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Search Results | "Stephen Kelley"-robert

Stephen Kelley | When safe isn’t always safe and risk isn’t always risk

"But, is it safe?" This is one of the most perplexing questions I get from people who are considering using our income planning services. More often than not, they are referring to an annuity or other life insurance product we sell, and are really struggling with how safe they are. I know this ...

Don’t bury the lede: Common misconceptions

I’ve been writing a long time, since I was a young boy, really. My mom taught me how. When I had a term paper due, we would clear the kitchen table, set up our portable typewriter (no computers in those days!), spread out all my research in front of us, and start typing. It would always be in ...

It’s difficult to make predictions: especially about the future

An interesting thing happened while I was taping the Free Money Radio Hour this week (every Sunday at noon on WCAP, Lowell). We were talking about the recent decline in the market that had been triggered by last week’s interest rate hike. As we were talking, I revealed I was unaware of that ...

Certain is better

Often the best part of Super Bowls are the commercials, especially when there is a blowout (and, I must admit, when Tom Brady isn’t the one blowing out). I must say I was underwhelmed by most of this year’s commercials, even though I found the game itself one of the most satisfying blowouts ...

Is there a viable alternative to bonds?

Annuities often get a bum rap, generally from market-based planners who view them as a threat, or other financial advisors that don’t really understand them very well. However, once you do understand how they work, it’s easy to see why nearly everyone would want them as a component of their ...

It’s not their money, it’s yours: Playing a winning hand

I have been noticing some things lately that I find both troubling and consistent with things I have known and been speaking and writing about for some time. That’s the struggle the industry has when it comes to promoting and discussing the very important issues facing today’s and ...

Career coaching: It’s not your father’s job search

With COVID raging and people out of work, we have added career coaching to our list of services by partnering with a leader in the field that has helped more than 100,000 executives get back in the saddle. Allow me to elaborate. Back in 1998, I exited a small software company I had helped ...

Because that’s where the money is…

Question: Do you believe taxes will be going up or down in the future? Before answering, consider this. Marginal tax rates are currently at a near historical low. At the same time, budget deficits and national debt are at an unquestioned historical high. As you read this, the national debt is ...

When magical thinking trumps reality

Prior to the pandemic, the stock market had reached historic highs, continuing the longest bull market in history. In the face of this historic growth, all kinds of prognosticators and pundits were saying it was way overpriced and couldn’t possibly last. And yet, it did, continuing to rise at ...

The unimaginable unmentionables

Yesterday, while I was taping my weekly radio program, The Free Money Radio Hour (which can be heard on Saturday mornings at 8:00 am on WFEA in Manchester [1370 AM--99.9 FM], and WCAP in Lowell [980 AM], or on our podcast at www.FreeMoneyGuys.com, I mentioned a recent conversation I had about ...

Decisions: The biggest Social Security blunder

Yesterday, while I was taping my weekly radio program, The Free Money Radio Hour, we had a mailbag question regarding Social Security. The questioner asked, “when is the best time to take Social Security?” The first and most accurate answer to that question is I have no idea. I know ...

Getting ready for another real McCoy bubble

So here we are again with markets soaring like there’s no tomorrow, and the Nasdaq actually posting record highs. Administration economic advisors are giddy with optimism. Larry Kudlow said on June 30 that he was confident we are definitely in a strong V recovery with the markets up by 40%. ...

What’s in a ‘Definition?’

Did you know the match on the 401(k) was simply a bribe to get rank and file employees to sign onto a system that was designed to move them out of defined benefits plans and into defined contribution plans? Even the nomenclature is misleading. “Defined contributions plan” sounds good, ...

Business losses hurt much more than gains help

There’s been a lot of happy talk lately over reopening the economy and seeing everything come back to normal. A lot of the talk has the economy in full swing by the end of the year. I don’t want to be a Debby Downer, but I think a lot of that talk misses the mark. I’m also hearing a lot ...

The income game

You’re getting ready to retire and decide to seek out some advice on how to structure your income from your retirement accounts. You have $500,000 in your various retirement accounts and want to know how much you can safely spend each year and not outlive your money. Most planners are going ...

Losses and Gains

Monday, March 9 marked the beginning of the stock market crash of 2020 – with the Dow’s largest single day point loss in history. That day was followed by two more huge drops on March 12 and 16, and so far, we’ve seen the three worst single-day point drops in U.S. history. And sandwiched ...

Paranoia sets in as we start moving out of danger’s path

I will never forget when I was a young man in my late 20s. It was November 1980, when what became known as the Panorama Fire which had been set by an unknown arsonist swept through large swaths of San Bernardino neighborhoods. At the time I was working as a freelance photojournalist, and I was ...

When is the best time to stop losing money?

“Nineteen percent in nineteen days. That’s how far the markets have declined at the time of this writing. Due to my schedule I am having to write this column several days before printing, and so I am having to make some predictions. As Yogi Berra once said, that’s very difficult to do. ...

Uncertainty in life is a certainty

As we experience this most recent dip in the market due to the uncertainty surrounding the COVID19 virus, I wonder why people are so surprised. By both. The pandemic and the market. First, the pandemic. We’ve been warned for years that some type of virus would likely be the biggest threat ...

Great news about investment accounts

Every adviser understands the primary threat to investment success isn’t the investment style. It’s not the assets chosen, nor the allocations made. It’s not the business cycle. It’s not even picking the right or wrong money manager or adviser, as long as they understand this basic ...