Sep
28
2016
Tag: Saving Money
Jun
09
2016
Caring for Cognitive Impairment
Listen to our Radio Show on this Topic! When I ask the question “How many people in this room know of someone with a cognitive impairment?” at a workshop, it is common to see almost every hand go up. Cognitive impairment is a growing concern for many. One of the most frightening, especially given how we are an aging country, is Alzheimer’s disease, a neurological...
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Apr
06
2016
So you want to retire early? Follow these steps to success.
There are two main components to a successful retirement, “emotional” and “financial” preparedness. Having both at retirement is the ultimate goal. I see people who are ready to retire emotionally, they just don’t have the money. I’ve also seen the other side of that equation. To retire early it’s even more important to have both. Here are a few steps to follow: 1) Reduce or...
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Feb
24
2016
Will Rising Interest Rates Affect Your Pension?
If you’re getting close to retirement and have decided to take monthly payments from your pension, then rising interest will have little impact (today) on your decision. However, if you’re considering or have been offered a lump sum payment, rising rates can make the timing of your decision critical. Or as Donald Trump says, “This will be HUGE.” Most pensions will use the present value...
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Feb
09
2016
Getting Your ‘Better Half’ Involved In The Finances
Getting your spouse to be as excited about finances as you are may be a tall task. However, it is critically important that both parties get actively involved in the planning process. Here are a few tips you should consider when you are trying to convince your better half to be involved with your finances. Don’t pressure them: If at first you don’t succeed, instead...
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Dec
16
2015
It Pays to Stay!
It’s easy to let the emotions of greed and fear drive our investment decisions. I once heard another financial professional say, “We don’t have people with investment problems, we have investments with people problems!” I do see some truth to this. To be fair though, it’s easy to see why investors repeat bad investment behavior. After all, we are human. I mean, if somehow we...
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Dec
09
2015
Tis the Season to Gift
With the holidays heading into full gear, I wanted to discuss a few strategies available to those who are charitably inclined. Of course, you can gift $14,000 to anyone you wish annually, but these strategies are geared to benefit charities specifically. Please discuss these concepts with your tax professional as I am only covering the key distinctions and not providing advice. Charitable Remainder Trust (CRT)–allows...
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Dec
02
2015
What is “Comprehensive” Financial Planning?
It used to be you walked into your stock broker’s office, handed over your hard earned dollars, and said, “Make me some money!” Like many things, times have changed and just trying to make you money is no longer an appropriate goal. For one thing, that goal is not unique to your situation as it applies to everyone. Comprehensive Financial Planning is about building wealth...
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Oct
13
20154 Money Lessons For Every College Student
College is more than just getting a diploma and locking up your dream job. If you don’t learn some basic money strategies, managing your finances will become more difficult no matter how much you earn. As I have said for years, “It’s not what you earn that determines how financially successful you will be, it’s what you don’t spend!” Here are a few tips to...
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