The 2018 Michigan Education Trust (MET) Costs Are Out, and the Numbers are Ugly

Michigan recently released the 2018 costs of purchasing the Michigan Education Trust (MET).  The MET is a prepaid tuition plan in which you pay for future college credits today.  In theory, you are paying for future college credits at today’s lower prices.  As I discussed in this article,  really you are paying for future college …

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Creating A Safe (but Flexible) Retirement Withdrawal Strategy

For the past 20 or 30 years you have saved and saved and probably have seen your accounts get steadily higher throughout the years.  Saving isn’t easy, but creating a withdrawal strategy may be even more difficult.  It isn’t easy seeing your life savings gradually start to go down.  Maybe you are nervous about taking …

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5 Things to do Now in Michigan to Take Advantage of the Proposed Tax Bill

By the time I finish writing this post, it may already be obsolete.  First, the new proposed tax bills could die like the proposed healthcare bill from earlier in the year and never make it anywhere.  Second, there are currently two proposals (The House Proposal and The Senate Proposal) and there is a good chance …

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Retirement Income Portfolio:  Preferred Stock ETFs

Preferred stocks are high yielding investments that can participate in market upside, but can also offer some protection in the case of a market crash.  Sound like the perfect retirement income investment?! Not exactly, but preferred stock ETFs can play an important role in a diversified retirement income portfolio.  This post discusses how preferred securities …

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6 Questions you Must Ask a Potential Financial Advisor

I’ve sat down with hundreds of potential clients in my career, and I’m always amazed how few questions I receive. Sure, I get the common question, “What are your fees?”, but almost nothing else. It appears to me that people spend more time researching a new washer and dryer, than a new financial advisor. Yet, …

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