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Tag Archives: Richard Rosso

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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5-Things Your Broker Wont Tell You – Part 2

Valuations Matter. As I mentioned briefly in Part 1 of the series,  investors about to the enter the retirement distribution phase of their lives or seeking to extract money from a basket of variable assets like stocks and bonds to re-create a retirement paycheck, must be keenly aware of portfolio risk and prepare for a cycle of muted portfolio returns. Newbies to the retirement experience and those who aspire to retire within the next 3-5 years must seriously consider comprehensive financial...

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5-Things Your Broker Will Ignore – Part 1

Investors mistakenly believe their financial partners are students of holistic financial planning. Outside of sell-side biased market information pumped out daily by an employer’s research department, there are several areas of study that many brokers would prefer to avoid. Worse are the practitioners who confidently communicate erroneous Medicare and Social Security advice which results in consumers leaving thousands of lifetime income dollars on the table. Then, there are the brokers who...

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The Most Important Trait To Look For In A Financial Advisor

Daniel R. Solin, a New York Times best-selling author who penned a series of popular books with the overarching theme of how to be the ‘smartest,’ with money, recently wrote an article where he shared what he believes is The One Trait That Predicts Advisor Success. Mr. Solin makes a convincing case for curiosity as the dominating trait that separates a great advisor from a marginal one. I agree curiosity is critical to success not only to prosper in a chosen vocation, but for success...

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How “FaceApp” Can Help You Save More For Retirement

FaceApp is taking over social media. It also may help procrastinators focus on long-term goals, like retirement. The face recognition smartphone application is available for free download; a Pro version is available for a fee. The features available in the free version are enough to motivate you to immediately (possibly dramatically), increase your retirement account contribution percentages. So, what is FaceApp? FaceApp is artificial intelligence facial software which allows users to change...

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