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Tag Archives: Great Depression

Rosso’s 2020 Reading List – Part II

“A reader lives a thousand lives before he dies… The man who never reads lives only one.” – George R.R. Martin. I’m not sure what I would do without books. On weekends, I can be found in antique stores searching out volumes written in many instances, over 100 years ago from authors most of us never knew existed. These treasures don’t cost much. The words are priceless. I find that absorbing fiction and self-improvement as well as financial or economic titles, fosters an ability to think...

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Rosso’s 2020 Reading List

Let’s be reasonable and add an eighth day to the week that is devoted exclusively to reading. – Lena Dunham. I’m not sure what I would do without books. On weekends, I can be found in antique stores searching out volumes written in many instances, over 100 years ago from authors most of us never knew existed. These treasures don’t cost much. However, the words are priceless. My reading interests are varied as I strive to fight myopia. I find that absorbing fiction and self-improvement as well...

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The SECURE Act: It’s Reality & What You Need To Know

Like a thief in the night, in a rare bipartisan agreement, Congress passed the Setting Up Every Community for Retirement Enhancement Act or the SECURE Act. The most creative element of the act admittedly, is the name. All is needed now is the President’s signature which is a foregone conclusion. I’m torn by this Act. There are several good elements to it; however, those who plan to leave significant wealth through non-spousal inherited IRAs are going to face formidable issues with this bill,...

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It’s a Wonderful Time of Year to Face Financial Ghosts.

What are your ghosts? Ghosts of the past are notorious for creeping into the present, especially when holidays roll around. If you’ve unpacked an ornament from 30 years ago or got lost in a memory while watching A Charlie Brown Christmas, then you understand. The ghosts of Financial Mistakes Past are sometimes not so kind. In other words, they’re not mindful of seasons; they aren’t warm and fuzzy either. Rattling chains of the ghosts of financial mistakes can be uninvited guests for years to...

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Never Forget These 10 Investment Rules.

“Psychology is probably the most important factor in the markets, and one that is least understood.” – David Dreman A motive of the financial industry  is to blur the lines between investor and trader. I’m convinced it’s to make investors feel guilty for taking control of their portfolios. After all, Wall Street firms ares the experts with YOUR money. How dare you question them? Sell to take profits, sell to minimize losses, purchase an investment that fits into your risk parameters and...

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10 Financial Planning Rules You Shouldn’t Ignore.

Financial planning is misunderstood. Ask consumers or brokers what financial planning means to them and the conversation steers toward the portfolio or a pitch for investment and insurance products. “I asked for a financial plan –  he gave me a brochure about long-term care insurance.” – Anonymous. So, you’re considering holistic financial planning? I commend you.  Here Are The 10-Rules Rule #1 – Take a holistic approach to every financial decision. Money doesn’t exist in a vacuum; money is...

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Medicare Advantage? A Couple of Things To Consider

It’s that time of year again. Medicare Open Enrollment season began October 15 and runs through December 7th. If you’re Medicare-eligible or in Original Medicare or Medicare Advantage, I’m confident you’re getting bombarded with advertisements and collateral materials. Remember, this is the annual opportunity to review your Medicare Advantage and Prescription Drug D plans to make certain costs and benefits still meet your personal needs. By now, recipients should have received Evidence of...

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3 Tips To Avoid A “Save Taxes NOW!” Mentality

We scramble to do whatever we can to save on taxes. Unfortunately, there’s little firepower in the form of itemized deductions since the Tax Cuts and Jobs Act (TCJA) was initiated. The www.taxfoundation.org estimates that nearly 90% of taxpayers will continue to take the expanded standard deduction which has increased from $6,500 to $12,000 for single filers; $13,000 to $24,000 for those married filing jointly. If you recall, the income tax changes under TCJA expire at the end of 2025. CPAs,...

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5-Things Your Broker Wont Tell You – Part 4

Social Security is America’s pension. Without Social Security included as part of a retirement income plan, even disciplined savers may experience financial vulnerability in retirement. With the inclusion of Social Security or an inflation-adjusted income annuity that lasts a lifetime, a retiree may depend less on variable assets like stocks to create a predictable retirement income, especially during market cycles characterized by poor sequence of returns risk. Investors in distribution mode...

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5-Things Your Broker Will Ignore – Part 3

At our extensive Retirement Right Lane Classes which fill seats all over Houston, our planning group spend hours with a wide demographic of attendees who give up their Saturdays to tackle head on, the challenging topics that are crucial to financial survival in retirement. An important goal of the class is to rewire the years of bad advice consumers have been given from an industry which thrives on outdated theories. From “pre-tax investment vehicles are the greatest invention since...

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