You are back home celebrating the 4th of July holiday with your elderly mother. She has always bought fireworks for the grandkids, but this year she is hesitant. When pressed, she acknowledges that money is just a little bit tighter this year. As far as you know, nothing has changed in her financial situation, so […]
Financial Elder Abuse: 5 Easy Ways to Protect Your Loved Ones (or Yourself) Read More »
Rules of thumb can often provide guidance in the complex world of personal financial planning. While almost all rules of thumb were originally based on a form of sound and practical financial advice, blindly following these common principles can lead to negative outcomes. Whether it’s saving for retirement, budgeting for children, or managing your portfolio,
Four Retirement Rules of Thumb to Avoid Read More »
Taxes are likely the single biggest expense you have in your lifetime. While complete tax avoidance is nearly impossible for middle to high income earners during their earning years, with careful planning streams of tax-free income can be created in retirement. By leveraging these options, you can significantly enhance your financial security all while lowering
Four Options for Tax-Free Income in Retirement Read More »
When setting out to create your investment portfolio, maintaining a well-balanced portfolio is critical in helping to maintain your long-term financial goals. I gave an introduction to the concept of asset allocation in my blog Asset Location vs. Asset Allocation, but stated simply, asset allocation is the process of dividing your investment portfolio among different asset
Portfolio Rebalancing: How Systematic Rebalancing Leads to Higher Risk-Adjusted Returns Read More »
As many of you reading this blog probably know, I have six children who range in age from nine to nine months. Obviously, our kids are still young, so the jury is still out on whether we have raised financially responsible children, however we have had some recent wins in the teaching money values department.
Practical Tips for Teaching Kids About Money Read More »
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it
A Tale of Two Advisors Read More »
Retirement is a time of life that many people look forward to. After years of hard work, it’s time to relax and enjoy the fruits of your labor. However, before you can truly enjoy retirement, it is important to answer the simple question that most keeps pre-retirees up at night: Do I have enough to
Do I Have Enough to Retire? Read More »
With the recent failures of Silicon Valley Bank, Signature Bank, and most recently, First Republic Bank, consumers have been left to wonder about their own funds and the inherent safety nets built in to protect their assets. The Federal Deposit Insurance Corporation (FDIC), Securities Investor Protection Corporation (SIPC), and State Guaranty Associations (SGA) each play
FDIC, SIPC, and the State Guaranty Associations Read More »
Often we hear about the tax loopholes that millionaires and billionaires are taking advantage of while the average Joe is left holding the bag. This is generally a mischaracterization, as these millionaires and billionaires are subjected to the same tax code as the rest of us. They simply take advantage of the tax code either
Tax-Loss Harvesting: The Tax Loophole You Are Missing Out On Read More »
With Tax Day falling on my blog release date, I decided to write something a little different. While the aim of most of my blogs is educational, the primary goal of this is to be humorous. I hope you enjoy An Ode to Tax Day: A Poem On April 15th, or the nearest business dayWe