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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 ...

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 ...

Main Street Money: What’s your number?

The last column I wrote had to do with why, during record-setting markets, people are not feeling that confident about their 401(k)s. And as of this writing, the market has hit yet another high. So why isn’t everyone dancing in the streets? I believe it’s because people are beginning to ...

You should consider alternatives to 401(k) plans

This has been another brutal week in the market, with it down 2% as of this writing. That comes on the heels of a Financial Times poll showing 62% of people surveyed either felt worse off or the same during the past four years. Yet, the market is up substantially and people with 401(k)s are, by ...

Risk tolerance vital in planning for retirement

When approaching a retirement planning case, the first, and most important step, is helping the client get a handle on what is really important to them. While this is often the very hardest step, it’s also often the most important. There is so much to think about that we put off because so ...

Main Street Money: Time to sell?

Every day, people come into our office and ask what we recommend they do with their investments. It’s a difficult question to answer, as my crystal ball is on the fritz. The conversation will usually go something like this. Me: “How are you feeling about your investments right ...

Main Street Money: Does the common man really need to see a financial adviser?

People often express doubts to me about how much impact a financial adviser can have on a “regular” person. Many believe advisers are the sole province of the wealthy, and that one with modest means would be wasting their money. Thinking about what I wanted to say about this subject, my ...

It’s important to have future plans

This is a theme that I come back to a lot because it’s such an important thing to grasp if your financial plan is going to work. In order to ensure the highest probability of success, you must focus, not on the inputs, but on the outcomes. We used to understand this. Back before the late ...

Show me the Money…

So much of the time, we discuss people who are already retired, or those getting ready to retire. After all, that’s what we specialize in. However, this week I saw a new client who is much younger than is typical; he is 29, and just starting out in a major new position that will increase ...