Posts by Lee


Over the last month, Don and I have watched with passive interest the long-running saga regarding the potential of Greece defaulting on its scheduled debt payment on June 30.  This “Greek tragedy” has actually been running since at least December 2009.  As a matter of fact, since Greece won its independence from the Ottoman Empire in 1832, it has been in default or rescheduling its debt 51% of the time.  Last Tuesday,...

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One of the important tenets of financial and retirement planning is to strategically match your upcoming liabilities (such as college funding, a second home purchase, or retirement income) to assets in your savings or investment accounts.  Notice we mention two types of accounts, the savings account and the investment account.  It’s not necessary to have two distinct and separate accounts, but you should know that there is a...

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Over the last month or so, several folks have asked Don and me several questions regarding taxes, retirement savings, and the tax issues associated with drawing money out of a retirement account. Although I’m sure you’ve heard myths and all the long-standing conventional wisdom about how and when to draw money out of retirement accounts, you’ll find your own best after-tax solution after a thorough analysis of your options. Clearly,...

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What comes to mind when you hear the name Warren Buffett – investor, mutual fund manager, CEO, entrepreneur, stock picker, philanthropist, or billionaire? Or maybe something else comes to mind? Whatever you think, one thing is clear: he has made a lot of money investing over the years.  If you’re counting, Forbes’ 2015 ranking places his net worth at $72.7 billion, which makes him the third wealthiest person in the world behind...

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Monday, March 9 is the sixth anniversary of the S&P 500 hitting bottom after dropping over 57% from peak-to-trough over the previous 17 months.  In other words, from October 2007 to March 2009 the market dropped 57% and then for no reason anyone can identify and at a time no one expected the fall ended.  Just like that, it was over.  On that day, the S&P 500 closed at 676.53.  The very next day, it was up 6.4%.  At the end of...

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