Entries by Roger Gainer

Latest IRS Scam

As the April 15 tax deadline approaches the frequency and variety of scams relating to taxes are picking up. A few weeks ago, when I walked into our house after work, Davi (my wife) had a very worried look on her face. “Are we in trouble with the IRS?” she asked. “We got this message and I am nervous.” So I listened to the message and I could understand her concern. The voice, with a thick Indian accent, said that we owed taxes and if we didn’t pay right away there would be serious consequences, even jail and forfeiture of our home and other assets. The caller ID identified the number as the IRS and was from the 703 area code. I told her that the IRS doesn’t call people and demand payment. They send letters before any phone conversations take place. A couple of days later, I read an article in the local paper about this scam and a few days after that, we received 5 more threatening messages, all left one after another, each more ominous than the last.

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Financial Planning and You: Three things we can all learn from Chris Borland’s Retirement

You may have heard this week that Chris Borland retired. Why is this important and what can we learn from his decision? Well first, you need to know who he is. Chris Borland is 24 years old, which may seem a bit young to retire. He retired from the San Francisco 49ers football team. He cited concern over long term negative health effects from playing professional football.

What Investments Should I Use in My 401k?

I find that most people I meet are not sure how to invest in their retirement plan and they definitely don’t understand the choices being offered by their plan at work. This is why so many opt for a so called “Target date fund” that has a date near to their expected time to retire. Ah, if it were only that easy.

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What is the Best Way to Save for Retirement?

Has this question ever crossed your mind? If not, it should. Too often, folks just move to the automatic answer to this question; they tell me, “I save in my employer’s 401(k)” or similar plan. “If deposits can come from my paycheck, so much the better”; is a response I hear a lot as well. This answer is much better than not saving at all, but the question is whether this is the best way to save for retirement.

What is Your Financial Theme for 2015?

Growing up in Chicago, every year Ernie Banks would open spring training with a slogan; “the Cubs will be great in ‘68” or “the Cubs will be fine in ‘69” to name a few. Over the last few years I have been creating a Theme for myself each year. It has great value toward accomplishing things and being a great stress reliever.

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5 Steps to Financial Fulfillment in 2015

As 2014 closes and we look toward the New Year I would like to ask you; how are you feeling about your financial situation? Are you confident, confused, or concerned? I know the last few years have been tough for many and, if you are reading the news, the fiscal cliff is staring everyone in the face next week. Yet, despite the doom and gloom, many of my clients and associates are thriving. They face the future with confidence and optimism. Having the perspective of nearly 30 years in financial services and having had the pleasure of meeting and working with hundreds of folks during that time, I wanted to share some observations that may help you excel in 2015 and beyond.

What do Tic Tac Toe & Financial Success Have in Common?

I want you to take a moment and think back to the first time you played Tic-Tac-Toe. Can you see it? Who won? My guess is probably the person who showed you the game. Would you lose (other than on purpose) a game of Tic -Tac -Toe today? Why not? It’s because you now know how to play the game, you learned the rules!

How Hard is Retirement Planning?

It sure can seem overwhelming, putting together a plan to retire. After all, it’s a long ways away….until it isn’t! I have been assisting folks in making that transition for nearly 3 decades and have learned a lot about what that means and how to make a successful transition to “the good life”.

Take Time to be Thankful This Thanksgiving

Every year that goes by these days seem to be shorter. Life has become so busy, hectic and crazy for most of us that time seems to accelerate. I hope you have some time over the holidays to remember all the great things in your life and to just enjoy who you are and where you are at. I know how hard it is to take the time for those things like family, friends, hobbies and ourselves. I know how “caught up” I can get, to the point where it is easy to feel overwhelmed and out of sync.

Are You Headed to a Secure Retirement?

Stockbrokers and most people who call themselves financial planners or financial advisors understand the wealth building process but have a difficult time converting those assets to the new reality of a retired person. Once retired, you can’t afford to lose capital, you need to keep pace with inflation, you must have a plan for the risks to your wealth (like health care and long term care costs) and you need the peace of mind that you won’t run out of money. Only then will you be able to relax and enjoy the retirement you have worked so hard to achieve.