Gary Altman, an estate-planning attorney in Rockville, Md., recently had a client turn to her brother-in-law to cover bills after her husband died. The client had plenty of money, but she couldn’t readily access it because some of the accounts…
Tag: Financial Planning
Evidence of Stocks for the Long-Run
Why do we recommend stocks for investing over the long-term? Because the evidence supports that investing in stocks has provided the best real returns (after inflation adjustments). From the Credit Suisse Global Investment Returns Yearbook 2016:
How Great Is Dollar Cost Averaging? You Don't Know The Half of It
I’ve mentioned on a number of occasions that the S&P 500 has been nothing short of disappointing since the turn of the century. I hope that every single reader who is still adding money to their investment portfolio on a…
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The Value of Financial Planning
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…
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…
How Can You Make Sure Your Retirement Money Lasts?
Heading into retirement the number one worry retirees have is will my money last. There is no concrete answer, but in pursuit of that goal retirees may want to adopt a couple of spending and investing rules. The popular spend…
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Using a ROTH IRA for Educational Expenses
If you withdraw earnings from a Roth IRA before you’re 59 1/2 (or even if you are 59 1/2 or older but you haven’t held the account for five years including conversions), you will pay taxes at your ordinary income…
Tuning Out the Noise Leads to Greater Wealth
4 Traits of the Financially Savvy
The most financially savvy people aren’t afraid to ask for advice; they know their own strengths and weaknesses, and are also good at setting goals and priorities. Here are four traits that those who are shrewdest about money have in…
Tax Reform Brought Significant Changes to Claiming Dependents
Things taxpayers should know about claiming dependents While preparing their 2018 tax returns, taxpayers should remember that personal exemptions are suspended for 2018. Taxpayers can’t claim a personal exemption for anyone on their tax return. This means that an exemption…
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