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Opportunity in Fear

Opportunity in Fear

One of Warren Buffet’s most famous quotes is “Be Fearful when others are Greedy. Be Greedy when others are Fearful.” I’d suggest it’s fair to say that fear has ruled the day over the past couple of months. We have seen the fastest decline in history from an all-time...

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No Money Saved for Retirement?  Here’s How to Fix That.

No Money Saved for Retirement?  Here’s How to Fix That.

According to the U.S. Government Accountability Office, 48% of people over age 55 have nothing saved for retirement. That’s a scary high number which makes you wonder how that many people got to 55 without putting any money aside. I’m willing to bet that some of that...

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FREE Facebook Group: Retirement Made Simple

FREE Facebook Group: Retirement Made Simple

In these uncertain times, we have created a community where we can help each other with retirement planning through discussion and education, no matter the financial environment or our own differing situations: the Retirement Made Simple Facebook Group. The group is...

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How to Survive a Stock Market Crash

How to Survive a Stock Market Crash

As a financial advisor since 1993, I’ve gone through the Bond Market crash of 1994, the Tech bubble crash of 2001-2002 and the Financial crisis of 2008-early 2009 all the while holding my clients' hands throughout these crashes.   Here are five things you can do...

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A Mobile Lifestyle

A Mobile Lifestyle

As a society, we have become more mobile and people are moving away from their childhood homes and neighborhoods to seek jobs and adventure. Times have changed and now family and friends are scattered all over the country. Aging parents live 500 miles away or your...

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Syncing your Retirement and Lifestyle Plans

Syncing your Retirement and Lifestyle Plans

What a lot of people, including financial advisors, get wrong is this: all they look at when planning for retirement are current financial numbers. What they miss is what your future lifestyle is going to cost you. That's a big deal. Here's the key question: What is...

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5 Avoidable Mistakes by the Average Investor

5 Avoidable Mistakes by the Average Investor

It’s been said that the average person spends more time each year planning their vacation than they do planning their finances.  When you think about that, it’s truly a sad statement. You work all of your life to save money for retirement, yet most people spend very...

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Financial Advice from Dad

Financial Advice from Dad

When I was a young adult, I made about every financial mistake a person could make. Now I’m 51 years old, I have been a financial advisor for the past 26 years and I have two children of my own who I hope will avoid the same mistakes I made. This article is for them...

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How do You Know When You Can Retire?

How do You Know When You Can Retire?

Society’s standard on retirement is at the age of 65 when you can start Medicare. There are many in the media and entertainment industry that will tell that you need to have a minimum of $1 million dollars saved. Those two thoughts would work for almost anyone of...

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What Does the new “Secure Act” Mean for Your Retirement?

What Does the new “Secure Act” Mean for Your Retirement?

The Secure Act, which stands for Setting Every Community Up For Retirement Enhancement, was signed into law several weeks ago. As with anything that the government does, it’s fair to ask “Is this really going to be a benefit or not.” Here’s what you need to know about...

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What IS a Fiduciary?

What IS a Fiduciary?

A Fiduciary is an advisor who is not only ethically required to do what is best for you, but legally required to put your interests before their own. Now you would think that every financial advisor would be a fiduciary, but that is not true. A large number of...

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Backdoor Roth IRA:  What you need to know about it

Backdoor Roth IRA: What you need to know about it

As many of you know the Roth IRA is my favorite retirement account because of the tax-free growth and withdrawals it offers. In 2020, the adjusted gross income (AGI) phase out for contributing to a Roth IRA is $196,000 to $206,000 for married couples filing jointly....

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4 Lifestyles that you can live on under $2500 a month

4 Lifestyles that you can live on under $2500 a month

Throughout my many years as a financial advisor, I’ve seen some lifestyles with outrageous monthly costs. There have been business owners that are barely breaking even. I’ve seen retirees with large amounts of debt and mortgage payments. These folks lived month to...

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Affiliate Marketing: A Way to Fund Your Retirement

Affiliate Marketing: A Way to Fund Your Retirement

You've heard me mention that a vital part of your DIAL is "Income". Depending on your situation you may need supplementary income, or a more robust stream. In our day and age, unorthodox ways to earn income are no longer unorthodox. Affiliate Marketing is an excellent...

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A Simple Life

A Simple Life

To live and thrive as humans, we require certain basic necessities such as food, water, shelter, sleep and companionship. Whether right now or at the beginning of human history, these five items can provide for a happy and healthy life. At some point in time though,...

