in China. Even the BIS is also rightly concerned about spillover from China to the global economy. China is the second largest economy on the planet with a Gross Domestic Product (GDP) of $10 trillion. That compares to the United States’ GDP […]
