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Blog

News and Articles from AFMG advisory firm to enhance your “#2ndHalfPlan”.

4 Ways the SECURE Act Affects You

The Setting Every Community Up for Retirement Enhancement Act of 2019 (aka The SECURE Act -- how they seem to reach at times to make the acronyms fit), has finally become law. The SECURE Act has several provisions in it, some encourage small businesses to start offering retirement plans to their employees, ...

Will Social Security Go Bankrupt?

And keep your retirement; And your so-called Social Security – Merle Haggard (Big City) I am a huge Merle Haggard fan, but I must admit this may be the worse financial advice ever mentioned in a song.  Social Security is the bedrock on which our retirement income is built.  How ...

Transitioning into Retirement

I hate this “official” definition of retirement. And it’s not just the dictionary that thinks of retirement this way; most people view it this way too.  My issue is that it makes retirement sound like the end of possibilities when, in truth, it is the opposite.  I choose to define ...

Dangers of Free Financial Advice

GQ magazine just published an article bashing the financial advising industry (“The Personal Finance Industry Is a Scam” ).  Given my profession, it is reasonable to assume I would have issues with a title like that - and I do.  For example, the author claims only the rich can work ...

The Secret to a Successful Retirement: Making the Unknowns Known

"There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know." - Donald Rumsfeld I remember when ...

Should I sell Today?

Near the end of the classic movie "Meatballs", Bill Murray inspires his group by telling them not to worry about the score and ends with a chant of "It just doesn't matter."  Yes, I know I skipped over a few jokes in between but for our purposes today let’s stick ...

How Will My Retirement Be Affected by the Stock Market?

“God, grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference.” – Reinhold Niebuhr Maybe you have seen the Serenity Prayer before maybe you have not.  I grew up with it as a refrigerator magnet in ...