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Financial Questions?  I’ve got the agenda-free answers

Financial Questions? I’ve got the agenda-free answers

Sometimes you need a second set of eyes on your portfolio to see if you’re heading in the right direction. Other times you might need an independent second opinion to verify and give you confidence that you’re on the right track. I can help you with both. Often times...

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6 Ways to make Money with Airbnb

6 Ways to make Money with Airbnb

Airbnb has grown tremendously over the years in popularity, although it’s not a risk-free endeavor. Many cities are starting to regulate the use of Airbnb’s with restrictions on how and where an Airbnb is legal. Taking a deeper dive, some homeowner associations are...

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The FIRE Movement: Don’t Forget to Enjoy the Journey

The FIRE Movement: Don’t Forget to Enjoy the Journey

FIRE stands for Financial Independence Retire Early and if you are researching retiring early you’ve certainly stumbled across the FIRE movement.  FIRE first came into light in the book “Your money or your Life” written by Vicki Robin and Joe Dominguez back in 1992. ...

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5 Reasons You Don’t Need a Million Dollars to Retire

5 Reasons You Don’t Need a Million Dollars to Retire

Over the years we’ve all heard that you’ll need at least $1 million dollars when you retire. If you listen to Suze Orman, she’ll tell you that you’ll need $5 million if you plan on retiring early. Depending on the lifestyle you want to live most of us will get by just...

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8 Tips when searching for a Financial Advisor

8 Tips when searching for a Financial Advisor

Hiring a financial advisor can be a stressful process because it’s hard to know where to start.  Do a quick google search and it’s likely that you’ll have hundreds of advisors in your general area to choose from. Here are 8 tips to keep in mind when searching for a...

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Overcoming Fear

Overcoming Fear

We all have fears. Some are as basic as a fear of spiders, snakes... or a big favorite: public speaking. Then some are much more complex such as the fear of making a life change. There is a sense of comfort that comes along with consistency and routine. For some,...

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The Most Important Part of Your DIAL

The Most Important Part of Your DIAL

Before writing the book, Retire Early What are you waiting for? I created a process I call DIAL into Retirement and it’s the same process I used in order to retire at age 48. My goal with the DIAL was to simplify the retirement process and make it easy for everyone to...

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How much Money is Enough for Retirement?

How much Money is Enough for Retirement?

How much money is enough for you to retire? Is it $250,000, $500,000, $1,000,000, $2,000,000 or perhaps more? How much money will you need to retire early? If you listen to the personal finance entertainers on TV, you might need as much as $6,000,000 to retire early....

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Term vs. Whole Life Insurance: Which is right for You?

Term vs. Whole Life Insurance: Which is right for You?

This has been an active debate in the personal finance space for many years. Ask most people and they will answer “Term Insurance is the way to go because you can buy term and invest the rest.” Ask an insurance salesperson and you’ll get “Buy whole life because it...

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How to Retire on $250,000

How to Retire on $250,000

Last year one of my most popular blog series was a “How to Retire On..." $100,000, $50,000, $25,000 and $10,000. This was an exercise of imagination and logistics based on how I would retire if I had a minimal dollar to work with. I included ideas on how I would...

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5 Ways to make your Portfolio Less Risky

5 Ways to make your Portfolio Less Risky

The media is reporting on the inverted yield curves, repo market madness with the banks, student loan debt defaults and plenty of other areas of financial doom and gloom. With all the spooky talk of a recession let’s look at 5 ways you can lessen the risk in your...

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What’s Your Relationship with Your Money?

What’s Your Relationship with Your Money?

During my 24-year career as a financial advisor, I saw just about everything you could see in the financial world. One area that intrigued me was the relationship people had with their money. Some folks guarded their money like it was their last dime whereas a lot of...

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Living Life in a Non-Traditional Way

Living Life in a Non-Traditional Way

Living a non-traditional life can lead to a lifetime of adventure. Not only will you be able live as you wish but often it will lead to keeping more money in your bank account. The dream of a traditional home with a white picket fence is not as desired as it used to...

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5 Conflicts of Interest in the Investment World

5 Conflicts of Interest in the Investment World

I was a full-service financial advisor for 24 years. It was the only career I ever had. Besides shoveling horse manure back on the farm I grew up on, it was really the only thing I knew how to do well. Often in my career, the manure I was dealing with in the financial...

