A Financial Power of Attorney is a very powerful and useful tool. However, there are several misconceptions about financial powers of attorney and what they can and can not accomplish. Here are a few that I wish everyone better understood. Can I use a Financial Power of Attorney to help my elderly family members now [...]
The markets are once again doing what markets do. Volatility is back in the headline news. Let's take a moment and look back at what's happened in 2018. The DOW opened at 24,809 on January 2nd and climbed to 26,616 by January 26th, an astonishing 7.5% gain in a mere 19 trading days. Monday was [...]
We all know that markets ebb and flow; markets experience upward and downward volatility. However, I have noticed that there are two times in an investment cycle when investors focus somewhat obsessively on returns: (1) When the market is really down--think 2008; and (2) when the market is really soaring--like the last year or so. [...]
I find investor psychology fascinating. Often, I have witnessed situations where the investor is his/her worst enemy. Many investors are unaware of the impact of investor psychology on the decision making process. Unfortunately, many financial decisions are made out of either fear or greed--neither lends itself to prudent and evidenced-based investing decisions. This is nothing [...]
I am writing in response to questions I routinely receive form clients regarding the Morning Star Rating system of Funds. I want to discuss Morningstar 5 Star Rating System. Please consider the following: Equity Index Funds by nature will never receive a Five Star rating because the Star Rating System is looking at past performance and [...]
We’ll uncover some of the little white lies found in the financial world. We’ll also talk about the excuses people make for their bad financial decisions.
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We get a lot of questions about 401(k) accounts. Today, we’ll spend some time answering those questions. We’ll also determine whether you’re an optimist or pessimist when it comes to retirement planning.
Sometimes, you need to hear the truth when it comes to understanding your retirement. On this edition of the show, you’re in for a reality check. We’ll also give you some essential tips for income planning.
On this edition of the show, we’ll talk about being ready for retirement. We’ll also teach you everything you need to know about Required Mimimum Distributions.