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Time IS Money!

Time is Money. Thus, time is another valuable resource often overlooked when it comes to another resource – money. So … let’s take a look at what this may translate to. This should be insightful for you – or your children, grandchildren, or any other person important to you too. We like to spend as much […]

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past present future

“The Personality Trait That Predicts Financial Health” @ThinkAdvisor

How you view your past, present and future appears to have an impact on your financial health. Here’s a great summary “The Personality Trait That Predicts Financial Health – Study finds it’s critical for financial advisors to understand how their clients think about time” By Gil Weinreich, ThinkAdvisor . Key points in Weinreich’s article: “Zimbardo — an emeritus […]

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Are You Headed for Retirement Disaster?

Gone are the days of work, golden watch and retirement with a pension. Few companies offer pensions today and government workers are also being shifted to retirement savings plans where they contribute instead of being solely employer based. Longevity was shorter when pensions were the rule so the pension plan was on the hook for […]

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How do you picture retirement?

Most people mentally picture getting to, and then through, retirement as a straightforward and linear path. Of course, that is desirable. But is this a realistic expectation? Some advisers may suggest the top path is possible by emphasizing “safety first.” This comes from Social Security and/or a pension (if you have one like your grandparents had). […]

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Oops – Did you forget about this in your estate plan?

You’ve done a good job and have your estate plan in place with all your needed documents. What else needs to be done? Nothing – unless – you have young adult age children (over the age of majority, depending 0n your State, age 18-21+). What happens when they’ve had a serious accident or worse? I know – hard […]

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financial literacy

Summer Money stuff for teens – when they’re bored

School’s out. For most, after about the second week, they’re bored! I’m often asked what are good resources for parents to help teach their children about money and personal finance. Here are 7 ideas compiled by Wall Street Journal: Financial Reading Your Teen Wont Tune Out – Books on Amazon: 1000 Smart Money Secrets […]

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Mind Games by Elaine Floyd

Your perspective on things greatly influences how you decide. Here’s a great letter to advisers from Elaine Floyd that illustrates this … good choices require proper perspective. I added emphasis to main points below. “Mind games Dear Savvy Social Security Advisor, I’m always amused when I read academic papers that draw conclusions from multiple studies […]

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Are the markets rigged? Yes and No.

The media has been is an up roar about the most recent 60 Minutes interview with author, Michael Lewis. In the interview, Lewis claims that the stock market is “rigged” due to the high-frequency trading. We have come a long way (since markets of yester-year)! My concern about this perception is that investors who need to […]

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What States have Inheritance and/or Estate Taxes?

Most people are aware of the Federal Estate tax. Most people are unaware that many States also have their own STATE Estate tax, and a handful of States have a STATE inheritance tax. What is an inheritance tax if it is not an Estate tax … in other words, what’s the difference? The main difference is that an […]

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2014 tax rates

Myth – Your taxes will go down in retirement

This thought is so wide spread it is commonly accepted as truth. In fact, this seems to be so ingrained it is almost an excuse not to have to save that much for retirement  … “Why save so much when taxes will be less?” So why do I say this idea is a myth? Let’s walk through this by starting […]

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