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...
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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,...
If you’re one of the few lucky Americans that has a pension, you may have a deliberation in front of you: how and when to receive your money. With many pensions, you can choose to either elect: annuitization (to...
In addition to eternal happiness, marriage provides countless financial advantages, including: Possible Tax Reduction The ability to contribute to a spousal Individual Retirement Arrangement (IRA) account Sharing living expenses The topic of this week’s post discusses yet another advantage...
Life’s emotional challenges are often intertwined with life’s financial challenges. When it comes to advanced financial planning, these life challenges are scrutinized for their financial impact. Consider three significant life-changing events: • the birth of a child • the...
It is important to understand your cash flow; you want to know where your money is going. For the purposes of financial planning, categorize expenses into boxes A, B, and C. This process serves as a tool to help...
Enjoying retirement requires following just two simple rules. This sounds too easy – one would imagine that a successful retirement is more complicated. It is complicated! This is because while the rules themselves are simple, following these simple rules...
You have seen the commercials: people carrying their nest eggs, or their money board, indicating the hypothetical dollar amount required for retirement. Seeing these advertisements may have prompted some introspection on your part. You may be thinking: When can...