News from Mike

Retirement Mistake #3

We had fun in the last segment talking about football, and we came up with some new laws. Now, we’re bringing it back to financial talk. Taxes are on the agenda, and that’s always been my favorite topic. Taxes are important because they affect everyone. When you think about 401K plans, sometimes they can come…

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Flate Rate Taxes

In this segment, we’re not necessarily talking about financial things. We’re going to have some fun. This is where I get to be king for a day. Each week when I’m king for a day, I make one financial rule just for fun. This week, I’m going to do one financial rule and one fun…

Another Big Retirement Mistake

I had a great conversation yesterday with one of our clients about his retirement planning. He’s 38 or 39 and was maxing out his 401K plan. He was putting in roughly $20,000. His company matches about $8,000, but there’s about $12,000 that wasn’t getting a match. I asked him why he wanted to put money…

Protect Your Retirement Income

 In this Segment, Michael Reese introduces a special guest, Ms. Elizabeth James, who has been an advisor at the firm for 19 years.   Mike: Today we are going to focus on some of the biggest mistakes that we’ve seen over the years. I’ve been doing this for 25+ years, and Elizabeth has been doing…

When Should You Take Social Security?

Social Security can be confusing, and many people have questions about it. Here are five reasons people have given us for taking their Social Security early. I’ll tell you if it’s legitimate or if you should think twice:   I’m retiring at 63. I want to take Social Security early as an additional source of…

Budget Better than a 3 Year Old

I recently discovered that the government intends to hire 87,000 more IRS employees.   There are about 700 billionaires in the United States. Since 87,000 is clearly larger than 700, I think we can safely assume that those 87,000 IRS employees will pester the rich. In high school and middle school, we studied the American…

The Power of Zero

Today we’re going to talk about a topic that I call the power of zero. If you’ve ever talked to an investment advisor, you’ve probably heard them tell you that they’re going to help you get a higher return with less risk. The focus is on getting a higher return, and that’s the end of…

American’s Retirement Crisis

“America’s $7 Trillion Retirement Crisis is Only Getting Worse.”   This is the ominous-sounding headline from a recent Bloomberg article. The sub-headline continues, “Economic turmoil took a toll on savings in the first half of 2022 and that’s just the tip of the iceberg as many in the US lack employer sponsored plans.” As more…

How Fear Can Hurt Your Retirement

If your retirement plan consists of a 401k and an investment plan, you are most likely unprepared for retirement.

Here are 3 reasons why you need a new advisor in 2022.

Learn From My Retirement Failure

If you are nearing retirement, it’s important that you learn how to properly structure your investment portfolio. Retiring has different priorities besides just growing your money.

Check out this week’s episode of Ask an Advisor, where Mike explains What Should Your Portfolio Look Like?

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