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Fee-Only Fiduciary Advisors Comprise Less Than 2% of All Financial Advisors in the US

Posted by on Mar 13, 2015 in Fee-Only Financial Planning, Financial Plan, Investment Advisors | Comments Off on Fee-Only Fiduciary Advisors Comprise Less Than 2% of All Financial Advisors in the US

Fee-Only Advisors in the United States

Congress Makes Tax Break for Retirees Permanent

Posted by on Feb 2, 2016 in Government, IRA, Plan Retirement, Tax | Comments Off on Congress Makes Tax Break for Retirees Permanent

6080048121_00bf30d50e_bAt the end of 2015 (December 18th, 2015) Congress passed legislation that allowed Qualified Charitable Distributions from IRAs to count toward Required Minimum Distributions aka RMDs.  This change was made effective retroactively to the beginning of 2015.  Going forward retirees over 70 ½ can now make charitable distributions from their IRAs that will count toward satisfying their RMDs.   (more…)

Market Corrections are Healthy and Should be Expected

Posted by on Jan 15, 2016 in Behavioral Finance, Economy, Financial Plan, Investment | Comments Off on Market Corrections are Healthy and Should be Expected

crashFor those of you who have been long term clients or followers of my blogs, you are well aware that I have been warning about a market correction for some time.  When the Federal Reserve lowered interest rates to near zero, investors were forced to search for income and investment growth in riskier assets.  High yield bonds and stocks were favored over low-yielding, safer government bonds.  Leverage was used to further juice returns.  The result was increased stock (and bond) valuations and soaring margin debt.  (more…)

Should you pay off your mortgage?

Posted by on Jan 10, 2016 in Budgeting, Cash Flow, Mortgages, Real Estate | Comments Off on Should you pay off your mortgage?

1-houseCash is not returning much more than 1% these days and financial markets are volatile and overvalued, portending lower future returns.  Many homeowners wonder if they should use their surplus cash to more aggressive pay down their home mortgage.  There are qualitative and quantitative factors to consider and the answer really depends on each person’s unique situation and attitudes. (more…)

How to Improve Your Finances in 2016

Posted by on Jan 7, 2016 in Budgeting, Cash Flow, Financial Management | Comments Off on How to Improve Your Finances in 2016

new year financesThe new year brings with it lots of well-intended resolutions, many of them financial. But it can be easy to procrastinate on money matters when you’re unaware of the consequences of inaction or unsure whether you’re making the right decisions.

Even for a financial planner, the process of setting and achieving financial goals can be overwhelming. This past year, although I focused on specific aspects of my finances, I didn’t take the time to identify important life goals for the year. I did not use my money to ensure that I was enriching my life. (more…)

Top 10 Posts of 2015

Posted by on Jan 3, 2016 in Announcements | Comments Off on Top 10 Posts of 2015

jpegascendHere is a list of the links to the most widely read blogs on my website for last year. (more…)

Don’t Wait for Retirement — Live the Life of Your Dreams Now

Posted by on Dec 22, 2015 in Financial Plan, Life Plan, Plan Retirement | Comments Off on Don’t Wait for Retirement — Live the Life of Your Dreams Now

Live life nowMany people view retirement as a 30-year vacation, full of leisure and travel. But new retirees often find that retirement isn’t the carefree life they expected. They miss having social interactions, a sense of achievement and daily structure — and as a result, some experience weight gain, marital discord, depression or substance abuse. (more…)