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Top 5 Mistakes Millionaires Made With Their Investments

Top 5 Mistakes Millionaires Made With Their Investments In a study of 880 global high-net-worth clients, deVere Group asked respondents to identify the biggest investing mistakes they made before they decided to get help from a professional: Focusing too much on historical returns Not reviewing the portfolio regularly Making emotional decisions Investing without a plan Read more

June 4, 2014
Setting Automatic Alerts on the Meyers Wealth Management Client Site

Clients of Meyers Wealth Management have the opportunity to use our powerful online financial planning software and financial dashboard. It offers our clients aggregation of account data from many outside sources, reports generated on-the-fly regarding client investments and other planning issues. Additionally, clients are welcome to use the budgeting features (whether they share that level Read more

April 30, 2014
Delaying Social Security – if you can afford to – is a great deal

I’ve written about this many times, the most recent time here: <https://meyersmoney.wordpress.com/2012/11/29/delaying-the-start-of-social-security/> Wade Pfau, however, one of the foremost experts on retirement and getting one’s investments to last through retirement – has written a great column in Forbes about the issue: <http://www.forbes.com/sites/wadepfau/2014/04/01/delaying-social-security-what-an-investment/?ss=personalfinance> I couldn’t have said it better myself. Read more

April 29, 2014
The Seven-Figure Portfolio Fee

Wall Street Journal recently published, in their WSJ.Money magazine, an article titled “The Seven-Figure Portfolio Fee”. Here’s a link to it: <http://online.wsj.com/news/articles/SB10001424052702304250204579433392421114838> The subtitle is “The cost of managing finances is coming down for many investors. But, for the wealthy, it’s a different story. They proceed to discuss just how much assets-under-management fees add up Read more

April 11, 2014
Sometimes 401(k) plan fees are so high that you’d be better off investing in a taxable account

Via Rick Ferri — <http://www.rickferri.com/blog/investments/dont-bother-with-that-high-cost-401k/> A 401(k) plan is broken when the fund expenses overwhelm the tax benefit of participation. Employer sponsored 401(k) and similar tax-deferred savings plans encourage employees to save for retirement by deferring income taxes on their contributions. However, a recent study suggests that about 1 in 7 plans provide investment Read more

March 20, 2014
Professional Portfolio Management – For Free

In another great column at the WSJ, Jason Zweig talks about some of the new breed of online, computerized portfolio management packages. These providers, for a very low fee (as little as free for the first $10,000, up to about 0.25% per year ongoing), will invest your money into efficient low-cost portfolios of index funds Read more

March 8, 2014