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Reflecting on My First Year of Retirement by Scott Stolz, CFP, RICP (week 53)

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  Tomorrow will mark the one-year anniversary of my retirement.   It therefore seems natural for me to reflect on how I’m handling this next stage of life.   I’m going to apologize in advance that this blog is likely to get a bit philosophical.   Overall, I think I’ve handled the transition into retirement really well.   As I’ve mentioned in previous blogs, there is a lot to like about retirement.   Mostly it’s the new freedom and flexibility to do things I didn’t previously have time to do.   And a very close second is no longer having to do things I really didn’t want to do but had to do.   Things like back-to-back-to-back zoom calls and annual performance reviews.   But there has been a downside – at least for me.   In a way, I’ve gone through a period of mourning, because there is no doubt that I’ve lost a part of my identity.   Prior to joining Raymond James to lead its insurance and annuity division, I worked for 3 dif...
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Treasuries vs. CDS - How about a MYGA instead? by Scott Stolz, CFP, RICP (week 52)

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  Charles Schwab recently published an article entitled “CD or Treasury?   5 Factors to Consider” ( CD or Treasury? 5 Factors to Consider | Charles Schwab ).   I’ve never owned either in my life, and I probably never will, but I was still curious to read about how they positioned these two safe money alternatives against each other.   The article contained the chart below comparing yields on both options at various maturities.   Given the similar yields, I was not surprised that the article focused mostly on the differences in liquidity and taxes.   Since treasuries can be more easily bought and sold and are also exempt from state income taxes, Schwab gave a slight advantage to them over CDs.   In the end, their advice was to build a ladder of various maturities no matter which option you chose.   The article also correctly advised investors to hold “…a CD or Treasury to maturity.”   While I have no issues with the analysis outlined in ...
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