Posts Tagged With ‘ Greg Aler ’

“Making investment decisions is simple!” said no one ever. But what if there was a way to see such decisions with unbiased clarity? Behold, The Overnight Test.   In a recent blog post, Carl Richards, the creator of The New York Times’ Sketch Guy column, asked readers to ponder: “What would you do if you purchased stock recommended by a family member years ago and it had only lost money since?”  Despite building a sensible financial plan within the last few years, including a portfolio of low-cost diversified investments, you continued to hold the loser stock. But one night, by some... Continue Reading

Downsizing is one of those ubiquitous practices that goes hand-in-hand with retirement, as if moving into your Golden Years is marked by a literal move into a new home. But if you’re still carrying a mortgage and intend to finance the purchase of your new smaller home, is it a good idea? Let’s take a closer look. What’s the Rationale? There’s a number of good reasons to downsize, including: Trading in acreage or a multi-story property for a smaller, single-level set-up more conducive to aging-in-place; Moving into a home worth less than the one you own now so you can bank the profits to... Continue Reading

How much should you watch or act on information and predictions that you see on financial TV? Mom always told us, “consider the source.” How much should you believe on financial TV? Social Security has moved up the date when they will cut back benefits. Will it affect you? 70% of people will need some kind of long-term care. Are you prepared? How tax planning in retirement is more complex than in your working years. If you have a pension, should you trust that it will be there for the next 30 years? At what point should you see a retirement planner? Is it an age, a level of wealth or something... Continue Reading

Every once in a while, you hear someone say something so succinct and spot-on, you’re darn near convinced you should frame it and hang it on the wall. This one comes courtesy of Morgan Housel, the author of The Psychology of Money and former columnist for The Motley Fool and The Wall Street Journal. In an interview with The Prof G Pod podcast, this is how Morgan summed up the ideal retirement goal for anyone over the age of 40: “The objective is not to get rich; it’s to not get poor.” Talk about a mic drop moment. That one little gem of advice sums up everything you need to know about a... Continue Reading

In this episode: What is different from the big box firms and Golden Reserve with investment planning? Article: Stop saving! Social Security will be enough. Are people who have success in retirement just lucky? Our checklist of what you want your money to do in retirement. How is tax planning different when you stop working?  Continue Reading

The new law raises the Required Minimum Distribution (RMD) age in two steps. The RMD age increases to 73 beginning in 2023. In 2033, the RMD age will further increase to 75. Folks born between 1951 and 1959 will need to start their RMDs after age 73. We’re told this is a good thing. But is it? Greg explains who wins in this scenario and how there may not be a pot of gold at the end of the retirement rainbow, but rather, an oversized tax bill. Click play below. Full Episode: How Golden Reserve is helping you fight back against a financial system built more for them than for you. Our politicians... Continue Reading

In this adaptation from Golden Reserve Founder Greg Aler’s new book, Fire Your Financial Advisor, we take a closer look at how the retail financial advisor became engrained in the fabric of retirement planning. Do you have any regrets from your younger years? Ted Benna, “the father of the 401(k),” has one. “I helped open the door for Wall Street to make even more money than they were already making,” Benna said about the creation of the 401(k) in a 2017 Wall Street Journal interview. “That is one thing I do regret.” Technically, the Revenue Act of 1978 was the catalyst for the first... Continue Reading

Podcast: It seems like the Government has your back if your bank fails. Who has your back if you make a mistake in retirement? Full radio show from March 26, 2023: Marriage, divorce, and moving. Make sure your legal papers are in order. Why did well know financial author Robert Kiyosaki say, “May God have mercy on us all?” Is a retirement calculator a good tool or a waste of time?  Continue Reading

Golden Reserve Founder Greg Aler pulls back the curtain on how the trillion-dollar financial services industry is failing retirees in his new book Fire Your Financial Advisor. Read on for an adaptation from the book’s introduction. It’s easy to forget that retirement as we know it today is a fairly recent concept. In fact, just over 80 years ago, nearly half of men over age 65 continued to work until the day they died. Thank goodness we now have a better plan. Or do we? Retirement is a small blip in the broader context of human history, the idea of wealth accumulation even more so. It wasn’t... Continue Reading

Even if you love rollercoasters, chances are the rip-roaring stock market isn’t your kind of thrill. Yet time and again, as the market suddenly plunges to gut-turning lows, retirees are advised to stay on the ride; wide-eyed, white knuckled, and praying there won’t be another dip as big as the last. Why? Like so many other reluctant market rollercoaster riders, it’s probably what your financial advisor told you to do. “Ride it out,” they say. “Stay in the market.” “The money will come back.” Will it, though? Meet Bob Let’s talk about Bob. He retired in 1999 at age 65 with around... Continue Reading