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Jake was a highly successful upper-level manager in the automotive business. He was the manager of a very large division and well-respected. His whole identity and self-worth were related to his position at work. Jake was a workaholic. He worked long hours and had no outside interests and took few vacations. He and his wife, Lynn, didn’t have children, so their whole focus was on work and themselves. They were estranged from their relatives, as they never had time for vacations nor did they take time to attend family reunions. 

How would you feel if you retired and then learned that you had been deceived all of your investing life? Are you ready to take control and learn more about investing? 

Turnover is the frequency of the buying and selling rate within mutual funds and individual stocks. Every time there is a transaction inside your mutual fund, costs are incurredwhether you have approved the sales and purchases or not. Active money managers who buy and sell frequently within mutual funds create higher costs for investors than money managers who buy and rebalance, like the Free Market Funds, which have a turnover rate of zero to twenty percent.  

Janice is 63 and scared. She is frustrated about the possibility of Social Security changing. Having terrible experiences with the returns of the retail investments in her employer’s 401(k) retirement plan, Janice now sees even more potential trouble ahead for her retirement lifestyle.

“Did I do OK?” Milly asked, as she showed me her two-month-old annuity policy. She had purchased an annuity with fifteen years of level surrender charges! I could not believe my eyes, and looked twice to make sure I was reading it correctly. She was stuck. The best thing she could do now was to invest the rest of her money to working harder, or pay the penalties and call it “investment tuition.” 

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