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5 Huge Benefits to being Debt Free

5 Huge Benefits to being Debt Free

It can feel like you’re dragging a big anchor around when you have a large amount of debt. Debt comes with stress and that can weigh on you mentally and get to the point where it even starts to affect you physically. Here are the 5 huge benefits to being Debt Free:...

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Recently Published by International Living Magazine

Recently Published by International Living Magazine

One of the weekly blogs was about writing for additional income in retirement– and in that I referenced a piece I had done for International Living as an example that I would be sharing when it was available. Here it is! This is the article I wrote for International...

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The True Definition of Retirement

The True Definition of Retirement

Webster’s dictionary defines retirement as “withdrawal from one's position or occupation or from active working life.” Society further defines the standard for retirement to happen at the age of 65.  If you fall into line with society standards, then you can’t blame...

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4 countries near the U.S. where you can live on a budget

4 countries near the U.S. where you can live on a budget

Did you know there are countries not too far from the U.S. where you can live really cheap? A large percentage of folks will never look at other options or even do the research to see what’s available to them, but it's true. Maybe this blog will start to get the...

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The lessons I learned growing up in a Funeral Home

The lessons I learned growing up in a Funeral Home

I have seen life enter this world with the birth of my children and I’ve seen that life can exit this world without warning. The time in between birth and death is not assured. As a kid, I spent a good bit of time at the funeral home my family ran for over 100 years,...

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Does Corporate Loyalty Still Exist?

Does Corporate Loyalty Still Exist?

The short answer is: Rarely. Pretty much gone are the days that you work for one company for 40 years and retire with a gold watch and a pension. Employees had opportunities to advance and move departments so as not to get stagnant in one job. Training and education...

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Do You Have Enough to Retire Early?

Do You Have Enough to Retire Early?

Do you have enough to Retire Early? There are two ways to look at this question. 1) You’ll continue to work until you have enough money to live like you do now. or 2) You will shape your lifestyle to the money you have. So let’s unpack these answers. Some folks will...

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Is Buying Gold a bunch of BS?

Is Buying Gold a bunch of BS?

You see the fear mongering ads online and on TV “A stock market collapse is coming. It’s time to buy gold now.” Are these messages just a bunch of BS or is there something here you should pay attention to? Now, I have no idea when the next stock market downturn is...

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My Pet Peeves of the Investment Industry

My Pet Peeves of the Investment Industry

For over 24 years I worked in the financial services industry as a financial advisor. I started with a very large brokerage firm, then with a large bank and finally I ran my own practice. Back in 2017 I was feeling burned out and was losing passion for what I was...

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GoodRx: Discount Prescription Service

GoodRx: Discount Prescription Service

Hands down the number one question I get about how to retire early is regarding managing the costs of health care and prescriptions. GoodRx is a discount prescription service that could save you hundreds of dollars on your next refill. The service uses coupons and...

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The Two Stages of Investing for Retirement

The Two Stages of Investing for Retirement

There are two stages of investing when setting yourself up to retire at any age. The first is called the accumulation stage. This begins the first time you invest $1 in the stock market. You might be 22 years old and starting your first job which offers you the...

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Emergency Fund – Your Most Important Account

Emergency Fund – Your Most Important Account

Murphy’s law states “whatever can go wrong, will go wrong.”  I normally just fall back on the phrase “shit happens”.  Whether you live in a home or apartment or you are roaming around in your RV or boat, things are going to break and need maintaining.  We’re going to...

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4% Withdrawal Rule

4% Withdrawal Rule

For many years, the rule of thumb on how much income you could withdraw out of your portfolio and still maintain or grow your money has been 4%.  This started many years ago when financial advisor, William Bengen, came up with what is now known as the 4% withdrawal...

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Annuities: The Good, The Bad, and the Ugly

Annuities: The Good, The Bad, and the Ugly

What is an annuity?  An annuity is a contract with an insurance company. When you mention the word annuity, you’ll get all sorts of reactions. Many of those reactions will be negative and some will be positive. The positive reactions will generally be from folks that...

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When Should You Start Social Security?

When Should You Start Social Security?

When should you start social security? The short answer is:  When you need it. Now the long answer is going to sound complicated. It can be but if you have a plan for what you have, need, and want, determining the timing for turning on your social security doesn’t...

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Are You a Spender or a Saver?

Are You a Spender or a Saver?

You’re either one or the other. Throughout my 24 years as a financial advisor, I met with over 8000 couples and individuals. Although I never conducted a scientific survey, I did see a pattern. Roughly 60% of the couples were balanced with one spouse being the spender...

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