This Friday we observe Veterans Day. For some, this may be a day off work or school, or an opportunity to sell or buy discounted furniture. However, we should also take a pause and remember the real reason we observe this day. Originally deemed Armistice Day to honor veterans of World War I, it was...Read More
Thirty years ago, I discovered and set out to master the nonqualified deferred compensation field. I designed and placed several hundred plans prior to the 1986 Tax Reform Act, which caused dramatic changes in how these arrangements were funding. Prior to the Act, we could credit participant accounts with 18 to 22 percent guaranteed interest...Read More
As a highly compensated executive, you are focused on your career and management responsibilities. But no employee can afford to overlook personal financial planning. At the same time, your employer has a vested interest in helping you, and not just in your job, but in your personal wealth management as well. Why? Because when you’re...Read More
On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. This law puts into place sweeping changes to everything from providing more access to retirement plans, raising the Required Minimum Distribution (RMD) age to 72, and removing age restrictions for contributing to Traditional IRAs. Among all...Read More
January 17, 2020, Scottsdale, AZ – My Financial Coach (MFC) is excited to announce a new partnership with Knighton & Stone, PLLC, our latest Subject Matter Expert (SME) that has been on-boarded to the My Financial Coach platform. MFC continues to grow both in their practices and having top performing vetted Subject Matter Experts in...Read More
In the 1986 hit comedy film Back to School, Rodney Dangerfield plays a self-made plus-size clothing magnate Thornton Melon. In the film, despite all of his success, he comes to regret not taking the words of his father, “If a man has no education, he’s got nothing”, more seriously. With his home life in disarray,...Read More
This is the final part of our series My Financial Coach Presents: History of Retirement. Click Here to start at the beginning and view our video and timeline as well. Trouble in Pension Paradise By the 1950s, almost 10 million American employees, or around 25% of the private workforce had a pension. In...Read More
It is popular to think of retirement as a modern luxury. When most people think about retirement it almost feels right to think of it as an idea from the 20th century. However, I would like to show you something to help you expand on the history of retirement as something that is far older....Read More
It’s that time of year again, where depending on where you live, might mean freshly fallen snow, and frigid air. However, these conditions are made all the more tolerable with the trappings of the season such as the warmth of crackling wood in the fireplace and a mug of hot cocoa. Regardless of where you...Read More
Unfortunately, you actually can’t turn coal into a diamond. However, both share such closely related chemical make-ups that such statements almost seem accurate. From a certain point of view, there is at least some metaphorical truth to this statement as coal’s value is in the eye of the beholder. On a frigid winter night, a...Read More
