This is not your typical New Year’s resolution article. The concepts in those articles are good, and I work with many of my clients to help them budget, save, and plan because those are fundamentally the right things to do. Many of those articles are out there, and that topic is covered extensively this time…
Naughty or Nice Investments? If you are like most investors this year, you have been eyeing the market and asking yourself if an investment is a good one (nice) or a bad one (naughty). Knowing can be challenging, but active investors and fund managers ask themselves this question daily. By doing so, they are trying…
Cooler weather, shorter days, football, and pumpkin patches all bring home that we are well into fall and approaching the end of the year. For many people, the end of the year can be a good time to reflect and take stock of where you are and where you would like to go. As someone…
A recent article I read by David Booth, Founder and Chairman of Dimensional Fund Advisors, made an interesting observation about the relationship between health and wealth. His article, Practicing Healthy Habits, Pursuing Wealthy Outcomes, relates how he looks at investing compared to how Peter Attia looks at living longer in his book Outlive: The Science…
Death and taxes are two facts of life that one must accept. Based on that, understanding taxes in retirement can help you put in place tax-efficient strategies that will minimize their impact. The first key to understanding the answer is to know that in retirement, all those years of saving into tax-deferred accounts (401Ks, IRAs,…
As a financial advisor, whenever I’m asked a question like this, my mind floods with a list of questions for more clarification. At first glance, the question seems straightforward. However, the answer is nuanced and requires several layers of analysis. First, you must know if the $90,000 per year, or other hypothetical dollar amount, is…
This month we are going to talk about investment performance in relation to a financial plan. If you have been following along, we are a big proponent of planning, and over the last several months, we have advocated an approach to planning for the long term. We believe that long-term planning allows you to not…
In today’s technologically advanced world, there are countless systems and apps that will calculate your net worth. These systems calculate net worth by aggregating your bank and investment accounts while subtracting out any debt obligations. While that might be a good description of net worth, is this a good definition of your worth? Money is…
You have spent decades of your life working hard saving diligently, and now it’s time to consider retiring. This is a huge accomplishment in and of itself, and the goal is to have the time and money to be able to do more of the things you love. We believe an additional goal should…
