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Phil’s Phacts

PODCAST: Now Playing - Phil's Tax Hacks (and other retirement facts)

Submitted by AFS Wealth Management on June 2nd, 2019

Phil's podcast has now launched. Check out the most recent episodes below in the audio player or visit the podcast website for the full library, subscribe links & detailed show notes of each episode!

Click here to visit the podcast website.

Listen below to check out the most recent episodes.

Tags:
  • money
  • podcast
  • tax hacks
  • Taxes
  • Read more

The Benefits and Risks of Annuities: How to Know if They’re Right for You

Submitted by AFS Wealth Management on February 5th, 2016

In the realm of investing, few financial instruments have garnered more controversy than annuities. Unquestionably, annuities have their share of critics, especially when they are applied improperly, but, in the right situation, their benefits may be unmatched.

Tags:
  • Guaranteed Lifetime Income
  • Read more

The 4 Essential Elements of a Retirement Plan

Submitted by AFS Wealth Management on January 22nd, 2016

Until recently, many retirees have been able to rely upon the three-legged stool of retirement income sources: A defined benefit pension plan that guarantees a lifetime income, their own savings, and Social Security.

Tags:
  • Retirement Plan
  • Saving For Retirement
  • Read more

The New Staple In Your Retirement Plan

Submitted by AFS Wealth Management on May 18th, 2015

blog-11.jpg"The single best gift Congress has ever presented the American taxpayer.” “Anyone eligible to start one, should do so now!” “There is nothing more to analyze, it works.”
—”The Retirement Savings Time Bomb,” by IRA expert Ed Slott

Tags:
  • Retirement Plan
  • Read more

Don’t Get ‘Sold’

Submitted by AFS Wealth Management on May 11th, 2015

blog-10.jpgA few weeks back, Jerry, a 67-year-old gentleman, walked into my office and asked about “stress testing” his retirement plan. I do a lot of these stress tests and, frankly, I hear the same thing over and over: “I think I feel pretty good about my plan.” When I asked Jerry what his financial goals are, he said he wants to ensure he has enough income to last his lifetime with the remainder of his assets going to his only son, who is struggling financially.

  • Read more

Are You Financially Literate?

Submitted by AFS Wealth Management on May 4th, 2015

blog-9.jpgIt may have passed quietly last month, but did you know April was National Financial Literacy Month? Or a better question might be: Do you know about National Financial Literacy Month? Very few do, so let me tell you what it is. National Financial Literacy Month is recognized to highlight the importance of financial literacy and teach Americans how to establish and maintain healthy financial habits.

Tags:
  • Saving For Retirement
  • Read more

The Fed’s Patience Has Run Out

Submitted by AFS Wealth Management on April 27th, 2015

blog-8.jpgWhen I speak with clients, I always talk about making sound financial decisions. I urge them to not base their choices on faulty logic or misinformation. I want them to take the emotion out of their decisions. By taking emotion out of the financial decision-making process, they can take a hard look at the numbers, which often helps things become much more clear.

Tags:
  • Downside Risk
  • Monetary Policy
  • Rising Interest Rates
  • Risk Management
  • Read more

Where Can I Buy A Stretch IRA?—Nowhere

Submitted by AFS Wealth Management on April 27th, 2015

blog-6.jpgI find the financial industry to be riddled with terminology designed to confuse the general population. With acronyms that no one can explain, multiple terms all meaning the same thing, and names that appear to be pulled from thin air, it can seem like the financial world is speaking a totally different language.

Tags:
  • Beneficiary Planning
  • Estate Planning
  • IRA
  • Legacy Planning
  • Required Minimum Distribution
  • Stretch IRA
  • Read more

Income Planning And Math; Be That Nerd

Submitted by AFS Wealth Management on April 20th, 2015

blog-5.jpgIf you are a regular Phil's Phacts reader, you have probably noticed that I end some columns with the statement "be vigilant and stay alert." I do believe that is some of the best advice I can give with respect to creating a sound financial system. I teach and preach that same mantra to my clients and, therefore, encourage them to read a lot and question even more.

Tags:
  • Income Planning
  • Inflation
  • Read more

Fees And Expenses; Just Not Adding Up

Submitted by AFS Wealth Management on April 13th, 2015
blog-4.jpgI am accustomed to seeing a variety of emotions from people when they first come to see me; confusion, urgency and fear, to name a few. In fact, over the years, I’ve gotten pretty good at recognizing and identifying how people are feeling before they even start talking to me.
Tags:
  • Fees & Expenses
  • Mutual Funds
  • Read more
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