Many of the investing principles presented in my books is what a lot of brokers, financial advisors, insurance agents, big mega-banks, and Wall Street don’t want you know: You can manage your own plans and quite possibly outperform them all! Taxed advantaged accounts like employer-offered 401(k) type plans, Roth and Traditional IRAs, and Health Savings Accounts are the low hanging fruit of the investment world. You’ve got to max these out before you even think about investing anywhere else.
Why? Everything else being equal, you’ll earn a higher after-tax rate of return in taxed advantaged accounts than in regular taxable ones. Combine those accounts with an investment plan and low fees, and you’ve got the most effective investment weapons on the planet! You don’t need an expensive broker or financial advisor to invest in these accounts. It’s better to keep your costs super-low and invest those commissions and fees. That will make a huge difference over time and is probably a lot easier than you think. All you need is a bit of interest, the want to grow rich, and some motivation to get started.
I publish electronic and print-on-demand books for a reason: I edit all applicable books as necessary, giving you the most up-to-date information. For example, you'll find all the latest regarding the changes in tax and estate rules per passage of the Tax Cuts and Jobs Act in my publications, not outdated 2017 and earlier information that is no longer relevant. Through my books, live seminars, and webcasts, my only goal is to help you better understand these sometimes confusing topics. Whether you are a do-it-yourselfer or just want to get a handle on your advisor's recommendations, be assured the information I deliver is current and free of conflict.
I love teaching and writing, and I have a Master’s degree and Certified Financial Planner® status. That’s why I enjoy explaining these sometimes hard-to-understand financial planning-related topics. My wife Katherine and I settled in Sonoma County, California, where we raised our two kids and still reside. Besides teaching and writing, I enjoy hanging out in the garden and spending time with family and friends.