News & Articles on Wealth Management

News & Articles

Timely articles from Marc...
Helping in your investing journey.
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The Backdoor Roth IRA: A Strategic Tax Planning Tool for High-Income Earners

The Backdoor Roth IRA offers high-income earners a legal workaround to access the benefits of a Roth IRA, despite IRS income limits. By contributing to a Traditional IRA first and then converting those funds to a Roth IRA, investors can achieve tax-free growth and withdrawals in retirement. This strategy provides tax diversification and flexibility, though it comes with complexities like the pro-rata rule and potential legislative changes. Proper planning with a financial advisor can help maximize the benefits of this powerful retirement savings tool.

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The Widowhood Penalty: Neglecting Spousal Financial Planning

This article delves into the phenomenon known as the widowhood penalty, where many women face financial challenges after the death of a spouse. It examines various factors contributing to this issue, including traditional gender norms, psychological barriers, human biases, blended-family complexities, and financial literacy deficits. The consequences of the widowhood penalty are severe, with solutions ranging from cultural shifts and financial education to open conversations and professional guidance.

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Why Stoics Are Better Investors

Explore the enduring appeal of Stoicism, an ancient Greek philosophy, and its practical application to investment principles. From focusing on controllable factors to managing emotions and embracing simplicity, discover how Stoicism aligns with successful and resilient investing. Learn valuable insights from Stoic philosophers and apply their wisdom to build a strong foundation for financial well-being.

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Don’t Be Distracted by Alternative Investments

In this blog, Marc Daner scrutinizes the allure of alternative investments and sheds light on their drawbacks. The article delves into the definition of alternatives, their popularity, and the downsides associated with them. Notable issues include lack of liquidity, limited transparency, high fees, and often unimpressive performance. Through analyses of diverse studies, the article questions the need for alternatives in a well-diversified portfolio. It advocates for a simple investment approach based on sound academic principles, focusing on factors such as global diversification, low fees, and customized portfolios.

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Inexpensive vs. Expensive Investing

Daner Wealth Management emphasizes the significance of low fees and simplicity in investment strategies, promoting the idea that paying more doesn't necessarily guarantee higher returns. With a focus on frugality and academic research, we advocate for the use of index-based funds, underlining the effectiveness of cost-effective approaches in wealth management.

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A Millennial's Guide to Building Wealth

Millennials face unique financial challenges, from student loan debts to rising housing costs. However, this blog provides a comprehensive guide to help them achieve financial success. It covers essential topics such as creating an emergency fund, buying insurance, investing wisely, and the importance of time as an asset. Additionally, it emphasizes the role of financial advisors in setting goals and planning for a secure future.

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The Hidden Dangers of Retirement: Beyond Financial Security

Retirement is often associated with financial security, but this article delves into the less-discussed challenges that retirees may face. Loneliness, low self-esteem, and "grey divorce" can significantly impact mental and emotional well-being in retirement. The article provides valuable tips for coping with these issues and highlights the role of a compassionate financial advisor in holistic retirement planning.

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How to Spot Financial Abuse and What to Do About It

Financial abuse often accompanies domestic violence, silently entrapping victims through manipulation and control over finances. This comprehensive guide delves into the insidious nature of financial abuse, offering insights into recognizing signs, understanding its impact, and seeking assistance. Discover how a knowledgeable financial advisor can play a vital role in protecting against financial abuse and empowering victims to regain control of their lives

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Can a Financial Advisor Facilitate a Happy Marriage?

In this insightful blog, financial advisor Marc Daner reflects on the factors that contribute to a successful marriage. Drawing from his experience, he explores the connection between transparent communication, joint decision-making, estate planning, regular financial reviews, and building trust in relationships. By understanding the pivotal role of finances, couples can work together towards a happier and more fulfilling marriage.

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Common Myths About Dividend Paying Stocks

Dividend-paying stocks are often viewed as a stable and reliable investment option, but in reality, they are not always a safe choice. This blog post explores some of the common myths surrounding dividend-paying stocks, including their perceived stability, lower risk, superior long-term returns, diversification, and source of returns. By debunking these myths, the post helps investors make better-informed decisions.

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Avoid These 5 Retirement Mistakes

The blog outlines five common mistakes people make when planning for retirement, including not saving enough, failing to diversify investments, taking Social Security benefits too early, not planning for healthcare costs, and failing to have a retirement income plan. The blog provides practical tips and advice on how to avoid these mistakes, including saving a minimum of 15% of pre-retirement income each year, using tax-advantaged retirement accounts, diversifying investments, delaying Social Security benefits until age 70, planning for healthcare costs, and developing a retirement income plan.

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Is Real Estate Investing Right for You?

In this blog post, Marc Daner of Daner Wealth explores whether real estate investing is right for you, considering factors such as liquidity, portfolio diversification, and various investment types. He discusses the pros and cons of real estate investments and emphasizes the importance of consulting with a financial advisor to determine the best strategy for your unique situation.

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Ignore Short-Term Market Events

In the blog post, Marc Daner advises investors to ignore short-term market events and focus on long-term investment strategies. He highlights the resilience of the stock market despite various crises and warns against emotional reactions to market fluctuations. Instead, Daner recommends diversifying your portfolio, seeking bargain stocks during market declines, and maintaining a long-term investment plan to build wealth and minimize stress and volatility in your portfolio.

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Lessons Learned From Millennials

In this blog post, we explore the financial habits of millennials and how we can learn from their exemplary behavior. From saving early and prioritizing debt payments to using technology to manage finances, there's a lot we can adopt to help us reach our financial goals.

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The Terrible Track Record of Wall Street Forecasts

We examine the terrible track record of Wall Street forecasts. We explain why it’s impossible to make predictions about the future and discuss the pitfalls of relying on analysts who often have conflicts of interest, suffer from decision fatigue and recency bias, and can't anticipate factors impacting earnings.

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