I love facts that challenge the conventional wisdom. That’s why this article from US News & World Report was so enjoyable to read. The “8 Biggest Myths About The Rich” were all things that I’ve heard people say when making assumptions about people with means. Here’s my take on some of the myths and what I’ve seen in my career with investors most would call rich. Continue reading “Surprising Info About “The Rich””
In talking to people all over the country about their retirement, there are two big myths I’ve noticed when it comes to Social Security. The first one (which I hear less and less) is that there’s an account set up somewhere for you that you’ve been contributing to with your tax dollars. Unfortunately, Social Security doesn’t work that way. Instead, your tax dollars are immediately paid out to current beneficiaries with the expectation that future taxpayers will pay for your benefits when you retire. Continue reading “The Biggest Myths About Social Security”
