Evan M. Levine, ChFC's Answers and Guides
Level 20 Contributor
112 Answers and 23 Guides
All great answers. It's a fascinating question which would indeed require a crystal ball to answer accurately. I will say this: as others have pointed out, which the data confirms, investing in any individual security brings more risk then buying the
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All great answers. It's a fascinating question which would indeed require a crystal ball to answer accurately. I will say this: as others have pointed out, which the data confirms, investing in any individual security brings more risk then buying the entire index it sits in through an ETF. About 3 times the volatility with no added return ( on average). Of course you may pick one of the outliers that significantly outperform - but it's unlikely. I am definitely on board with Victor in creating a thoughtful plan before deciding on investments
Finally, when it comes to "retirement investing", I wouldn't think as much about yield as I would total return. As David Loeper pointed out: "a dollar spent from a capital gain buys the same amount gas or grocery's as a dollar spent from a dividend". (Maybe more because it's taxed less) Feel free to reach me with any questions on this. Evan 917.696.0674
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Simply ask the advisor what their fees are; then become quiet and listen carefully to how they respond. Notice if their response is calm and clear - and if you UNDERSTAND what they are saying . If they are responding in an anxious manner, talking a lot
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Simply ask the advisor what their fees are; then become quiet and listen carefully to how they respond. Notice if their response is calm and clear - and if you UNDERSTAND what they are saying . If they are responding in an anxious manner, talking a lot and fast, using industry lingo that is confusing to you, it may be time consider a new advisor. BEST OF LUCK!
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You mentioned "Insurance Agent". And it sounds like he is recommending an insurance product or annuity These products pays the agent or broker and commission ( and maybe and "override") As of this writing this amount does not need to be disclosed according
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You mentioned "Insurance Agent". And it sounds like he is recommending an insurance product or annuity These products pays the agent or broker and commission ( and maybe and "override") As of this writing this amount does not need to be disclosed according to the law.
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If you want to try your question again, I will do my best to provide an answer!
Its an interesting question. Even if they allow for a distribution ( they rarely do) you must pay a 10% government penalty. I guess it's Big Brother looking after you so you have money when you are older. If that is a good or bad thing, I can't say.
Frankly I don't think it matters that much. What is most important is your asset allocation: mix of stocks, bonds and cash and your savings rate.
Hi again: Thought you would find the following helpful as a way to prepare for the upcoming changes:
http://www.completeadvisors.com/2012/05/23/are-you-prepared-for-the-erisa-deadlines-that-are-around-the-corner/
Please call with any questions.
Evan
Life Insurance is not an investment, it's protection. In my view, there are benefits to having Life Insurance with cash value and it's worthy of consideration depending on your situation- but the cash value is a secondary benefit to the protection and
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Life Insurance is not an investment, it's protection. In my view, there are benefits to having Life Insurance with cash value and it's worthy of consideration depending on your situation- but the cash value is a secondary benefit to the protection and as such, should not be viewed as an invetment.
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I want to second ( or fourth) the views on personalized advice. These internet platforms are a catch 22 because a little knowledge is dangerous and if you take bits and pieces of advice and try to go it alone it may not work as well as partnering with
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I want to second ( or fourth) the views on personalized advice. These internet platforms are a catch 22 because a little knowledge is dangerous and if you take bits and pieces of advice and try to go it alone it may not work as well as partnering with an adviser. I just furnished my house which came out great - but reading all the store catalogs and web-sites only got us so far. When we found someone to be our "guide" it all finally came together. I suspect that for most people financial planning requires the same sort of guide. ( P.S That " guide" was a lady who worked at Raymore & Flanagan.. great store)
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You didn't lose it then, nor will you lose it in the future.... IF you do not sell.
