Monthly Archives: April 2011


Why Americans Defend Higher Income Individuals

  I was discussing President Obama's campaign promises (shut down Gitmo, get out of the 2 wars we were in, and lower unemployment lol) the other week with my in-laws and I came up with a theory why Americans, generally, defend higher income individuals.  I am sure the theory is not original or even all that mind-blowing, but when I said it aloud during a conversation it really made a lot of sense.  Americans defend higher income individuals because we believe that we can achieve a high income one day. The stats vary depending on the article you are reading, but if [...]

By |2013-09-26T14:59:48-04:00April 29th, 2011|Random|31 Comments

7 Things Your Financial Advisor Won’t Tell You

A financial advisor is a professional that helps clients assess their financial situation and develop plans to help them reach their future goals. Financial planners will help clients analyze and budget their cash flow, make good investments, assist with retirement planning, plan their estate, get insurance, and minimize their taxes. The problem is that many financial advisors aren’t exactly what they seem to be. There may be a few things that your financial advisor has forgotten to tell you. The 7 Facts Your Financial Advisor may not be telling You: 1. I’m not familiar with your entire financial situation For a financial [...]

By |2018-10-30T12:00:42-04:00April 28th, 2011|Personal Finance|11 Comments

Social Security Gets Rid of the Pay Back Option

Despite my hatred for Social Security it will continue to be an important part of most retirees world and way back in 2009 I discussed a social security planning opportunity that has recently been taken away by the Social Security Administration. I was shocked to discover that before December 2010 you were actually able to “pay back” Social Security to fake a delay in receiving benefits and thus subsequently increasing the monthly payout.  For example if I took an early-penalized pay out at 62 and then decided at 68 I don't need the money, I could pay back all the money I [...]

By |2013-09-26T14:59:50-04:00April 27th, 2011|Qualified/Retirement|13 Comments

How Does a Balance Transfer Work?

A balance transfer credit card can be a tricky proposition, and if you aren't familiar with the process, it can cost you money. It's not complicated to transfer a balance from one credit card to another; a 0% balance transfer can even save you much, but there are issues you should be aware of before you make the decision to change credit cards. You need to do your research in order to make the best choice possible for your particular situation. What works for your best friend or your parents might not work as well for you. The following is a list [...]

By |2015-02-12T21:26:24-04:00April 26th, 2011|credit cards|10 Comments

Understanding Losses In Your Portfolio

I don't think most individuals really understand what happens when their investments take a hit and lose value.  I was reading a great article about using protective puts and covered calls with index funds to provide for hedging and while the article was very interesting (and something I am going to look into and write about this week) there is such a simple concept found within the article that is often lost on investors.  It is the concept that when you lose X% in your portfolio you are going to need X% + Y to get even. Getting Your Investment Portfolio back [...]

By |2013-09-26T14:59:51-04:00April 25th, 2011|Investments|16 Comments