Posts by Scott Voigt, CFA, CFP®, CPA
20 Second Advisor: Lebron James and the law of the uncommon average
I love the chart below because it highlights the uncommon average return of the US stock market. Since 1926, it has returned 10% a year on average, but the road to 10% has been bumpy. Returns in any given year have ranged from as high as 54% to as low as -43%. In fact, the…
Read More20 Second Advisor: Top 10 countries to retire
Iceland Switzerland Norway Ireland New Zealand Sweden Denmark Canada Australia Luxembourg The US came in at no. 18 out of 44 countries for health, happiness, and financial security, according to the global retirement index from Natixis Investment Managers. While the list is fluid year over year, it’s fun to see a few of the top…
Read More20 Second Advisor: Potential mistakes when withdrawing from retirement accounts
If you are close to retirement, it is important to develop a withdrawal strategy that fits your needs and maximizes account values. Avoid these mistakes when that time comes: Withdrawing from your 401(k)s and IRAs first: this could cost yourself years worth tax-deferral. Additionally, it triggers taxable income that you will have to pay taxes…
Read More20 Second Advisor: What history tells us in an election year
If you are concerned about your portfolio leading up to this election, you are not alone. But I am here to bring good news. Since 1926, there have been 23 presidential elections. Out of those 23 elections, we have had 19 positive years (as measured by the S&P 500 index) and only 4 negative years.…
Read More20 Second Advisor: Does working more alleviate your problems?
According to a study from Sleep Junkie, 60% of workers who log 50-59 hours per week reported feeling overworked. More than 75% of those who work 60 hours or more said the same. Time, or not having enough of it, is the heart of the issue for overworked Americans. You may be working more to…
Read More20 Second Advisor: 20 year-old money mistakes
You are in your 20s. Oh the age where you just graduated from college, are starting to earn a paycheck, and living on your own. While the novelty and newfound freedom is fun, make sure to avoid these pitfalls in your 20s: Spending more than you make Using credit cards and not paying them off…
Read More20 Second Advisor: How will the upcoming election impact the market?
On November 3rd, millions of Americans will cast their vote for the next President of the United States. See below for the hypothetical growth of wealth for an investor who put $1 in the S&P 500 Index in January 1926. The chart lays out the political party of the President in office; red denotes a…
Read More20 Second Advisor: How to improve
Meditate Set goals Read daily Judge less Eat healthy Love yourself Wake up early Start a journal Quit a bad habit Ask for feedback Learn a new skill Believe in yourself Start a new routine Plan a new strategy Learn how to invest Don’t make excuses Stop procrastinating Review your finances IG source: @marketingmentor.in
Read More20 Second Advisor: July 15th deadline for retirement and education contributions
The July 15, 2020 nationwide deadline for filing an individual income tax return for tax year 2019 is approaching. It is also the deadline for certain contributions to IRAs, Roth IRAs, and Coverdell Education Savings Accounts (CESA). A few things to remember IRA contribution limit for tax year 2019 is $6,000. Anyone over age 50…
Read More20 Second Advisor: What are the “We gottas” in your life?
I was running with Taylor and Thad last week on the beltline. We started talking about the various things/expenses in life that always seem to pop up. We like to call them the “We Gottas” in life. Here were a few of the ones we came up with: We gotta live in this neighborhood. It…
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