This is intended to be short and punchy–on purpose (smile!). As a certified financial planner that has been in financial services for nearly two decades this is like second-nature to me, however, I come across clients all the time where these two tips allow them to save thousands in taxes. So here we go… Ditch […]
You have to know the rules, if you want to play the game.
Summary: Athletes understand “off-the-field” distractions. None are probably worse than those of the financial variety. Last April, the Department of Labor (DOL) decided that financial professionals giving advice for retirement assets must act in their client’s “best interest”. Yes. You heard me right. Well, you may be thinking, “I thought my advisor was already acting in my […]
Recently I was revisiting a very interesting parallel drawn between human capital and financial capital as they both relate to building a portfolio. In 1980, R.A. Campbell developed a framework for life insurance that involves the trade-off between risky vs. non-risky assets. The parallel when applied to how financial wealth is derived is actually pretty […]
My 2 cents on how athletes can avoid the trap of fraud from bad-apple financial advisors.
Want to win with money? What to experience financial wholeness? Here are 3 tips to help.
If you work with a professional money manager or advisor it’s possible that you have some things that you would like to know but you probably feel are “weird” to ask. It’s not that many of the things that you may want to know are secrets as much as much of the financial services world […]
April is Financial Literacy month in America. The real impetus behind this effort of a whole month of promoting financial literacy is to increase awareness around the subject. Espousing healthy financial habits are just as necessary as having healthy eating and physical habits. Can it be said that Americans care as much about their physical […]
Sometimes I allow my mind to wander on topics such as, if different successful personalities were able to implement some of their strategies for our nation or the economy as a whole. For example, what if Congress were required to exemplify the financial discipline Dave Ramsey espouses? Or , what if all defined-benefit plans were converted to defined […]
Does the title seem like a loaded statement? What is financial literacy? Why do I need to have it? Is it important? In my opinion, the discussion of financial literacy represents the construct by which any discussion around money takes place. So that in itself makes it pretty important and necessary to acquire. But what […]
Most people are familiar with the exquisite level of service associated with the Ritz-Carlton brand. Possibly the most definitive quote to describe that level of service is: “You can defend your price, or explain your value.” Most that have experienced the Ritz Carlton experience would agree with me that they don’t need to defend their […]
In the last few decades with the advent of self-directed defined contribution plans (versus defined benefit), it has become more necessary to engage a financial professional to assist in future spending needs. In the 2013 Risks and Process of Retirement Survey report, it states that “in 1974, defined benefit plans covered 44% of private sector workers, but today […]
Recently I read a beautifully written article by WSJ’s Jason Zweig entitled 5 Things Investors Shouldn’t Do Now. So, I thought I’d piggy back on that idea and express what I feel investors should do now. These are steps that can be taken by any investors at any level. So here goes… 1) Deploy additional capital. As an […]
In grade school oxymoron was one of those words that could make you giggle after someone uttered it. If I heard any word with “moron” in it, it sent me chuckling, so maybe that was just me. Funny though, I find that often enough individuals focus too intensely on “part” of something and miss considering the “whole” […]