Wouldn't it be nice if retirement planning only required you to invest in your company retirement plan and let Social Security take care of the rest? Unfortunately, life just isn't that simple. There are so many myths and dangerous half-truths about retirement planning repeated with such regularity that people begin to believe they must actually be true. For example, maybe you subscribe to one (or more) of the following dangerous myths…
I want to share a story with you from my coaching practice. It comes from a client who is a very successful trial attorney and was embroiled in a bitter legal battle. Now, you may be asking what does a trial attorney's life as a warrior have to do with me? The truth is we are all warriors whether entrepreneurs, investors… or trial attorneys. We are all fighting our battles to win and this message is relevant for all warriors in pursuit of success – which probably includes you…
I'm not a big fan of CNBC, but Rick Santelli expressed my sentiments on the Fed and housing markets so clearly in this interview that I just had to share this video clip with you. Few are better than Rick when he gets on a rant so I'll stop writing so you can sit back, listen and enjoy…
Last weekend I enjoyed a 12 mile hike through mountain trails with a good friend. The day was gorgeous, the scenery beautiful and the conversation stimulating. After our hike he told me an amazing story about the unlikely tragedy surrounding his company getting bought out for more than $100 million dollars. It has an important lesson for all of us…
One of the best ways to avoid becoming the next victim of investment fraud is to know what it looks like so that you recognize it when you see it. This final installment to my series on investment fraud prevention shows you the 16 most popular investment frauds, how to recognize them, and how to never become a victim to them…
Here's a chance to toot my own horn and provide you with a surprising insight into the internet business world. The good news is this blog is starting to catch on. I don't know if it was just a coincidence but in the last few weeks these updates you receive were recognized twice with "best financial blog" awards. The bad news is…
In this latest installment to our multi-part series on investment fraud I guide you through the specific action steps you must take to maximize your chances for financial recovery when victimized by investment fraud. Knowing exactly what to do is important because your odds for a full recovery are surprisingly high for certain types of investment fraud, but only if you follow these steps…
A reader asks, "I'm 61 nearing retirement and a lot of financial gurus say I should leverage my rental property equity to buy stocks, real estate, etc. for retirement. Is it a good idea?" There are two answers to that question – the scientific answer and the realistic answer…
You may believe your retirement plan is on track with 401(k)s and IRAs but that is not necessarily true. Experts estimate that more than 90% of retirement plan participants will either retire in poverty or run out of money before death. Yes, it is a shocking statistic… but likely true. Learn the 12 most important retirement planning mistakes you must avoid to make sure you don't become part of this statistic…
