Dr. Harold Wong Warren Buffett currently ranks as the eighth wealthiest person in the world with $133 billion. Buffett’s net worth would rank him much higher if he had not donated $51.5 billion to charitable causes, placing him at the top of Forbes’ 2023 list of America’s most generous philanthropists. Source: June 23, 2023, Forbes…
Tag: Dollars and Sense
Features, September 2023
Dollars and Sense: Secure Your Financial Future: Lessons from Warren Buffett
Dr. Harold Wong According to a recent Forbes magazine ranking of the world’s billionaires, Warren Buffet is ranked number 6 with $117.4 billion net worth. He has many famous rules about money, and this article will share his #1 Rule and how it has guided his investment philosophy for over 50 years. Rule #1: Never…
Features, June 2023
Dollars & Sense: Add Millions of Net Worth by Large Roth IRA Conversions
Dr. Harold Wong I have attended hundreds of financial seminars over the last 50 years and have never seen economic opportunity/cost benefit analysis mentioned. The world of investments states that to get a higher rate of return, you have to take higher risk. What if you could become a multi-millionaire by the huge economic opportunity…
Features, May 2023
Dollars & Sense: Stay in the Stock Market or Get Out?
Dr. Harold Wong CNBC published an article by Jesse Pound and Samantha Subin: “Stocks fall to end Wall Street’s worst year since 2008.” Should you pull most of your financial assets out of the stock market or stay in? Jeff and Mary Jones are a married couple, both age 60 and planning to retire at…
Features, April 2023
Dollars & Sense
How to Retire Happy, Even with Big Inflation! Dr. Harold Wong Inflation in 2022 hit 40-year highs, and how will you retire well, even if we have continued inflation and a recession in the next few years? Case Study: I met Joe, age 63, and Judy, age 65, in June, 2019, at a seminar I…
Features, March 2023
Dollars & Sense: Three Advanced IRA Strategies Aren’t Used Enough
Dr. Harold Wong There are three advanced IRA strategies that are rarely used. The Roth IRA allows tax-free income from your investments. The Multi-Generational IRA can double income for your heirs. The Self-Directed IRA allows you to invest in alternatives (such as direct real estate, equipment leasing, and private lending) to Wall Street investments. Ticking…
Features, June 2021
Dollars and Sense: Upgrading Dad’s Retirement
Holly Revenig, Certified Reverse Mortgage Specialist First, let me say that I love my dad, and he’s one of a kind. But we argue about the fact that he still carries an old flip-phone and won’t trade it in for a smartphone. At 77 years old, he refuses to update his phone, because he admittedly…
Features, August 2016
Dollars and Sense
Newly single? Keystone Law Firm offers 5 financial protection strategies to help When you find yourself newly-single again, there are so many emotions and concerns to consider. Your financial health could be flung into your face or if it hasn’t been, you could be thinking of many other things instead. Unfortunately, during these times, regardless…
Features, January 2016
Dollars and Sense
Editor’s Note: “Dollars and Sense” is a new column in the Sun Lakes Splash dedicated to financial issues. This column is designed to provide accurate and authoritative information on the subject of personal finances. The publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to…
Features, November 2015
Dollars and Sense
Investing in the current economic climate Jim Gentrup, CFA The one thing that is a constant in today’s economy is uncertainty. Overall GDP growth in the U.S. is a paltry two percent, and our aging population may create a drag for years to come. This underscores the need to search for those parts of the…