Perhaps the single most important factor in reducing financial stress is managing cash flow. In their book The Millionaire Next Door, Dr. Thomas Stanley and William Danko explained this financial principal as “I make plenty of money but there...
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Is the Bull market over? Are rising interest rates going to hurt bonds? What about the volatility in the Chinese stock market? Markets seem so shaky! Many people are worrying if they should do something with their investments. What...
Many employers provide or share the cost of health insurance, for their employees. This is a wonderful benefit. Since many receive it as part of their benefits package they often are not knowledgeable about plan provisions, costs and benefits....
Last blog we shared some ideas about how boomers may be able to retire on less money than many experts suggest. One of the topics we mentioned was lowering the cost of housing. We will explore that topic in...
Much has been written about the inadequate level of saving by Baby Boomers in America. Not a day goes by when you don’t see an article on the difficult road faced by aging boomers, who have not saved enough...
However, while tax-deferred growth can be a good deal, paying taxes on the way out may be a bad deal in some circumstances. Recently, we came across that very circumstance. What differentiated this client was his plans for retirement....
To iron out his retirement plan, Temüjin meets with a financial advisor. Temüjin’s plan is ambitious, with a travel itinerary spanning from China to Bulgaria. Undoubtedly, such a vacation will be expensive. To help save for this coming expense,...
In a previous post, we discussed three distribution options available to pensioners. That is, how will you receive the money offered by your pension? While there are multiple ways a pension fund can pay out benefits, we discussed three...
You want to know how much money your investment is generating, right? This knowledge can help you determine if the investment makes sense for you. That is, should you give it the boot, or hold it forever? To figure...
In the fiduciary model, the financial advisor is legally obligated to act in the client’s best interest. This legal obligation requires the fee-only financial planner to work for the client – and not for themselves. This begs this questions,...