retirement Archives - Monegenix®

Social insecurity

Last updated on: August 28, 2018 by David Lewis Filed Under: Retirement Planning Tagged With: future savings, how to save more money, retirement, retirement planning, retirement savings, saving money, savings, Social Security

New data from the Social Security Administration shows that the government won’t be able to pay promised benefits after 2035. The new report reads, in part: “The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year, […]

Why retirement plans are a big fat tax idiot

Last updated on: May 1, 2018 by David Lewis Filed Under: Financial Planning, Retirement Planning Tagged With: 401(k), early retirement, financial planning, Individual Retirement Account, IRA, retirement, retirement planning, retirement savings, saving money, SEP, SIMPLE

Let’s rap about why retirement plans are the basic b*tch of the financial industry. The most obvious reason is… everyone has one and nearly EVERY financial planner recommends their clients pile into one. It almost doesn’t matter what the situation is… bloggers, investment advisors, CPAs… they all recommend the same damned thing: 401(k)s, IRAs, SEPs, […]

How the government manipulates your retirement plan

Last updated on: April 24, 2018 by David Lewis Filed Under: Retirement Planning Tagged With: financial planning, retire, retirement, retirement planning, retirement savings

Was reading recently that the first 10 or so pages of the Internal Revenue Code spell out the rules for what constitutes income and taxable income. The next 1,100 or so pages spell out exceptions to those tax rules. Now, I ain’t no legal expert, but if the government creates a problem (i.e. onerous taxation) […]

Investment returns vs risk capacity

Last updated on: April 16, 2018 by David Lewis Filed Under: Financial Planning, Investing, Retirement Planning Tagged With: investment risk, planning for retirement, retirement, retirement plan, retirement savings, risk capacity, risk tolerance

Cornerstone Investment Services put out a piece a while back that showed the average annual rate of return for the S&P 500 (THE stock market of stock markets) since 1871 is about 5.63% to 5.85%, depending on where you source the raw data from and how you interpret that data. MOAR: Vanguard has a report […]