Investment

Emotional Investing: How To Avoid Common Investor Pitfalls

Emotional Investing: Avoiding Common Investor Pitfalls

This article about emotional investing is part two of a four-part blog series about training yourself to make better financial decisions. “The challenge for all investors is to consume the news without being consumed by it.” –Jason Zweig  In my last post, I introduced a four-part blog series on the importance of separating fact from …

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Markets Are At All-Time Highs, So Why Is My Portfolio Underperforming?

Why is my portfolio underperforming the market?

Despite the challenges we’ve faced in 2020, we’re likely to end the year on at least one positive note—equity markets at home and abroad have performed well this year, for the most part, and many market indexes remain near their all-time highs. As the media celebrates every new market milestone, you may be asking yourself, …

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The Seven Step Exit Planning Process

Seven Step Exit Planning Process

There is a “recipe” for creating a successful intergenerational transfer. It isn’t the only recipe that works, but because it depends on six carefully chosen ingredients, its chances for successful completion are greater than others. If any of the following six ingredients is compromised, or worse still, missing, the result will change. Ingredient 1: Parents must …

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Are you safe in the hands of financial advisors?

Did you know?If you hire a brand-name advisor, they are most likely accountable to the shareholders of their company. That means they need to focus on generating profits. So they may put the company’s interests in front of yours. In fact, it’s perfectly legal. Is that common?Is it common for brand-name advisors to put the …

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Kids learn their money values from you. Have the hard conversations with them.

Money conversations can be hard. Have them anyway. If you really want your children to have good financial habits in the future, you can’t afford to not talk to them about money now. While it’s best to start when children are young, remember, it’s never too late to get the conversation started. Even if your …

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Act before year end to minimize your tax burden.

Some people think they can wait until March to worry about taxes.  Wrong. The end of the year is a perfect time to make some last-minute efforts to reduce your tax burden. Advice this year is a little different, as no one is quite sure what 2019 will bring from a tax code perspective. Things may …

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Tired of Tossing & Turning? Know Your Risk Tolerance

All investments carry a tradeoff between risk and return—generally, the higher the risk, the higher the potential return—or loss. Conversely, the lower the risk, the lower the potential return or loss. The goal is to find the right level of risk that provides the returns you need, while letting you get a good night’s rest. …

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Is a Living Trust Right For You?

Living Trust

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Taking A Loan From Your Retirement Plan = Bad Idea

retirement loans

Thinking about borrowing money from your 401(k), 403(b), or 457 account?  Think twice about that, because these loans are not only risky but injurious to your retirement planning. A loan of this kind damages your retirement savings prospects.  A 401(k), 403(b), or 457 should never be viewed like a savings or checking account.  When you …

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Will Your Children Receive a Fair Share of Your Wealth?

time to invest

Will your invested assets go where you want them to when you die? If you have a proper will or estate plan in place, you will likely answer “yes” to both of those questions.  The beneficiary forms you filled out years ago for your IRA, your workplace retirement plan, and your life insurance policy may …

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