Retirement

‘Whatever you do, don’t try to sell us an annuity.’ When 60-something couples visit a financial adviser’s office for help with retirement planning, these are often the first words they say after sitting down. Most of what they’ve read about annuities has been eye-glazing or frightening. But don’t write off annuities yet. Owning annuities can
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WASHINGTON, DC, 2019/07/31: Seema Verma, Administrator, Centers for Medicare & Medicaid Services, U.S. Department of Health and Human Services speaks during the Heritage Foundation’s event. (photo by Michael Brochstein/SOPA Images/LightRocket via SOPA Images/LightRocket via Getty Images President Trump’s Medicare chief, Seema Verma, may have signaled the beginning of the end of Medicare’s three-day rule—the requirement
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Real estate investment trusts (REITs) are great potential fits for any modern retirement portfolio. With interest rates ticking down from 2% to 1% and, perhaps, eventually 0%, these generous dividend payers are benefitting big time. REIT stocks tend to yield twice as much as regular ol’ stocks. They collect rent and pay it directly to
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Congratulations, you have finally signed your estate planning documents. Now, where do you keep them?   Many lawyers (myself included) will hold your original documents in their firm’s will vault. Years ago, that consisted of an actual vault or bank safe that was locked and fire proof. Nowadays, many law firms use fireproof, locked file cabinets.
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In my previous article, I outlined the “Foundation Questions” for Social Security. Let’s go a bit deeper into one of those questions: Should you consider filing a “restricted application” for spousal benefits? Getty At your full retirement age, the Social Security restricted application provides the opportunity to claim spousal benefits only and defer your own
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So far this year, tiny Shake Shack is beating mighty McDonald’s on Wall Street. The fast food company’s shares have gained 87.67% YTD, while McDonald’s shares have gained 22.11%. Both companies are beating the market average—see table. Company/Index Current Price Price Gain YTD Qtrly Revenue Growth Profit Margin Shake Shack $85.24 87.67% 31.30% 2.96% McDonald’s 216.13 22.11*
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There will be more 1,000 point down days. Getty When the stock market is tanking, you don’t have time to do any stock research. That’s why one scenario I discuss with all my managers is what they would do if the Dow dropped 1,000 points in one day. On Monday, our preparation paid off. We made some
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Banknotes of Zimbabwe after hyperinflation Getty It’s easy-peasy, really. There’s a way to reduce the Illinois and Chicago pension liabilities by half, with no constitutional amendment required, no hard political truth-telling or compromises, no cuts at all. And considering that Chicago’s pensions are 23% funded, and Illinois’, 40%, this is not a minute too soon.
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Don Smith was kind enough to have Clayton on his show to talk about the coming social security retirement crisis, paying down your mortgage in 5 years, financial independence and how tax cuts aren’t just for the wealthy. Download our FREE Freedom Cheat Sheet here ➜ https://morrisinvest.com/freedom-youtube You can support my content & get exclusive
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By Michael Lubell, Next Avenue Contributor Stephanie Bass and other comedians at a recent standup event. Michael Lubell Why would a 70-year-old divorced woman with a house in a beautiful beach area close to her daughter and year-old grandson start a new life as a comedian? It’s just doing what comes naturally for Stephanie Bass. “Grandmothers
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We buy real estate investment trusts (REITs) for their yields first and foremost. Show us the money! Dividend growth is good, too. A 4% yield looks twice as nice if we believe our income will double in just a few years. After all, a 4% payer that boosts its dividend by 10% won’t yield 4.4%
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What is “autopilot spending”?  According to a new report by the Urban Institute, “Fiscal Democracy in the States: How Much Spending on Autopilot?“, this is spending that “is determined before governors propose or lawmakers negotiate a budget.”  And according to their analysis, based on a high- and low-end estimate (that is, varying definitions of what
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Will interest rates really get the chop everyone thinks they will as 2019 rolls into the home stretch? The smart money certainly thinks it knows. Beyond tomorrow’s rate cut (which the pros see as all but in the can), futures traders predict two more chops—in September and December. But here’s something no one will tell
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Starbucks President and Chief Executive Officer Kevin Johnson. Getty Starbucks (SBUX) turned in a solid Q3 report sending the stock up almost 9% on Friday. Wayne Himelsein, one of my best managers, bought and recommended Starbucks to us on March 9th at $69 and June 30th at $84. He is buying more at $99 and says
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