• Reecy Aresty
    The Financial Guru

    Reecy Aresty, financial advisor, college funding expert, and author, answers questions on investments, life insurance, estate planning, IRAs and other retirement accounts, UTMA and UGMA accounts, and college savings plans in a simple-to-understand manner.


Veracity of Company Financial Reports

Do figures lie and liars figure?

Question: There’s an old saying that figures lie and liars figure. I get that feeling whenever I read company financial reports. How can I independently verify that a company isn’t blowing smoke up my skirt?

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What's a 403(b) Plan?

Question: Everybody knows about 401(k) plans. Can you discuss 403(b) plans? I think I might be eligible. Read More >>


Beer and Liquor Investment

Question: My son wants to invest in beer/liquor companies on the theory that people will always drink and will be drinking more because of the recent financial downturn. Leaving aside the ethicality of such investment, would you recommend this?

Answer: As long as the companies are profitable, and you’ve done your “due diligence,” why not?

Should I Buy Property Now?

Question: I hate to sound like a vulture, but with all the home foreclosures, there’s a lot of opportunities to pick up relatively cheap properties. Do you think now’s the time to buy?
 
Answer: In Florida, where I live, it’s a-once-in-a-lifetime buyers’ opportunity precisely because there are so many bargains on the market.

College Tuition and Tax Advantages

Question: I’ve heard of tax advantages you can get by setting up different types of college savings plans. I want to help my granddaughter with her tuition. Could you tell me where to get information on some plans that would also help me save on taxes?

Answer: For the most comprehensive info on 529 savings plans, visit SavingforCollege.com.
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