April 16th, 2019

Planning to Retire Within the Next 5 Years?

What should you concentrate on as the transition approaches? You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree.   How much monthly income will you need? Look at your monthly expenses … Continue reading “Planning to Retire Within the Next 5 Years?”

April 10th, 2019

Teaching Your Heirs to Value Your Wealth

Some millionaires are reluctant to talk to their kids about family wealth. Perhaps they are afraid of what their heirs may do with it. If a child comes from money and grows up knowing they can expect a sizable inheritance, that child may look at family wealth like water from a free-flowing spigot with no … Continue reading “Teaching Your Heirs to Value Your Wealth”

March 25th, 2019

A Potential Social Security Fix

We’ve been hearing for years that the Social Security fund will run out of money in 2034, and a close reading of the Social Security Administration’s Trustee Report projections (https://www.ssa.gov/oact/TRSUM/) show what exactly this would mean. By that time, based on estimates of the number of people earning an income in the workforce, the numbers … Continue reading “A Potential Social Security Fix”

March 22nd, 2019

Interesting Investment Facts & Lessons Learned

If you’re a dedicated market geek with plenty of time on your hands, you can uncover some very interesting things about stock market history and perhaps learn some interesting lessons from them. Below is a snapshot of some of them: Since 1916, the Dow Jones Industrial Average (which predates the S&P 500 index and has … Continue reading “Interesting Investment Facts & Lessons Learned”

March 21st, 2019

The Importance of Aligning Your Investing With Your Principles

Do your investment choices echo your outlook? Are they in agreement with your values? These questions may seem rather deep when it comes to deciding what to buy or sell, but some great investors have built fortunes by investing according to the ethical, moral, and spiritual tenets that guide their lives.         Sir John Templeton … Continue reading “The Importance of Aligning Your Investing With Your Principles”

March 14th, 2019

The Importance of TOD & JTWROS Designations

TOD, JTWROS – what do these obscure acronyms signify? They are shorthand for transfer on death and joint tenancy with right of survivorship – two designations that permit automatic transfer of bank or investment accounts from a deceased spouse to a surviving spouse. This automatic transfer of assets reflects a legal tenet called the right … Continue reading “The Importance of TOD & JTWROS Designations”

March 6th, 2019

How Legislative Changes Will Affect TSP Participants

Most federal government employees rely on the government’s Thrift Savings Plan (TSP) as their primary retirement savings tool. The TSP is designed to serve as a 401(k)-type retirement plan for these workers. However, there are some serious drawbacks to TSPs when compared to 401(k)s, especially when it comes to their distribution rules. The good news … Continue reading “How Legislative Changes Will Affect TSP Participants”

February 25th, 2019

The Importance of Advance Directives

Many people wait too long to create advance health directives and appoint a health care surrogate―and the results can be tragic. A recent article, by a physician, who is also a financial planner, illustrates a not-uncommon situation in which nobody wants to find themselves. The story begins with a woman suddenly becoming acutely ill and … Continue reading “The Importance of Advance Directives”

February 19th, 2019

Closing the Donut Hole

If you haven’t been really, really sick in the last few years, you may not have ever heard of the “donut hole” in Medicare Part D prescription drug plans. This is the common name in the medical field for an unusual coverage gap where, if you incurred $3,750 worth of drug costs in any given … Continue reading “Closing the Donut Hole”

February 15th, 2019

Are One-Percenters Rich or Comfortable?

What would you have to make to be a one-percenter? That is, to have an income in the upper one percent of the population, in the U.S., Singapore, China, Brazil, England or Australia. The answer, of course, differs in every country. At the bottom of the scale, someone earning $81,000 a year in India is … Continue reading “Are One-Percenters Rich or Comfortable?”