The Medicare Mistake That Could Cost You Thousands

I’ve been working with a family for years and finally this year they have decided to pull the trigger and retire. Both will retire now that they are 65, and we spent a lot of time discussing healthcare, and specifically…

The Bucket Retirement Investment Strategy

The goal in retirement is to have an investment strategy that creates a steady stream of income while minimizing downside risk.  Yet, the strategy needs to be aggressive enough in which your account can grow and keep up with inflation.…

Video: Beware Of This Annuity Mistake

https://youtu.be/xC8EkN4eE70 Careful of Guaranteed Rates of Returns on Annuities How can you lose money when the annuity salesperson "guarantees" a 6.5% rate of return? This video discusses what you should be aware of before buying an annuity. Of course, a…

How Much Home Can You Afford in Retirement?

When Bob and Sally came into the office, their finances were a mess. They had recently retired and were withdrawing nearly 10% annually from their retirement savings. At their current withdrawal rate, they would be out of money by the…

5 Questions You Must Ask Before Buying An Annuity

Buying an annuity is not that different from buying a home. Let’s break it down: Both involve pretty high fees (6% realtor commissions don’t pay themselves)Both involve long time commitments as annuities have high surrender fees, and most homes aren’t…

Self Employed in Michigan? Comparing a SEP IRA vs. a Solo 401(k)

For years, the SEP IRA was the gold standard retirement plan for the self employed. High contribution rates? Check. Easy to open? Check. Flexible investments? Check. However, the SEP IRA is getting some competition, from the solo 401(k) (a.k.a an…

Social Security Benefits for Widows in Michigan

When Anne’s husband passed, her social security benefit was the last of her concerns. Finding the right cemetery, breaking the news to friends and family, and grief dominated her thoughts. Who can blame her? The man that she had been…