Personal Finance

Say No! to the Annuity Salesperson

Indexed Annuities are a Bad Deal I found a website the other day that promises to teach you about indexed annuities in seven free lessons on “strategies the rich use to buy indexed annuities.”  (Notice they don’t say “benefit”.)  The lessons cover the basics of fixed indexed annuities, so-called safety nets, strategies and concepts, planning tools, and a demo on how to choose the right mix of annuities. The lessons aren’t openly available – you have to register with your name, phone number, email, age, […]
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Don’t Let Short Sightedness Hurt Your Portfolio

Investors focus on short term market performance despite saying they are long term investors While downturns seem terrible, in the long term, it is just a blip Avoid the emotional decision to make changes in correcting markets, focus instead on your financial goals December of 2018 brought extreme market volatility to any portfolio holding equities. This volatility brings many interesting conversations. Many start with, “if I had known this was happening, I would have sold and bought back later” or “I read this was coming. […]
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Equifax Breach – What you need to do

How to protect yourself after a breach. As you may already know, personal information for over 143 million Americans was exposed with the recent Equifax data breach. We have listed out the next steps you should take to protect your identity. First step: Visit www.equifaxsecurity2017.com to determine if your information has been compromised. Click on the Potential Impact button. Enter your last name and the last 6 digits of your social security number. It will then tell you whether your information was impacted in the breach or not. […]
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Get Inspired by These 3 Effective TED Talks

The most esteemed TED Talks are the ones that surprise and delight while delivering keen insight. Some of the best and brightest minds can radically change the way we think about and understand our world through personal confessions or by connecting seemingly disparate thoughts. This is especially true for the following 3 business-related TED talks that we found. The Science of Body Language Social psychologist Amy Cuddy delivered a 2012 talk entitled “Your Body Language Shapes Who You Are,” which has now received more than […]
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3 Business Books Worth Reading

What do some of the most successful people throughout history have in common? They never stop learning. By discovering how some of the business world’s most accomplished individuals achieved greatness, you’re sure to find valuable lessons, perspective and inspiration. For the Entrepreneur Entrepreneurs are a breed of their own, and perhaps the boldest and most enterprising entrepreneur today is Elon Musk. Musk’s singular vision of a more accessible and ecological era of exploration has driven him to blaze an impressive trail that’s captivated both the […]
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Social Security Planning Update – A Loophole is Closed

During the financial planning process here at Wiser, we use planning software to determine the best strategy to take Social Security benefits. Social Security can be applied for and received in many different ways. A lot of clients assume that they should take it as soon as possible, but for many this option could hurt them in the long run. Assuming you did planning, a common way to take Social Security for a couple was called file and suspend. The file and suspend method worked […]
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Checking a Broker’s Background Gets a Mandatory Link

FINRA, the regulatory authority for stock brokers and investment advisors, has recently approved a new rule requiring brokers to place a link on their webpage to connect the retail client to the FINRA broker check website. The FINRA broker check site provides professional background checks on advisors, disclosing client complaints and professional disciplinary actions against the advisor. The link, unfortunately, is not required to take the viewer all the way to the broker’s background. Instead the viewer will need to enter the brokers name or […]
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Right Now You Need to Do Nothing

“Your best move is to stay invested and keep your fingers crossed.”-Jack Bogle, founder, Vanguard Group The original publication of this article can be found here.  The following is an interview done by CNBC with Vanguard founder Jack Bogle. Mr Bogle is a very wise man and all individual investors should listen closely to his advice.  In the wake of the market’s worst week since 2011, the question for individual investors is what to do? Nothing, says Jack Bogle, the legendary founder of the world’s largest […]
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Fear is NOT an Investment Strategy

The stock market has been jumpy the last few months. Greece, the Federal Reserve looking to raise interest rates, China’s Stock market plunge and some weak corporate earnings have all contributed to recent volatility. We must also acknowledge that the stock market has been on a good run since March 2009 with only a few setbacks. When I see the market behaving in this manner, I remember a quote from William Bernstein, a financial theorist and best selling author, “In the short-term the stock market […]
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Avoid Tax Settlement Scams

Tax relief companies use the radio, television and the internet to advertise help for taxpayers in distress. If you pay them an upfront fee, which can be thousands of dollars, these companies claim they can reduce or even eliminate your tax debts and stop back-tax collection by applying for legitimate IRS hardship programs. The truth is that most taxpayers don’t qualify for the programs these fraudsters hawk, their companies don’t settle the tax debt, and in many cases don’t even send the necessary paperwork to […]
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