Say you were going on vacation a year from now, what would your first action be? Ask for the time off? Make a hotel reservation? Research the destination? Basically start planning the trip. Yet, when it comes to one of…
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What's In a Comprehensive Financial Plan
Are you on the right financial path? When will you be able to retire and what financial adjustments would be advisable for you to reach your goals? Our comprehensive financial plan reviews multiple aspects of your current finances and your…
Social Security + RMDs – An Almost Perfect Retirement Income Source
When corporations moved from pension benefits to 401(k) plans, workers had to become the financial planner, investment manager and actuary in order to successfully plan for retirement income.
Compounding – Small repeatable actions that have outsized effects.
“Money makes money. And the money that money makes, makes money” – Benjamin Franklin Compounding is repeated actions that build on each other to produce results that are dramatically larger than you might expect. Compounding is used in saving and…
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Damage Control for a Missed RMD
How to mitigate penalties from a missed Required Minimum Distribution (RMD)
What I’ve Learned About Investing Since the Financial Crisis
Ten years ago the economy unraveled, the stock market plunged 52%, and the financial system was on the brink of no longer functioning. Some of our biggest financial institutions either failed or needed a massive capital infusion from the U.S.…
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Documents You Need When a Child Turns 18
A lot of things change when a child turns 18. But one of the biggest is also one of the most surprising to a lot of parents: Once children turn 18, parents can no longer make legal decisions for them…
Good Financial Adviser/Bad Financial Adviser
Based on the number of notes I’ve written in the margins, the quantity of words I’ve underlined, and how often I pull it from the shelf, The Hard Thing About Hard Things by Ben Horowitz has my vote for the…
Give Your Graduate Cash—a Lifetime of It
Cash is the most common graduation gift, according to a new survey by the National Retail Federation. It's also the most welcome one, according to common sense and a highly unscientific online poll of seniors in the undergraduate business program…
How to Win at Getting College Financial Aid
Want to boost your chances for college financial aid? Start early — as in, before your child's sophomore year of high school. Until your child is a high school senior, you don't have to tangle with the Free Application for…