Retirement Income Portfolio:  Dividend Stock ETFs

Bonds have been yielding almost nothing for years and stocks have been rip roaring for the past decade, which has made high yielding dividend stocks very attractive.  People have been looking for high-yield and high-growth investments for years, and dividend stocks have delivered. Would you rather earn 2% per year investing in U.S. treasury bonds, …

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Investing in the MESP (Michigan Education Savings Plan)

There are a lot of great things to like about the MESP, but maybe the biggest benefit is the investment options. Now, the MESP has limited investment options, like most state 529 plans, but the big advantage of the MESP is the low cost of the investments. In fact, Morningstar rated the MESP as a …

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The Best Way to Pay Off Your Mortgage in Retirement

One of the most popular questions I get from retirees is, “Should I pay off my mortgage?” Easy enough question without, unfortunately, an easy answer. The concept make sense, pay down the largest monthly bill that you have, your mortgage, and this will eliminate the need for large monthly distributions from your retirement accounts.   Unfortunately, …

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How To Use BrokerCheck Before Hiring a Financial Advisor

I've written before about the 6 questions  you must ask any prospective financial advisor, but asking questions is just not enough. Most people now will research a restaurant online before going to dinner. Shouldn’t you at least do the same due diligence on a potential financial advisor? Thankfully, there is a great website devoted to …

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Why Eliminating The Fiduciary Rule Is So Good For Me And So Bad For You

Last week, it was announced that the fiduciary rule will be permanently delayed. You may remember the fiduciary rule as the regulation that requires investment advisors to act in the best interest of their clients. Yes, I realize how ridiculous it is that a regulation needs to be created that makes investment professionals act in …

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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. There are many investment management philosophies but the the investment strategy I prefer is a …

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