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How to Get Rich

 

So, I got your attention!

How would you do it? Buy gold, Bitcoin, NFTs, a lottery ticket?  Might work, but a slow and steady approach has a better chance of success. And what sort of financially rich – rich enough to not worry about money, or rich enough to sail the world? Either way, here are a few tips that will help you reach your goal.

 

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Starting 2021 With Proper Investment Objectives

 

The onset of a new year represents an ideal occasion for investors to take the important time to review the investment objectives of their investment portfolio(s).  Investment objectives focus on the accepted risk-return tradeoff between the expected return investors want (return requirements), and how much risk they are willing to assume (risk tolerance).  This then determines the asset allocation (cash, fixed income, stocks, other), portfolio diversification, income generation, risk and tax positioning.

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Warren Buffett Investing Tips

 

Long time readers know that I am a huge fan of Warren Buffett. I have made the pilgrimage to Omaha three times for the Berkshire Hathaway annual shareholder meeting, and I am always impressed with the practical wisdom shared by “The Oracle from Omaha.” Here are some of my favorite Warren Buffett investing tips you can use when planning your investments. – by Eric Rosenberg, Personal Profitability, a personal finance and entrepreneurship blog and podcast.

 

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My Four Goals

Jonathan Clements | Editor of HumbleDollar.com

 

 

I’m probably a year or two away from regularly tapping my portfolio for income. That prospect—coupled with this year’s market turmoil—has led me to tinker with my investment mix and ponder how I’ll generate cash once I’m retired. One surprising result: I have more in stocks today than I’ve had at any time in the past three years, and I’m thinking of increasing my allocation even further.

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The Newly Enacted SECURE Act is a Game-Changer

Nothing lasts forever but the certainty of change.” — Bruce Dickinson

 

The passage of the SECURE Act has resulted in major changes to the tax rules governing contributions to, and required withdrawals from, qualified retirement plans and IRA accounts.

In many cases, the Act makes existing estate planning for retirement benefits obsolete.

While most of the changes will accelerate taxes on retirement assets, there are also some taxpayer-friendly changes as well.

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