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Wealth Management Services In Traverse City

The IRA Advantage of a Low Tax Bracket

December 15th, 2014

What’s worse than paying taxes? Not paying any taxes at all and wasting a great opportunity.

Suppose 2014 is a year when you’ll have little or no taxable income. Perhaps you’re out of work. Maybe you just retired, and you haven’t yet claimed Social Security or tapped your retirement accounts. Instead, you’ve been dipping into your savings account to buy groceries.

My advice: Before year’s end, take advantage of your low tax bracket by converting part of your traditional individual retirement account to a Roth IRA. It could make your retirement less taxing and your heirs a whole lot happier.

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Shockingly boring millionaire investing secrets

December 15th, 2014

If you want to invest like a millionaire, be boring. Don’t chase exotic stocks. Don’t try to hit home runs in market.

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Written By: Eric Rosenbaum


16 Rules for Investors to Live By

December 5th, 2014

A great list of fundamental and often overlooked truths.

Steve Fisher, CFP and partner at Independent Wealth Management says number 6 is one of his favorites.

6. Things change quickly and more drastically than many think.

Example: Fourteen years ago, Enron was on Fortune magazine’s list of the world’s most-admired companies, Apple was a struggling niche company, Greece’s economy was booming, and the Congressional Budget Office predicted the federal government would be effectively debt-free by 2009. There is a tendency to extrapolate the recent past, but 10 years from now the business world will look absolutely nothing like it does today.

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Written By: Morgan Housel



A Smart Way to Include International Stocks in Your Portfolio

November 26th, 2014

Last week, Jason Zweig made a persuasive case for going global. Valuations are indeed attractive, but there is yet another argument to be made in favor of including international stocks in a portfolio. It revolves around both diversification and, in a way, market timing.

The diversification argument is simple. Living in a global economy as we do, I wouldn’t consider limiting my stock buying to only my home state or country, and neither should you. In fact, I’d diversify into interstellar stock markets if I could. The argument that we get enough international exposure by owning U.S. stocks which do business overseas is flawed, and gets me to my second argument, market timing.

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Written By: Allen S. Roth


Michael Hasenstab Bets Big in Controversial Places

November 21st, 2014

Franklin Templeton mutual-fund manager Michael Hasenstab is a workhorse at finding the best bond returns in controversial places like Ukraine and Hungary.

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Written By: Matt Wirz


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