Posts tagged Father's Day
#224 Father's Day Financial Advice, Annuities

This Father's Day weekend, we have financial advice for dads, moms and kids. Many of you know that my father, "Big Al" or "Albie", had a big influence on me and I miss him terribly. For those who never heard the show where Dad came on as a guest, you can check out this post. I also wrote about him here.

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In this week's show, we spoke to Frank and Camille about annuities, as well as Mike about his asset allocation. Jill wanted advice or ideas about how she could contribute to her household income, perhaps through a small business and Pam asked about the about the Windfall Elimination Provision  of Social Security.

Finally, Vinnie wants to retire early…really early -- no later than 57 and as early as 52 if he can make it work...can he?

Thanks to everyone who participated this week, especially Mark, the Best Producer in the World. Here's how to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE 
Radio Show #120: Bond bloodbath

The Federal Reserve spoke and the bond market was not amused. Chairman Bernanke said that if the central bank’s projections were correct and the economy continues to improve, the Fed could begin to taper its bond purchases at the end of this year; and the program could conclude in mid-2014. Bond yields spiked to 2.5 percent and bond prices, which move in the opposite direction, sank.

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The rise in 10-year Treasury bond yields from 1.6 percent in the beginning of May to a 15-month high of 2.5 percent in mid-June might not seem like a big deal – just 0.90, right? But it’s important to realize that it’s a 56 percent move in just 7 weeks!

Since a one percent increase in yields could cause a bond fund to decline by 5 to 10 percent, depending on the type of bonds you own, the questions about bonds are starting to pour in. Summing up most of those e-mails was Brian, who knows he has to rebalance, but is fearful of the bond market.

The retirement planners were out in force: Patricia from MO is trying to plan for an adequate, steady income if her husband predeceases her; Gary in NY is wondering whether to take 20 percent of his $1 million retirement savings and put it into a guaranteed annuity; Mike from CA wants to know if his nest egg is sufficient to supplement his pension; and Doug from MD is contemplating retirement, after a big change in his life.

We fielded home purchase and mortgage questions from Daniel in Arkansas and Stephanie in Texas; soothed Margaret and Jan, who are both worried about the stability of Social Security (fear not!); and chided Jason for wanting to use off the shelf software to save money on estate planning - bad idea!

Thanks to everyone who participated and to Mark, the BEST producer in the world and Christina, who is vying for "Intern of the Year". If you have a financial question, there are lots of ways to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE 
Radio Show #119: Father's Day financial advice with "Big Al"

In honor of Father’s Day, I asked my Dad, “Big Al” to join us for a couple of segments. My father was a stock options trader and specialist on the floor of the American Stock Exchange, which was how I caught the bug of the business. For a guy who had a risk-taking career, its notable how conservative he is about the rest of his financial life…

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After Dad got us warmed up, we talked to Gloria from AZ about what to do with a variable annuity she purchased a couple of years ago. Here’s what not to do: buy any more insurance products from salespeople trolling for commissions!

Pete from CT and David from TX are planning to retire from municipal jobs are each of them is wondering how to plan for the future.

Paula from NY is weighing a move out of an expensive real estate market and wants to know what she should consider before making this big decision.

Barry and Jesse wrote in asking about estate issues, to which I provided my stock response: PLEASE see an estate attorney…not the guy or gal who closed your re-fi or your college buddy who is a divorce lawyer. This is important stuff, so it is imperative that you engage an expert!

Vincent is concerned about the bond portion of his portfolio. Are there ways to protect some of his money without attempting to time the market?

Should Carolyn refinance her home again, in order to shave time off the loan? The answer depends a lot on cash flow. If the refinance puts too much pressure on your bottom line, it may not make a lot of sense.

Thanks to everyone who participated and to Mark, the BEST producer in the world and Christina, who is vying for "Intern of the Year". If you have a financial question, there are lots of ways to contact us:

  • Call 855-411-JILL and we'll schedule time to get you on the show LIVE