October 22, 2016

The following is a response to a question from a retirement investor in their 20's wondering if they should invest in bonds - and specifically municipal bonds - in order to have a diverse portfolio.

Bonds are there for when you need money. They lose to inflation. We hol...

February 24, 2015

If you are asking if the earnings will be subject to income taxation, the answer is yes. Whether it results in a tax liability to you on your federal or state returns requires looking at your overall income and deductions. 

 

If you are asking your work income will mak...

December 22, 2014

If your state's plan offers a good tax deduction and a fixed option, you may benefit a little from using the 529 plan. Unfortunately, most 529 plans rely too heavily on risky investments, so check your plan options for a fixed account and the interest rate. 

 

Otherwise,...

December 8, 2014

I don't know what the last question means specifically other than it is diversification into stocks and bonds. I've seen some online advisors that concern me with the way they advise based on risk-tolerance scores which have nothing to do with goals. 

 

If you need money...

December 8, 2014

There are three factors I look for in determining where to save: 

 

1) Fees. The higher the fees, the less attractive a match will be over long periods of time. 

 

2) Ability to diversify. You give up investment control in a 401(k) plan. If you do not have a number of qual...

December 4, 2014

Great question, this is an area I really enjoy making sure people get off saving on the right path. 

 

Your question involves a number of variables including your current and expected future income, your investment options in your employer plan (your ability to diversify...

November 22, 2014

This hits on a topic that I consider to be as much personal as it is financial. 

 

Financially speaking, a low-rate, long-term mortgage can provide you an inflation-hedge that simply isn't available elsewhere. It can provide you a significant opportunity to save and in...

November 22, 2014

Three years is not enough time to invest for growth, so you should consider extremely safe and conservative investments for these funds if you can not afford a loss. Your safest route will be FDIC-insured accounts. If you want to get more creative and can stomach some...

Older Posts >

Please reload

Clear Financial Advisors-Best Detroit Advisors (WXYZ/ConsumerAffairs)

July 17, 2019

1/4
Please reload

CLEAR & INTENTIONAL  INVESTING

online fee-only fiduciary financial advisor blog robert schmansky
Categories
Follow Us
online fee-only fiduciary financial advisor blog robert schmansky
online fee-only fiduciary financial advisor blog robert schmansky
online fee-only fiduciary financial advisor blog robert schmansky
About Us

Detroit, Ann Arbor, and online fee-only, fiduciary financial advisor blog / podcast on retirement, investments, economy, taxes, 401k, 403b, Roth, IRAs