0 comments on “5 Questions You Must Ask Before Buying An Annuity”

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…

0 comments on “Self Employed in Michigan? Comparing a SEP IRA vs. a Solo 401(k)”

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…

0 comments on “Michigan Snowbird: Should You Make Florida Your Primary Residence?”

Michigan Snowbird: Should You Make Florida Your Primary Residence?

I’m writing this is the midst of another “polar vortex”. The car read negative twelve as I made my way through the icy wonder that is Michigan in February. The conversation with my parents at their Florida home didn’t help…

2 comments on “Analyzing The 2019 Proposal to Eliminate the Michigan Pension Tax”

Analyzing The 2019 Proposal to Eliminate the Michigan Pension Tax

Wait, Democrats and Republicans can actually agree on something? Well, every Democrat and Republican running for governor of Michigan at least. The Michigan “Pension Tax”, is so unpopular with Michigan retirees, that it actually brought together people on both sides…

4 comments on “MESP vs. MET: What’s the Best Michigan College Savings Plan? ”

MESP vs. MET: What’s the Best Michigan College Savings Plan? 

According to the University of Michigan website, it costs over $30,000 per year to attend UofM. Michigan State is not much cheaper with a year costing $25,000. Even scarier, if the trend continues it will cost nearly $270,000 for my…