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Saturday, April 1, 2023

So, income tax season is almost over (for this year). What now?If you’re like many people, you’re just happy to have finished preparing your taxes with TurboTax (or the equivalent, if you’re a DIY-er and that’s...

Sunday, January 1, 2023

I have a small “confession” to make: even financial advisors can make poor decisions with money—and that very much includes myself. Just because I’m a financial planner and have worked in the finance industry...

Thursday, December 1, 2022

There’s a reason Americans love Roth IRAs—they come with some big tax benefits. But for some high-income earners, Roth IRAs might feel “out of reach”.But are they?As it turns out, there is a method that can...

Tuesday, November 22, 2022

Idle cash might sound like a neutral term but having idle cash on hand could mean you are missing out on opportunities with those funds, especially during times of inflation. When you have more cash sitting in your bank accounts than...

Saturday, October 1, 2022

Conventional wisdom has it that “You cannot change what you do not measure.” The quote says “measure,” but I will take a small liberty and call it monitor, or monitoring—measuring the same piece(s) of data...

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Thursday, September 1, 2022

Depending on where you work or if you are self-employed or a business owner, there are many ways to save for retirement, and each savings vehicle has its own considerations. Two of the most popular retirement investment accounts are an...

Monday, August 1, 2022

It’s common knowledge that a few companies seem to dominate the stock market year after year, catching the eyes and attention of many investors. We understand these companies can be hard to ignore! For this reason, many...

Friday, July 1, 2022

In the first article of this series, I shared the first three steps of the financial planning process I use with my clients. In this article, I will be discussing steps 4 through 7. No matter how clients come to decide that they...

Wednesday, June 1, 2022

When it comes to investing, many investors have been attracted to owning rental properties. While it may provide a steady stream of income, owning rental property is not always “passive income.” There are many things to...

Wednesday, June 1, 2022

Many people ask me, “What would it be like to work together in a financial planning relationship?” I think this is a very important question to answer because “financial planning” has become the new buzzword in...

Friday, April 1, 2022

A good benefits package is a great way for employers to attract and retain talent. Having perks like healthcare insurance, retirement plans, and even an office gym can certainly convince people to work for an employer. Some benefits...

Tuesday, March 1, 2022

During the last 25 years, while taking finance classes in graduate school and then studying for professional certifications in finance, I have probably experienced most of the traditional academic discussions about risk and return. Two...

Tuesday, February 1, 2022

With retirement comes plenty of decisions. What accounts do you withdraw from first? What Medicare plan should you use? And Social Security? That alone can be overwhelming. Even though you may be excited to start a new chapter of your...

Saturday, January 1, 2022

Eleanor Roosevelt once said, “It takes as much energy to wish as it does to plan.” I think this quote speaks to the fundamental importance of taking a proactive approach toward achieving goals, and it can be aptly applied...

Wednesday, December 1, 2021

A lot of people used to think that 4% was a safe withdrawal rate. If you only withdrew 4% of your retirement savings a year, it would be enough to last at least 30 years. This meant that if you needed $120,000 a year to live...

Monday, November 1, 2021

If you’ve been following the news lately, you’ve probably heard commentators and analysts debating about the dramatic rise of inflation and whether it is “persistent” or “transitory.” What may have...

Friday, October 1, 2021

More and more, we have been having conversations with clients discussing possible Roth IRA conversions. With very few exceptions, the primary concerns they have with converting tax-deferred dollars out of their IRAs (and those that...

Wednesday, September 1, 2021

“Should I refinance my mortgage?” This is a question I hear frequently from clients, friends, and family. It has been happening more lately with interest rates having come down so low—and now that inflation is...

Thursday, July 1, 2021

Personal financial planning can feel like a big and overwhelming topic…so big and overwhelming that it’s easier not to think about it. This is also true for the related sub-topics: investments, insurance/risk management,...

Tuesday, June 1, 2021

Finances can be a major cause of stress. Finding the time and resources to build and manage your wealth confidently can be a challenge. Even harder is understanding how to integrate your family’s values, financial circumstances,...

