Posts by Don Anders
Finding the Best Investment (Advisor)
Finding the Best Investment (Advisor) A common question that I get is “What’s the best investment?” The answer is: There is no best investment. Each investment has pros and cons. The key is finding an investment that matches what your needs are. Note: If you don’t know what your needs are, do our 5 Needs…
Read MoreEasy Money Podcast Episode 15: Annuity vs. Annuitization
A breakdown of the difference between annuities and annuitization to better help you financial portfolio. This shorter episode is important to know and understand.
Read MoreDo you know what you're paying on your investments?
When you shop for something, do you know approximately how much it should cost? Of course you do. You would know that you shouldn’t be paying $10 for a gallon of gas or $20 for a dozen eggs, and most people actively look for the best deals whether it’s coupons or sales. That’s why it’s…
Read MoreEasy Money Podcast – Episode 12: Quantifying vs. Qualifying Risk and Fees
Risks in the finance world are taken daily, but do you know how much risk you need to be taking or how much you should or shouldn’t be? Each persons risks are different to their specific needs. A 25 year old won’t take the same risks as someone who is 65 and just retired or…
Read MoreEasy Money Podcast with Don Anders: Episode 11 – Critical Mass
Understanding Required Minimum Distributions (RMDs)
Understanding Required Minimum Distributions (RMDs) If you have tax deferred qualified retirement accounts, then eventually you’ll have to start taking out RMD’s (aka Required Minimum Distributions. Qualified retirement accounts are any retirement accounts are any of the following: IRA 403(b) – TSA 457 – Deferred Comp 401(a) – Pension or Special Pay Plans 401(k)…
Read MoreEasy Money Podcast with Don Anders: Episode 10 – Good Accounts vs. Bad Accounts?
Quantifying vs. Qualifying Risk and Fees
Have you been asked a question like this: “On a scale from 1-10 what is your risk tolerance?” OR “Are you a Conservative, Moderate, or Aggressive investor?” This is what is called “Qualifying” risk tolerance. Qualifying is great for advisors looking to sell certain plans or products, because it’s a completely subjective scale.…
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