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Dennis Miller Millers Money Forever Investment Newsletter

We were excited to begin our Millers Money Forever review as soon as the investment newsletter came out with its inaugural issue because we are personally well aware of what the typical retirement portfolio is struggling with over the last few years.

Anyone who had money in bank CDs was faced with renewing any maturing CDs at dramatically lower interest rates than the ones they were replacing.

In the case of Dennis Miller, the founder and editor of Millers Money Forever, the bank actually CALLED IN his CDs before maturity. This is something that we realize is in the fine print of most bank certificates of deposit but had never heard of that actually happening!

The Retirement Dilemma

Anyone with just a basic understanding of investing or retirement planning knows the basic formula that will come into play at retirement.

Barring a nice pension, forgetting about social security (if you are under 55 its in question, believe me), what you have to live on is your retirement portfolio income and whatever principal you feel you can safely spend.

Unless you have a LOT of principal or dont expect you or your spouse to live very much longer, spending the  principal is a dangerous game. You need to reinvest at least the rate of inflation just to stay EVEN in purchasing power.

That leaves us the EARNINGS on your retirement investments. Now that CDs pay less than even the governments pie-in-the-ski inflation figures, and long term bonds about the same, if you want any money for SPENDING on necessities, let alone enjoyment, you need a better return on your retirement dollars.

The Retirement Reboot

Dennis Miller came up with the idea of Millers Money Forever based on his own retirement reboot, where he took stock of his retirement assets and re-deployed them based on the new reality of investing post 2008.

What he came up with literally saved his retirement years for himself and his wife to continue to do the things they wanted to do, like see their grandchildren.

The research Dennis started to do let him to investments that would pay a reasonable dividend or interest payment while being non-volatile enough so that he could still sleep well at night.

After all, retirement is not the time to be taking undue risks with your money.

Yet return is still tied to risk and there is always a certain element of risk of one type or another. What Dennis and his team do now is make sure that the risk is a low, appropriate level for retirement dollars and that the return is commensurate or above that level of risk.

Face it, 1.1% on a 5 year CD is NOT a reasonable return even for a low risk investment. Even if the CD is FDIC insured, there is purchasing power risk that is literally guaranteed as long as we live in a world of inflation something the Federal Reserve has stated and proven is its #1 goal to NEVER enter a world of deflation.

What You Get With Millers Money Forever

When you subscribe to Millers Money Forever (which is risk-free, by the way) there are some really nice bonuses you will get; but Im not going to concentrate on that.

I think what most people are more interested in is getting timely, well thought out and appropriate buy and sell recommendations for dividend paying stocks or investments worthy of a retirement portfolio that works as hard for you as what you did all those years to build it.

Unlike Mauldins Yield Shark. the Millers Money Forever portfolio is filling up fast.

The stocks and other investments are clearly listed, and I even see one from time to time clearly labeled as HIGH RISK. Im not entirely sure why they even include these but at least the RISK LEVEL is clearly marked.

The Money Forever Portfolio, also unlike Yield Shark, lists the stop loss amount also, along with total dividends received so far and projected yield.

The one investment class I might take issue with is the World Currency CDs from Everbank. Not only is the yield near to non-existent (theyre hoping for currency appreciation)

We have done business with Everbank world markets in the past and been happy with their service. The problem, though, is four fold to us:

1. The conversion spreads to buy a foreign currency, then convert it back into U.S. Dollars leaves you with a somewhat nasty deficit to overcome via yield and exchange rate gain (or loss). Note Everbank claims some of the best conversion rates.
2. There are minimums to these CDs and, last we knew, could vary depending on the currency.
3. You never know the exact exchange rate you get until after the deal is done. You need to call early in the morning and then you get the rate of the one company-wide trade done later in the morning. Call too late and you get NEXT DAYs rate.
4. The rate of return on these CDs is not always as high as you might find in an ETF of that same currency. Right now the rate paid on FXA (Australian Dollar) is about 80% higher than the Everbank CD.

When possible you might explore the currency ETFs, though not available for all currencies and MAY have adverse tax reporting issues; but you can buy as many shares as you like, with a limit order for the price you like, then sell at an instants notice with an online broker.

Besides all of that, past issues of Millers Money Forever have included guidance on selling gold jewelry (hint: dont fall for the we buy gold signs), information on macro economic trends that you should be aware of, and read answers to subscribers questions which could be your own!

Millers Money Forever Review Summary

First off, there is not a reason in the world not to subscribe to Dennis Millers FREE newsletter. If you arent yet convinced that Millers Money Forever is a good fit for you, then follow along with Dennis each week and get a feel for the type of investor he is and how he will help keep an eye on your retirement dollars.

After that, we feel that the track record albeit short that he has compiled so far is pretty impressive as compared with his peers or, better yet, than you doing nothing!

As mentioned above, you can follow his trades on any level of risk you feel appropriate and know that his research team will guide you not only on what to buy and at what price, but also WHEN TO SELL a key component of investing that many do not take into consideration.

Remember that all Casey Publications, which Millers Money Forever is, come with a risk-free guarantee. If you are not satisfied then just contact them within 90 days and they will get you taken care of. But with this investment newsletter I dont think you will have refund on your mind.

Take a closer look at what Millers Money Forever can do for your Retirement LIFESTYLE

Please leave us a comment with your thoughts on Retirement Portfolio investing and/or Millers Money Forever