Saturday, May 1, 2021

Like many people, I didn’t always know what I wanted to do with my career. And in many ways, my story is one of continuing to take the next step and pursue open doors, resulting in some surprising twists and turns. Thankfully,...

Saturday, May 1, 2021

Our experiences in life shape us and can often lead us to pursue opportunities or make changes so that we don’t have to relive the past. My most durable early memories related to “finance” were 1) watching my parents...

Thursday, April 1, 2021

Often the influence of others leads us down a particular path, especially a path not anticipated. My interest and subsequent passion for helping clients with financial matters began with my father-in-law’s interest in the...

Monday, February 1, 2021

The story of recent market craziness came to the fore with the episode of GameStop. The series of events speaks to many points, not the least of which is the importance of understanding what you are doing before you take on any complex...

Friday, January 1, 2021

We have always lived in a world of unexpected and uncertain events.  The challenge is how we enhance our confidence so we can achieve the life we envision? Do we manage a portfolio or comprehensive financial structure? Are we only...

Friday, January 1, 2021

The difference between the performance of capital markets and the general economy, especially the unemployment rate, has raised many questions and made markets seem to be illusory.  In some ways this is a reasonable perception...

Tuesday, December 1, 2020

Should you pay debts first or save? Use these guidelines to decide. In the last post (“Dec 2020 – You Can Accomplish a Lot with the Right Budget”), I discussed managing your budget.  This post will suggest some...

Tuesday, December 1, 2020

This year has made demands on the finances of almost everyone.  With depleted resources, we must all have a plan to rebuild and stabilize our finances.  With commitment and time, you can manage your money even when there is...

Sunday, November 1, 2020

Paul Samuelson was one of the great American economists. He transformed the MIT Economics Department, was the first American to win the Nobel Prize in Economics and advised various presidents. Recently his son published and interesting...

Thursday, October 1, 2020

The lack of financial literacy has been a well-known issue for many years. The economic downturn from the pandemic has stressed personal finances greatly and made the issue of financial literacy even more severe. The 2018 Schwab Young...

Thursday, October 1, 2020

In my last post (“Oct 2020 – Financial Literacy”) I discussed the recent survey of financial attitudes for young adults. Here then are some ideas about managing finances which can apply to people of all ages....

Wednesday, July 1, 2020

The condition of the world today has highlighted that we not only face risks but also face the uncertainty that accompanies the turmoil caused by the risks. The economic downturn, levels of unemployment, and challenges to maintain our...

Sunday, March 1, 2020

The mere thought of retirement can be overwhelming, if not frightening. The transition to retirement comes with lots of complex and unique risks that warrant consideration. Too often these risks come misconceptions about planning,...

Sunday, March 1, 2020

We are all swept up in the turmoil and uncertainty related to the health issues of Covid19 and its consequences for travel, entertainment, and investments. World-wide the capital markets have dropped significantly causing much concern....

Saturday, February 1, 2020

The World Health Organization has declared the decade starting 2020 as the Decade of Healthy Ageing.  Actually the world is undoubtedly entering a pivotal period.  Countries all over the world face tremendous pressure to...

Wednesday, January 1, 2020

We all know that Americans as a whole do not save a lot of money. An often cited statistic is that Americans save 4% of their income. However, the latest savings statistics for 2018 shows that amount at only about 2.2% of their income...

Wednesday, January 1, 2020

We have no lack of options these days. Whether it’s choosing a restaurant or finding a doctor, there are so many choices that it’s easy to feel overwhelmed and doubt your decision. When it comes to choosing a financial...

Sunday, December 1, 2019

Believe it or not, there are actually some people unhappy that the markets have risen so much this year. These curmudgeons are skeptical and worried about a market decline. Somehow they manage to be afraid both when markets are up or...

Sunday, December 1, 2019

This year has brought a robust economy. Millions of Americans are enjoying higher incomes or new jobs thanks to the economy.  The stock market has swelled the retirement investments across the board. It has also been a year ripe...