Blog


May

06

2014

When is 20% not 20%

Well actually, this is kind of a trick question, but here it goes. I give you a dollar bill and the next year you lose 20% of it in an investment. The good news is the very next year you make back the 20% you lost, how much do you now have? The knee-jerk answer is “well I lost 20% but made my 20% back...

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Apr

28

2014

What Is Important to You About Your Money?

What a simple yet powerful question. Ask yourself “what is important to me about my money”. The answer will vary for everyone, yet most will be similar in nature. Answers will be very personal, honest, and sometimes passionate. The bottom line is that the answer to this question will reveal your true feelings, hopes and fears about money. I ask this question to all new...

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Apr

13

2014

Investing & Dieting have a lot in common

We are not as smart as we think! There is no question that today we know so much more about investing than we did, say 40 years ago. We have low cost investing, internet trading, infomercials running 24/7 on how to make money, and advice on gold, oil and lakefront property everywhere we turn. You name it, it’s out there. The problem is that even...

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Apr

04

2014

The Retirement We Imagine vs. The Retirement We Live

Everyday in the Midwest, we see what imagination vs. reality is like, and I am not talking about the stock market. Let’s look at something as easy to predict as the weather. How often do you hear of a 70 degree, sunny day yet it turns out to be 58 and cloudy? Practically every day it seems lately. Let’s relate this to retirement. To some...

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Mar

31

2014

The market is at an all-time high – what do I do now?

Well, that really depends on which direction you are looking. Certainly, looking backwards in time we are at or near an all-time high. The Dow Jones is sitting at 16,300, the S&P 500 is at 1,855 and the NASDAQ is at 4,226. Do you remember NASDAQ 5,000? That was 14 years ago; we still have a ways to go to get there! In most cases,...

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Mar

24

2014

Life Insurance – Cont’d

Last week we looked at the need for personal and business life insurance and how to go about determining how much protection is needed.  This week we’ll focus on the types of life insurance available, term and permanent. Term life insurance is protection for a specific period of years or offered by employers through a group plan. The costs are the lowest I’ve seen in...

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Mar

13

2014
Life Insurance – How Much and What Kind?

Life Insurance – How Much and What Kind?

Life Insurance – How Much & What Kind? How much life insurance do I need and what kind should I buy?  Do these questions sound familiar? For the past forty-five years, I have been providing clients with insight into their purchase of life insurance.  So, let’s start this blog with the question of determining a need for life insurance. The purchase of life insurance is...

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Mar

13

2014

Is The Average Retirement Age Increasing?

Many Americans appear to be giving up on retirement. It’s a sad fact, but there is evidence that seems to back this up. According to a recent poll by the Associated Press, from 2012 to 2014, the average actual retirement age among retirees rose from 59 to 62. Another recent study from Gallup projected that 80% of Americans over 50 will continue to work longer....

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Mar

13

2014

College or Retirement? Resist the Urge to Sacrifice Your Future

I know this may come off as mean and unthinkable, but I really think parents need to spend less time worrying about their children’s futures and more on their own. With pensions evaporating before our eyes and many people woefully underfunded for retirement, this should be a cause for alarm. Yet, a new study by T. Rowe Price1 surveyed 2,000 parents in December 2014 and found...

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Mar

07

2014
So You’re Going To Hire a Financial Advisor

So You’re Going To Hire a Financial Advisor

My Top 10 Items to Consider  After much self-examination and thorough analysis, you have decided to hire a Financial Advisor – Congratulations, now let the fun begin…. I happen to be sitting on the other side of the fence, yet I will attempt to give you some unbiased suggestions for what to look for when seeking out professional financial help. As David Lettermen does it,...

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