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Posts Tagged With ‘ Greg Aler ’

 
Phil Huff talks investments. Will Social Security be enough? Myth: All annuities are bad. If you write a check to the IRS, did you do something wrong? [Radio Show]
April 11th, 2023

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

April 11th, 2023
New RMD age increases to 73 in 2023. Is it actually a win for retirees? [Radio Show]
April 4th, 2023

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

April 4th, 2023
When Pensions Went Away, the Retail Financial Advisors Came Out to Play
April 3rd, 2023

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

April 3rd, 2023
Will the Banking Crisis Affect Your Retirement Money? [Podcast]
March 29th, 2023

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

March 29th, 2023
Why the U.S. is So Bad at Retirement
March 15th, 2023

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

March 15th, 2023
Why You Shouldn’t Sit Tight on the Market Rollercoaster
March 8th, 2023

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

March 8th, 2023
As the Mutual Fund Industry Grows, So Too Do the Problems for Retirees 
February 21st, 2023

You don’t often hear the word trillion thrown around, unless we’re talking about the U.S. debt or GDP. But there’s another number that consistently lands in the 12-zero club: the total net assets of the US mutual fund industry. At nearly $27 trillion in 2021, it’s a whole lot of money; and its rapid growth is causing a whole lot of problems for retirees.  What’s the Big Deal?  Let’s put this into perspective. Retirement as we know it today is a relatively recent development in human history. Though the first modern mutual fund launched in the US in 1924, mutual funds didn’t become... Continue Reading

February 21st, 2023
The Myth of the “Certified Financial Planner” Gold Standard 
February 7th, 2023

Let’s talk about the alphabet soup that is the financial services industry. Between the CFPs, the CFAs, and MBAs, there’s a whole lot of WTH (heck). Adding some letters to the end of a name on a business card sure sounds important, but should it be important to you when selecting a retirement planner?   The Dirty Secret Behind Those 3 Letters  The financial services industry has dozens of designations and you might be surprised to learn that not all are what they seem. Part of that myth has been perpetuated by the marketing machine of the Certified Financial Planner (CFP) Board of Standards... Continue Reading

February 7th, 2023
Why Do People Hate Annuities? 
January 30th, 2023

Poll your friends and family about annuities and you’re bound to get a lot of adverse reactions. They’ll likely cite at least one of these three things :  They’re expensive and have big fees.  They don’t give you access to your money.  There’s no growth.  While these statements are true of some annuities, they’re not true of all annuities. By painting with such broad strokes, you may be removing yourself from a great investment that provides safe growth in retirement. Here’s why.  Misconception #1: Annuities are expensive and have big fees.  Variable Annuities: TRUE Fixed... Continue Reading

January 30th, 2023
Meet the Newest GR Partner, Drew Paul 
January 24th, 2023

When you work hard for your retirement, you deserve to have someone at the helm of your planning who will work just as hard to safeguard the fruits of your labor. That’s why we’re excited to announce the addition of a new Partner to our team who shares in our passion to make a difference for our clients and a difference in the retirement planning industry. Meet D. Andrew Paul Jr, Golden Reserve’s newest Partner.  Drew will oversee our offices in Akron, Canton and Mansfield, deepening and growing our relationships with clients and prospects in these communities. Drew is a financial industry... Continue Reading

January 24th, 2023