Craig Wear Financial Group

Information may not be reliable

A recent article in The Wall Street Journal reminded me of the difficulty many have in changing attitudes and beliefs about the stock market. The writer was actually taking a similar position as this article; that the retail brokerage community and "1-800 reps "just don't get it, and that their business practices promote myths about the stock market. If you continue to hold on to the advice that worked in the decades of the 80's and 90's, you'll experience the same results as you have for the last ten years. How's that working? Thought so.
Does it seem like the financial world is upside down these days? It may seem as though the same things you used to do just don't work that well any longer. At times like this, most retail brokers offer familiar wisdom and advice that just isn't relevant in today's world. Here are a few that need more scrutiny...

Over-funding your 401k?
When you retire, you're probably going to need access to your savings, right? Why would you subject yourself to paying tax every time you have a need?

If you've saved well for retirement, the last five to ten years may be the best opportunity you have to build reserves AFTER-TAX that provide you with alot of freedom.

"A generous man will prosper; he who refreshes others will himself be refreshed." (Proverbs 11:25, NIV)