Should you use an immediate life annuity (ILA)… or should you maintain control of your money by investing in stocks or bonds? For many people, ILAs are the only way they can fund their retirement, as they have insufficient savings and/or investment knowledge. Paul discusses the ILA and explains how annuities are priced, plus the lowest cost places to shop. The surprise is how different the prices can be for exactly the same product.
One percent sounds like such a small amount. Yet, over time, it can make a huge difference in your financial security and retirement income. Paul explains how to maximize your return on investments and take advantage of this profound difference in your investment portfolio management.
For more than 30 years, Paul has been encouraging parents and grandparents to put a little aside each year for a child, with the intent of giving them a jump start on their retirement savings account. In this podcast Paul walks listeners through the steps to turn a $1 dollar a day investment, over 16 years, into over $4,000,000. No gimmicks. No outrageous claims… just a little bit of money and a whole lot of time and patience.
The Hulbert Financial Digest is the only real record of the performance of financial newsletters. Having subscribed to Hulbert for over 20 years, Paul investigates the annual issue which reports the latest results, short and long term. In this podcast Paul discusses the best lessons from this annual issue and how his free recommendations compare with newsletters that charge for their advice. Paul also discuss why these results do not mirror the real results investors achieved.
In this second in a series of articles and podcasts addressing investment risk, Paul Merriman continues to expand upon the three concepts of risk:
1. Never take a risk that you don’t get a premium for having taken.
2. Risk is not just about losing money, but also taking advantage of opportunities.
3. There is no risk in the past – we know what we should have done.
Learn how to identify, understand and manage investment risk. In this series of three podcasts (and accompanying edited transcripts), Paul Merriman discusses more than 20 legitimate risks which have the possibility of doing real harm to your portfolio. In Part 1, Paul examines eight risks anyone can manage. Of all the risks, these are the easiest to understand and manage… and yet few investors do.
In this installment of the series, “Overcoming Three Hurdles to Saving and Investing for the Beginning Investor”, Stacycontinues to look at the hurdle, “I lack the money”, and recounts one of Paul’s experiences where he suggested saving a dollar a day. Stacy includes a 1-page download and suggests that regularly saving a little bit over a long time can help create a brighter financial future
In this podcast Paul discusses what he wrote about REITs in 2007 and reconfirms his recommendation to hold this asset class in our tax deferred portfolios.
Most of Paul’s podcasts are based on facts but in this podcast he shares 30 plus minutes of the feelings he has about retiring to San Miguel de Allende, Mexico. Paul, and his wife, Zan, fell in love with San Miguel within 24 hours of landing in Mexico. The trip started as an attempt to find a little sun and see something besides the ocean cities of Mexico. The trip ended 10 days later with the decision to buy a home and eventually retire, at least part of the year, in San Miguel. In this rambling podcast Paul discusses the lifestyle, the beauty, the relationship and the costs of living in San Miguel.
In this sixth podcast in his series, Stacy continues addressing hurdle #2, “I lack the money”, and suggests that by making rather than receiving interest payments, many people find themselves making someone else rich rather than themselves. Stacy cites data that shows while many people’s debt load is forcing them to make financial sacrifices, many of America’s millionaires became wealthy by living below their means and shying away from debt. Stacy offers steps to begin overcoming hurdle #2 and have more money at the end of the month to save and invest.
In this podcastPaul explains his decision to make a very different approach to rebalancing. Many of the details he mentions can be found in his recent article on MarketWatch.com. While the past does not guarantee the future, his recommendation could leave investors with an additional 1% a year, without taking significantly more risk. Paul invites your comments and questions on this subject. Thumbs up or thumbs down?
This podcast was motivated by an email exchange in which Paul tries to motivate an investor to consider a simple change that might add almost 1/2 percent a year. The response to his suggestion is one of the biggest challenges educators and advisors have: "You are probably right but I'm happy where I am." Paul's concern is that most investors don't really understand the impact of the 1/2 percent difference.
While many people think budgets are a good idea, many people struggle in realizing their financial goals. In this podcast, Stacy Gary acknowledges that budgets require discipline and offers a framework for keeping the big picture things in focus when approaching budgeting. Download accompanying pdf below.
This is one of the most common questions Paul receives. He discuss an email that ends (after a lot of detail), "What would be the best way for us to continue to grow the value of our investments for now and to generate income with potential continued growth upon retirement?" In other words, "What should I do now?" Paul offers listeners a handful of articles, podcasts and books that will prepare you to answer some of the biggest financial questions of your life: How much should I have in stocks and bonds? What stocks and bonds should I own? How much do I need to retire? How much should I take out of my investments in retirement? What do I need to know about my investments to plan for retirement?
Working from a list of 20 football facts, Paul finds similarities between investing and playing football. How would you like to be the financial planner for a client who has a life expectancy of 55? You may be interested in the financial future of football players vs. software developers. Plus, he compares your tax advantages to those of the National Football League.
Paul explains why to have bonds in your portfolio and the best ways to get invested if you are afraid of losing money in a rising interest rate market. This should be one of the easiest of all investing decisions but, with all the worry about inflation and higher interest rates, many investors are paralyzed. The answer is simple for those who are pure buy and holders, and simple for those who want to apply a little market timing. Paul addresses both groups, but concludes that very simple is not necessarily very easy.