Know Someone Who Just Had a Baby? Let the Planning Begin!

Key Takeaways: Life events necessitate many changes, both personally and financially. After having a baby, estate, insurance and college planning become particularly critical. Reevaluating your budget is important after a life change in order to make adjustments and continue to save for your future. Time goes fast when you’re a new parent.  As I mentioned […]

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How Should an Investor Best Deal with Greece?

By using discipline and diversification. The business news is full of stories these days regarding bank closings, protests and the dysfunctional Greek debt negotiations. This has understandably caused the familiar emotional and financial rollercoaster ride that long-term investors have experienced many times over the years. For example, in my 30-plus year career, I have experienced […]

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How “Stocks Are Too Expensive” Can Be Good News

Key Takeaways:  In order for you to earn a return on stocks, someone has to think they are too expensive. Be glad they do. The long term average premium for owning US stocks is 8.35% per year. That premium isn’t positive every year. If you are a long-term investor and you hear someone say, “Stocks […]

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Asset Drawdown in Retirement: Where Do I Start?

Key Takeaways  After a lifetime of hard work and diligent saving, don’t let the retirement account drawdown rules overwhelm you or ruin your golden years. Consider the impact of Required Minimum Distributions (RMD) that kick in at age 70-1/2, and plan for these accordingly. It may seem counterintuitive, but in many cases it’s best to […]

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Why Stock Market Forecasting is Usually Worthless

Key Takeaways Market forecasting or timing rarely works because no manager, no matter how well-credentialed or intelligent, can consistently predict the future. Smart investors focus on the things they can control such as portfolio costs, diversification, staying fully invested and rebalancing as needed. Even at 1 percent, the long-term cost of paying an active manager […]

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What Happens to My IRA When I Die?

Key Takeaways Every situation is as unique as you are, so don’t shortchange yourself with an off-the-shelf, cookie-cutter solution. The beneficiary you designate for your IRA can have a big impact on what happens to your IRA when you pass away. Your age can have a big impact on what happens to your IRA. “What […]

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